In June’s issue of Currency News™, we covered the rebirth of CPS and its new strategy. As part of this strategy, CPS has worked with its sister-company Enterprise Cash Management to develop ECM™ – Centralised Control.

Koenig & Bauer Banknote Solutions (KBBNS) has run its ‘Equinox’ customer event in parallel with the DRUPA print conference and through into June. It has used the event to showcase what it does, to launch a number of new developments, particularly its AKTINA™ product, and to make the case for thinking about banknotes, and banknote printing differently.

The Royal Canadian Mint (RCM) has once again been ranked among Corporate Knights’ Best 50 Corporate Citizens in Canada. The ranking is based on 24 quantitative key performance indicators relating to resource management, employee management, financial management, clean revenue, clean investment and supplier performance.

Koenig & Bauer, in its report on its first quarter results, gave further details of its Spotlight programme, launched earlier this year to prioritise initiatives and business models that boost earnings and financial strength, deprioritise initiatives that do not directly impact earnings and optimise the group and segment organisation as well as the indirect cost structure to make processes even leaner and more customer-friendly.

Glory – the Japanese developer of cash handling, management and automation systems for the financial, retail, vending, transportation and gaming sectors – has reported an impressive increase in sales for 2023-24 and a return to profit, driven largely by a resurgence in the domestic market.

As Currency News™ went to press, De La Rue provided a strategic update which states that a sale of one or both divisions could be on the cards. The Board is in discussions with a number of parties who have made proposals in relation to, or expressed interest in, either of the divisions – Authentication and Currency.

The materials and nanotechnology specialist Meta Materials – which acquired the security features company Nanotech Security Corp in 2021 – has announced a workforce reduction of 80%. It is understood that most of the workforce of over 100 has already been let go.

Secure Innovation Group, the global technology company specialising in cash protection and security solutions (formerly known as Spinnaker), has launched its latest brand – Remote Planet.

Giesecke+Devrient (G+D) has announced that it achieved the strongest growth in its history in 2023, setting new records for sales, growth and earnings in line with its strategy as a leading global secure technology company to help to shape the digital transformation of society.

In recent years Vietnam has been a go-to country for many of the world players in the technology, automotive, and fashion industries. It is now stepping into a new field – polymer banknote substrates and security features.