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Jul 26, 2022 · Portals: obligations to customers, employees, suppliers and creditors will be met. Historic papermaker Portals has rocked the industry with the announcement that it plans to close its Overton banknote paper mill with more than 300 jobs likely to go as a result. Portals has been making banknote and security paper for more than 300 years.
- Jo Francis
The orderly wind down of Overton will then allow Portals to fully focus going forward on the remaining, successful parts of its business: our paper mill in Bathford, Somerset, which focusses on the supply of high security papers, and our security features business in Milan, Italy, are unaffected by this announcement.
Following the announcement that Portals paper business will gradually withdraw from the banknote market with the closure of Overton Mill, we are now beginning the process to sell the assets and materials. Overton has, over the years, had significant investment with over £50m spent over the last 10 years and £25m since 2018 alone.
Jul 27, 2022 · 27 July 2022. Google. The mill has been in Overton, Hampshire, since 1922. An historic papermaker has announced the closure of its banknote paper mill business, with 300 jobs likely to go. Portals ...
Portals has been producing banknote and security paper for more than 300 years. It opened its Overton Mill site in Hampshire in 1922. Its biggest customer has been Basingstoke-based company De La Rue. It has announced it is terminating its contract with Portals in a bid to cut costs.
Jul 27, 2022 · AN HISTORIC papermaker has announced it will be ‘winding down’ its business in Hampshire as its bank note printing contract has come to an end. Portals, which has been printing banknotes and security paper for more than 300 years, opened its Overton Mill site in 1922. Portals founder Henry Portal set up a paper mill at Bere Mill, on the ...
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Jul 27, 2022 · Author: Jonathan Richards Published 27th Jul 2022. A company that makes paper for bank notes is to close their paper mill near Basingstoke. Portals has produced paper for bank notes for more than 300 years and has operated its mill at Overton since 1922. Around 300 employees will lose their jobs.
