De La Rue to create 70 new money-making jobs in region

Mar 13 2009 by Rob Pattinson, The Journal

“The money we produce is largely for the developing world, who have continued their demand for bank notes. This is why we have enjoyed such healthy growth as a business. Demand for notes is driven by a number of factors, re-issuing, growth of an economy, and particular in the developing world the installation of ATMs. At De La Rue we consider ourselves very fortunate to be in the position of growing our business when so many people around us are experiencing difficult times.”

In November last year the company announced pre-tax profits of £49.8m for the six months to September 27, a 23.9% rise on the same period last year, indicating the strength of it’s growth.

MP Dave Anderson, whose constituency includes the Team Valley, was delighted so see De La Rue reinvesting its success in the area.

Mr Anderson said: “This would have been good news at any time but the timing could not be better. De La Rue is widely admired for the quality of their work and this clearly affirms the faith they have in the workforce in this region.”