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Peruri secures $11.4m contract with Nepal
State-owned securities paper and banknote printing company PT Percetakan Uang Republik Indonesia (Peruri) has secured a contract worth US$11
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tate-owned securities paper and banknote printing company PT Percetakan Uang Republik Indonesia (Peruri) has secured a contract worth US$11.4 million to print bank notes for Nepal.
“This year the company will print Nepalese Rupee [Rs] banknotes in various denominations,” Junino Jahja, the Peruri president director, told The Jakarta Post recently.
Junino said Peruri would print notes for the values of Rs 20, Rs 50, Rs 500 and Rs 1,000.
The company has been printing Nepalese Rupee notes since 2007. Peruri also prints banknotes for several other countries including Malaysia, Thailand, Argentina, Sri Lanka and Bangladesh.
It aims to expand its bank note printing business to other countries in South Asia, West and East Africa and Latin America.
Besides printing banknotes for Nepal, Peruri also received orders from the Indonesian central bank (Bank Indonesia) this year to print 5,715 billion banknotes and 1,213 billion coins.
“We will also plan to complete last year’s order from the Indonesian central bank, which has been carried over to this year,” Junino said, adding that under the terms of its contract with BI, Peruri would print 275 billion in coins and 921 billion in banknotes.
Peruri was established in September 1971 after a merger between state-owned specialist mint printers Artha Yasa and state printers Pertjetakan Kebajoran (Perkeba). Besides printing banknotes and coins, the Peruri also provides associated security products such as passports, excise banderols, land certificates and the specialist stationary needed for documentation of stamp duty.
The company has allocated around Rp 577 billion for this year’s capital expenditure (capex) which is higher than the Rp 381 billion designated last year. This capital budget was allocated to finance the purchase of new equipment and specialist printing machines.
Currently Peruri owns 20 printing machines located at its offices in Karawang in West Java and in Surabaya East Java.
Peruri has targeted to net Rp 2.1 billion in profit this year, higher than the Rp 1.9 billion it earned last year, Junino said.
Junino added that the company recently purchased a 13.32 percent stake in ailing state paper producer PT Kertas Padalarang to secure its raw material supplies.
Peruri had been asked by the government to help Kertas Padalarang carry on with its business activities, Junino said.
Besides concentrating on printing banknotes, the company is planning to expand its business into other sectors including providing digital security systems and producing security inks and security papers.
State-owned securities paper and banknote printing company PT Percetakan Uang Republik Indonesia (Peruri) has secured a contract worth US$11.4 million to print bank notes for Nepal.
“This year the company will print Nepalese Rupee [Rs] banknotes in various denominations,” Junino Jahja, the Peruri president director, told The Jakarta Post recently.
Junino said Peruri would print notes for the values of Rs 20, Rs 50, Rs 500 and Rs 1,000.
The company has been printing Nepalese Rupee notes since 2007. Peruri also prints banknotes for several other countries including Malaysia, Thailand, Argentina, Sri Lanka and Bangladesh.
It aims to expand its bank note printing business to other countries in South Asia, West and East Africa and Latin America.
Besides printing banknotes for Nepal, Peruri also received orders from the Indonesian central bank (Bank Indonesia) this year to print 5,715 billion banknotes and 1,213 billion coins.
“We will also plan to complete last year’s order from the Indonesian central bank, which has been carried over to this year,” Junino said, adding that under the terms of its contract with BI, Peruri would print 275 billion in coins and 921 billion in banknotes.
Peruri was established in September 1971 after a merger between state-owned specialist mint printers Artha Yasa and state printers Pertjetakan Kebajoran (Perkeba). Besides printing banknotes and coins, the Peruri also provides associated security products such as passports, excise banderols, land certificates and the specialist stationary needed for documentation of stamp duty.
The company has allocated around Rp 577 billion for this year’s capital expenditure (capex) which is higher than the Rp 381 billion designated last year. This capital budget was allocated to finance the purchase of new equipment and specialist printing machines.
Currently Peruri owns 20 printing machines located at its offices in Karawang in West Java and in Surabaya East Java.
Peruri has targeted to net Rp 2.1 billion in profit this year, higher than the Rp 1.9 billion it earned last year, Junino said.
Junino added that the company recently purchased a 13.32 percent stake in ailing state paper producer PT Kertas Padalarang to secure its raw material supplies.
Peruri had been asked by the government to help Kertas Padalarang carry on with its business activities, Junino said.
Besides concentrating on printing banknotes, the company is planning to expand its business into other sectors including providing digital security systems and producing security inks and security papers.
