Innovia, the United Kingdom-based producer of high-performance film, is about to open a new plant to make the polymer substrate for a five pound bank note.
Innovia Security, a division of the group, will produce the substrate at the facility in Wigton, England, starting Sept. 7.
The plant is reported to have been the subject of investment of around 40 million pounds ($52.5 million).
Rory Stewart, the local member of parliament and minister of state at the Department for International Development, will be at the opening, as will Innovia CEO Mark Robertshaw and Bernhard Imbach, managing director of Innovia Security.
The new plastic note, which bears an image of former Prime Minister Winston Churchill, goes into circulation Sept. 13.
Innovia will also produce the polymer substrate for the new plastic 10-pound note, which will be available to the public in the autumn of next year.
The group said it has made nearly all of the polymer banknotes in the world since Australia launched the first plastic note back in 1988.