This contract award was the culmination of a long process, resulting in a tremendous win for Ashton-Potter and the achievement of a primary objective," said Barry Switzer, General Manager.
Ashton-Potter, part of MDC's Secure Transaction Division has significant long-term relationships and contracts with a number of the world's largest Postal Authorities, including the USPS and Canada Post Corporation.
In January 1994, Ashton-Potter was awarded a five year US $126 million (Cdn $170 million) contract from the USPS, making it the largest private sector supplier of postage stamps in the U.
Ashton-Potter plans to expand into other areas of security printing, including bank notes, share certificates, travellers cheques, lottery tickets, passports, state papers, coupons, money orders and other security printed products.
We are confident that teething difficulties related to the new combination offset-intaglio press at our Ashton-Potter
Overall, Ashton-Potter will produce up to eight billion postage stamps annually.
Ashton-Potter has supplied sheet-fed offset printed postage stamps to the U.
In fulfilling a postage stamp contract for Canada Post, Ashton-Potter
Canada also benefits from in-house access to a complete range of printing and finishing technology, including a new $3 million six-colour sheet fed press capable of printing 15,000 impressions per hour.
Canada's new Toronto plant is now fully operational.
Postal Service produced increased revenue and profits over the 12 months, more exciting growth is expected beginning with the third quarter of 1995 -- following the installation of an advanced $7 million offset/intaglio press at MDC's Ashton-Potter
subsidiary in Amherst, N.
The acquisition is the latest step in a major expansion for MDC's Security and Specialty Printing division which, through Ashton-Potter
in the United States and Canada, is one of the world's largest suppliers of postage stamps and other security products.