Business News

Bundesdruckerei wins a major euro banknote contract

Monday 18. April 2011 - Berlin-based company to produce around 860 million euro notes for 2012

Berlin-based Bundesdruckerei GmbH has won a major contract to produce euro banknotes. The company is to supply the entire quota for 2012 that was the subject matter of the Joint European Tender (JET). Clients are eight Eurosystem Central Banks joined together as the JET Group.
This joint tender procedure allows national banks from EU Member States to award a joint order for their respective euro banknote demands. It also allows them to benefit from more attractive market conditions. Following a European tender procedure, De Nederlandsche Bank (DNB), as the bank leading this procedure, has awarded to Bundesdruckerei as the sole producer an order to produce and deliver the JET’s 2012 order. This means a volume of around 860 million euro banknotes.
“Winning this contract underpins banknote printing as one of our longest-standing core areas of expertise,” says Ulrich Hamann, CEO of Bundesdruckerei GmbH. “We have a state-ofthe- art production line here in Berlin which enables us to more than meet the complex demands of the euro.” Bundesdruckerei will already begin producing the entire quota at the end of this year, so that the first euro banknotes can be delivered early in 2012.