VHP Security Paper
VHP Security Paper is a Dutch specialty mill founded in 1644 that manufactures high-security banknote paper and embedded security features (watermarks, security threads, antimicrobial treatments) exclusively for central banks and high security printers worldwide, operating as a subsidiary of Oberthur Fiduciaire.
- Company typePrivate
- Founded-
- HeadquartersApeldoorn, Netherlands
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What VHP Security Paper does
VHP Security Paper B.V. is a Dutch specialty manufacturer of security paper for banknotes, headquartered in Ugchelen (Apeldoorn), Netherlands, operating a single mill with up to 6,500 tons of annual production capacity and roughly 170 employees working continuous shifts (24 hours/day, 7 days/week, 48 weeks/year). The company traces its origins to a paper mill founded in 1644 and has produced banknote paper since 1890, becoming the sole Dutch supplier of banknote paper in 1945. VHP sells exclusively to central banks and high security printers worldwide, with all deliveries in sheet format and pricing negotiated through multi-year enterprise contracts; no public pricing is disclosed.
The company's product portfolio integrates three layers of security into the paper substrate: proprietary watermark technologies (PIXEL™, a multi-tone contrast watermark, and HD Vision™, a high-contrast luminous watermark), high-durability substrates (Diamone™ with +70% longevity index and anti-soiling properties, and Highlink™, a crumpling-resistant cotton-fibre substrate), and an antimicrobial surface treatment (Bioguard™) for antiviral, antibacterial, and antifungal protection. Security threads (Picture Thread™, Pulsar™, Dual Track™, StarSheen™ using Liquid Crystal optics, and Combifluo™) are embedded into the paper to provide machine-readable and visually distinctive features. VHP holds ECB accreditation for Euro banknote production and maintains ISO 9001, 14001, 45001, and 37001 certifications.
VHP has been a wholly-owned subsidiary of Oberthur Fiduciaire, a Paris-based private security printer, since its 2017 acquisition. Prior to that, VHP was owned by Arjowiggins Group (2000–2017) and by De Nederlandsche Bank (1978–2000). Oberthur Fiduciaire's group footprint covers more than 70 countries, with banknote printing sites in France and Bulgaria and VHP serving as the group's paper mill in the Netherlands. Distribution is direct B2B, with no intermediary channels, and the company reaches customers through its corporate website and a LinkedIn presence used primarily for employer branding.
VHP Security Paper firmographics
Firmographics- Name
- VHP Security Paper
- Legal name
- VHP Security Paper B.V.
- Website
- https://vhpsp.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- VHP Security Paper is a Dutch specialty mill founded in 1644 that manufactures high-security banknote paper and embedded security features (watermarks, security threads, antimicrobial treatments) exclusively for central banks and high security printers worldwide, operating as a subsidiary of Oberthur Fiduciaire.
- Ownership category
- akta.pro rank
VHP Security Paper industry classification
Industry- Product category
- Banknote Security Paper
- NAICS
- Converted Paper Product Manufacturing (3222), All Other Converted Paper Product Manufacturing (322299)
- SIC
- Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670)
- akta.pro primary industry
- Specialty Paper Manufacturing (Coated, Release, Thermal, Filter, Security) (IMAMAEAC)
Keywords
Where VHP Security Paper is headquartered
LocationHeadquarters
- HQ city
- Apeldoorn
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
VHP Security Paper business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure
Revenue model
- Banknote Paper Sales: Manufacturing and supplying state-of-the-art banknote paper to Central banks and high security printers worldwide. Revenue is generated through the sale of security paper products including watermarks and security threads.
- Security Features: Offering a wide range of security features such as watermarks and security threads as part of the banknote paper product offering.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise B2B pricing for central banks and security printers |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
VHP Security Paper product offering
Product offeringCore offering
VHP Security Paper manufactures high-security banknote paper and security features including proprietary watermarks (Pixel™, HD Vision™) and security threads (PULSAR™, Picture Thread™, DUAL TRACK™, STARSHEEN™, COMBIFLUO™). The company supplies these substrates and embedded security elements directly to Central Banks and High Security Printers globally for currency production. It also offers durability-enhancing substrates (Diamone™, Highlink™) and antimicrobial treatments (Bioguard™).
