De La Rue says its investing KSh 286 million (US$2.9 million) to strengthen and underpin its operations in Kenya.
The firm points out that this is part of a long term investment of Ksh 1.4 billion to upgrade the site to become a regional hub for East Africa and the wider continent.
De La Rue’s Marketing Director Robin Mackenzie says the investment in expansion of the site will standardise the firm’s global manufacturing footprint and increase its overall flexibility and capability.
Amongst the new capabilities, the upgrade includes the installation of Komori Varnish Press and an increase to the overall factory size. The Varnish Press will enhance DLR Kenya’s service offering and its technical capability to meet the increasing market demand for more durable varnished banknotes.
The design and construction of the building is being undertaken by local Kenyan companies and all support services were sourced via the strong local Kenyan supply chain.
The new destruction system is being installed at a cost of Ksh51.2 million (US$512,000) and will manage end of life note destruction and disposal for any banknote securely.
“The Ksh 28.7 million (US$287,000) state of the art air-lock loading bay will also ensure the firm continues to meet its commitment to ISO 14298 and its Intergraf accreditation requirements. Its design and construction is being undertaken by local Kenyan companies is on plan for completion next month.” De La Rue noted.
The DLR Kenya site has been manufacturing for 25 years and currently employs about 300 workers.