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Bank of England signs supply agreement with Innovia for polymer substrate to be used in new banknotes

11:48 AM MDT | March 12, 2014 | Francinia Protti-Alvarez

The Bank of England has entered into a previously announced contract with Innovia Security, an Innovia Group (Wigton, UK) subsidiary, under which Innovia will supply the polymer substrate  for new-style £5 and £10 banknotes, the bank announced today. The substrate will be produced at a new opacification unit at Innovia's Wigton facility. The plant will be operational from 2016, the bank says. Banknotes will continue to be printed at the Bank of England's printing works at Debden, UK. Biaxially oriented polypropylene (BOPP) is the base film for...

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