De La Rue success and expansion plan brings positive news for Bolton

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Today De La Rue announced the expansion of its UK manufacturing base in Westhoughton, Bolton.

This expansion will enable De La Rue to more than double the amount of polymer banknote substrate that it produces. This polymer is exported globally and used in banknotes such as the English, Scottish and Northern Irish £20 notes. The expansion involves the acquisition of a building that is adjacent to De La Rue’s existing premises. This will allow De La Rue to leverage their existing polymer manufacturing skills and to maximise operational synergies from the existing site. As part of the expansion a second line for polymer banknote substrate production will become operational by the end of 2021. The investment will generate up to 70 new jobs over the next 2.5 years.

The current Westhoughton site became operational in 2001, initially producing security features and later growing to also produce SAFEGUARD® polymer banknote substrate. This latest expansion represents the next stage in the growth of these two product areas.

Commenting on the developments, Clive Vacher, CEO of De La Rue, said, “I am delighted to announce the investment in manufacturing and job creation in the North West of the UK, as we continue to grow our polymer market share globally.  The Currency Team have done a remarkable job in bringing De La Rue’s SAFEGUARD® polymer substrate to a position of industry leadership.  It is a fitting endorsement of the technical and operational capabilities of our Westhoughton site, that we have made the decision to concentrate our polymer substrate manufacturing into this Centre of Excellence.”

Deputy Leader of Bolton Council, Councillor Martyn Cox said: “ The expansion of De La Rue is fantastic news and the creation of 70 jobs over the next two and a half years is very welcome, these jobs are coming at a time when many people are unfortunately losing theirs and is really significant for the people of Bolton.”

“The expansion clearly demonstrates De La Rue’s confidence in Bolton despite the challenges of coronavirus pandemic and shows the commitment to supporting the economy local businesses are making.”

 

 

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