Fedrigoni reports weak banknote paper business

Certain central banks have integrated banknote production
and reduced its orders with Fedrigoni.
25 Sep 2018 − 

Italy’s Fedrigoni group has scaled back production of banknote paper at its Fabriano mill in central Italy in response to a lack of demand and the resulting weak capacity utilisation.

Fedrigoni would not explicitly confirm local media reports that banknote production was standing still again on two of three machines at the group's Fabriano mill in Italy. In a written statement on the developments at the Fabriano mill, however, the group explained that its production capacity in the banknote paper segment was above the current demand.

The global macroeconomic conditions as well the decision by some central and national banks to take over and integrate production of banknotes had reportedly caused the company to lose contracts. Even though the company had been able to partially offset lost orders with other contracts, the loss of orders had affected the operations in the banknote paper segment, Fedrigoni stated.

This is an excerpt of our reporting on Fedrigoni's banknote paper business. The full article is published in EUWID Pulp and Paper issue 39/2018 and is exclusively available to our subscribers.

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