Dutch Kusters engineering granted India contract

INDIA - Dutch company Kusters Engineering, a manufacturer of machines for the destruction of banknotes, has been granted a 25 mln Dutch guilders ($10.2 mln/11.3 mln euro) contract by the Central Bank of India.

The contract is for the delivery of machines for the destruction of old banknotes.

Kusters generates an average annual turnover between 30 mln guilders ($12.2 mln/13.6 mln euro) and 40 mln guilders ($16.3/18.2 mln euro) and has service offices in India, China and Latin America.