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April 19, 2015 12:10 AM ET

Commercial Services and Supplies

Company Overview of Polska Wytwórnia Papierów Wartosciowych S.A.

Company Overview

Polska Wytwórnia Papierów Wartosciowych S.A produces security prints and documents for government institutions, financial institutions, large companies and corporations, and small enterprises. It offers identification documents, such as identity cards and passports; transportation documents, which include driving license and temporary permits; and documents for foreigners, such as travel documents. The company also provides stocks, cheques, bonds, ADR forms, plastic cards, digital tachograph cards, security papers, vouchers, coupons, and tickets; and E-products, such as electronic signature, Polish procurement platforms, and electronic payment systems. In addition, it offers banknotes, secur...

1 Sanguszki Str

Warsaw,  00-222

Poland

Founded in 1919

Phone:

48 22 530 2000

Fax:

48 22 530 2450

Key Executives for Polska Wytwórnia Papierów Wartosciowych S.A.

President of the Management Board
Age: 52
Manager of Marketing Department and Manager of Public Relations Department
Member of the Management Board
Age: 49
Member of the Management Board
Age: 47
Member of the Management Board
Age: 59
Compensation as of Fiscal Year 2014.

Polska Wytwórnia Papierów Wartosciowych S.A. Key Developments

National Bank of Poland Orders Polish Security Printing Works to Print General Circulation Banknotes with Modernized Security Features

The National Bank of Poland ordered the Polish Security Printing Works (PWPW S.A.) to print general circulation banknotes with modernized security features. Graphic designs of banknotes will not change, and banknotes incorporating new security features will be put into circulation in April 2014. For security reasons, detailed information and banknotes with new security features will be presented in September 2013. The 'Polish Monarchs' series of banknotes, designed by Andrzej Heidrich, which is now in use, was introduced into circulation in 1995. For the first time in 18 years, the NBP will conduct a technical operation which involves changing security features of this series of banknotes. Such measures are undertaken by central banks in regular intervals - on average every 8 years. In 2013, the European Central Bank will modernize the euro banknote. New security features were also introduced by Spain - 7 years and Slovenia and Estonia - 3 and 4 years before the entry into the euro area. Banknotes incorporating modernized security features will be put into circulation gradually as part of standard operations of providing banks with cash and withdrawal of worn-out or damaged banknotes. Lower value banknotes are withdrawn from circulation after an average of 18 months of use, and higher value banknotes - after several years. Change of security features on banknotes is a purely technical operation. Banknotes with modern security features will be gradually put into circulation starting from April 2014, which means that not a single banknote incorporating new security features will be available before this date. All banknotes currently in use will remain legal tender for an indefinite period. In January 2014, the NBP - in cooperation with the Polish Security Printing Works (PWPW S.A.) - will launch a nationwide information campaign 'Safe Money' concerning new security features on Polish banknotes. Under this campaign, the NBP will distribute a free-of-charge application NBP Safe for mobile devices presenting new security features of Polish banknotes and coins and the up-to-date currency exchange rates table of the NBP.

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