Komori Currency NV32 wins Excellence in Currency Technical Award 2018

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Komori
Komori

Komori Corporation announced that the Komori Currency NV32 Combination Multiprocess Numbering and Varnishing Press for banknote printing has been awarded the 2018 Excellence in Currency Technical Award for the best new currency feature or product by the International Association of Currency Affairs (IACA). The Komori Currency NV32 Combination Multiprocess Numbering and Varnishing Press for banknote printing has been awarded the 2018 Excellence in Currency Technical Award by IACA.

Inaugurated in 2014, the IACA Excellence in Currency Technical Award is a prestigious prize given to the technical development that is predicted to have a major influence on the banknote printing industry. In 2018, five finalists were selected from 24 nominees. Although the finalists included anticounterfeiting technologies developed by state and private printworks, Komori received the award as possessing the most outstanding technology of the five final entries.

Takeo Uehara, general manager of the Security Press Sales Group, stated: “We are honored to receive the distinguished Excellence in Currency Award for outstanding technology in the banknote printing industry. The Currency NV32 incorporates Modular Equipment Design (MED), a Komori original concept and it strengthens the banknote design capability of our customers at a high level. In the future, Komori will expand the possibilities of banknote printing and reinvent the banknote printing processes through the lineup of these products.”

The Currency NV32 is a revolutionary banknote printing system offering two significant advantages: maximizing uptime and strengthening banknote design capability. With a maximum printing speed of 12,000 sph and the PQA-N Print Quality Assessment System for Numbering, the press performs number printing, the final process in banknote printing, with stable print quality at high speed. Moreover, it is capable of applying special varnishes on both front and back sides, contributing to improved banknote durability. The Currency NV32, based on the MED concept, is capable, for example, of adding units that apply two different varnishes on the front and back sides and performing number printing on both sides, thus enlarging banknote design capabilities without limit. In addition, each printing unit is equipped with an independent drive motor and clutch, enabling simultaneous parallel job changeover operation, thus achieving make-ready time shortened by more than 50% compared to a conventional system. For number printing, UV curing can be selected, enabling smooth transfer of banknotes to the next process and making the banknote printing process exceptionally efficient.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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