“By making this investment, Giesecke & Devrient is writing a new chapter in its successful company history and at the same time demonstrating its commitment to the long-term future of the Königstein site. Security paper made in Saxony is held in high regard by central banks and printers in more than 100 countries worldwide,” commented Walter Schlebusch, member of the G&D Management Board, during the inauguration ceremony.

This morning, employees and guests of honor gathered together at the site to celebrate the inauguration of the new plant. Production was officially started by State Secretary Hartmut Fiedler and G&D’s owner Verena von Mitschke-Collande.

The number of banknotes in circulation around the world is constantly growing, and with it the demand for high-grade banknote paper. The increased production capacity in the Biela valley will enable G&D to continue to meet this demand. With the new cylinder mold machine in operation, the fastest and most up-to-date machine of this type in the world, the company will be able to make further gains in productivity and flexibility. The paper produced here, combined with advanced security features from the paper and foil production plant in Louisenthal, near Tegernsee, opens the way for the technology company to systematically pursue its long-term growth strategy and increase its presence in the export markets.

The new plant in Königstein is proof that industrial efficiency doesn’t necessarily mean casting aside environmental concerns. Despite an over 55-percent increase in capacity, its water consumption hasn’t increased at all. The new bio-membrane filter system works so efficiently that the needs of the higher production output can be met with the same quantity of water as before.

Further Reading

History Königstein
Königstein’s papermaking track record goes back to the 16th century – and that’s set to continue since the plan’s acquisition by the G+D Currency Technology group in 1991.