Product overview
VHP Security Paper is a specialized manufacturer of high-security banknote paper and related security features. The company operates as a subsidiary of Oberthur Fiduciaire and offers a portfolio of complementary products centered on banknote paper production. Its product portfolio includes core security paper substrates (Diamone™, Highlink™) enhanced with proprietary watermark technologies (PIXEL™, HD Vision™), protective treatments (Bioguard™), and a range of security thread solutions (Picture Thread™, Pulsar™, Dual Track™, StarSheen™, Combifluo™). These products work together as integrated security elements—watermarks are embedded during paper production, security threads are integrated into the paper substrate, and treatments provide antimicrobial protection—all designed to protect banknotes against counterfeiting while extending circulation lifespan.
Differentiator
Problem solved
Functional benefit
Brands
- Pixel™: Breakthrough multi-tone watermark technology with high contrast between light background and dark dots
- HD Vision™
- Diamone™
- Highlink™
- Bioguard™
- Picture Thread™
- Pulsar™
- Dual Track™
- StarSheen™
- CombiFiuo™
Products and services
- Pixel™
Quantifiable outcome
- +70% longevity index compared to standard banknote paper
- +2 more outcomes
Companies that use VHP Security Paper
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
VHP Security Paper technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
VHP Security Paper partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Oberthur FiduciairecoreOberthur Fiduciaire is the parent company of VHP Security Paper, having acquired VHP in 2017. Oberthur Fiduciaire is a trusted partner and global security expert serving customers since 1842, specializing in banknote threads, banknote paper, banknotes, associated secure services, and security documents in more than 70 countries. The company is headquartered in Paris with two banknote manufacturing sites in France and Bulgaria and a banknote paper mill in the Netherlands.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
VHP Security Paper competitors and assessment
Company assessmentBroad incumbents
- De La Rue: UK-based commercial banknote printer and security document producer; competes with VHP's parent (Oberthur Fiduciaire) at the integrated security-document level and shares central-bank customers.
- Giesecke+Devrient Currency Technology: Germany-headquartered incumbent across banknote paper, security printing, and identity solutions. Overlaps with VHP on paper substrates but competes more broadly across the banknote value chain.
- SICPA: Swiss security-ink and authentication solutions provider that supplies inks and tracers used in the banknote substrates VHP supplies - a complementary incumbent in the same central-bank procurement workflow.
- Crane NXT Coatings (formerly CCL Secure): Specialty security-feature supplier of threads, coatings, and authentication components for banknotes. Directly competes with VHP's PULSAR, Picture Thread, Dual Track, and Combifluo thread portfolio.
Direct peers
- Louisenthal: German-based manufacturer of banknote paper and security substrates, now part of Crane NXT. Direct competitor to VHP in supplying central banks with watermarked and security-feature papers.
- Crane Currency: U.S.-based currency substrate and security-feature business (Crane NXT), producing banknote paper, substrates, and micro-optic security features for central banks worldwide.
- Fortress Global Financial: Canadian specialty pulp and banknote paper producer serving central banks with security-grade paper substrates, directly overlapping VHP's core manufacturing offering.
Regional players
- Note Printing Australia: Subsidiary of the Reserve Bank of Australia operating a banknote paper mill and printing facility. Comparable integrated paper + print model to VHP's parent, but primarily serves Australian and select Pacific-region issuance.
- China Banknote Printing and Minting Corp (CBPMC): State-owned Chinese producer of banknote paper, banknotes, and security documents. Comparable capability set to VHP but predominantly serves Chinese-domestic and aligned-region demand rather than competing head-to-head in Europe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
VHP Security Paper social profiles
Digital presenceVHP Security Paper compliance and trust
Trust signalCompliance5 records
VHP Security Paper financial estimates
Financial estimateRevenue estimate
Valuation estimate
VHP Security Paper leadership team
Management profileNumber of profiles
Profiles2 records
VHP Security Paper funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VHP Security Paper M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VHP Security Paper
What does VHP Security Paper do?
VHP Security Paper manufactures high-security banknote paper and security features including proprietary watermarks (Pixel™, HD Vision™) and security threads (PULSAR™, Picture Thread™, DUAL TRACK™, STARSHEEN™, COMBIFLUO™). The company supplies these substrates and embedded security elements directly to Central Banks and High Security Printers globally for currency production. It also offers durability-enhancing substrates (Diamone™, Highlink™) and antimicrobial treatments (Bioguard™).
Is VHP Security Paper a public or private company?
VHP Security Paper is a private company. It is classified as corporate owned and is currently operating.
When was VHP Security Paper founded?
VHP Security Paper was founded in -1. It employs 101 to 250 people.
Where is VHP Security Paper based?
VHP Security Paper is headquartered in Apeldoorn, Netherlands, in the Europe region.
How does VHP Security Paper make money?
Two revenue lines are on record. Banknote Paper Sales are the primary driver. The others are security Features.
Who are VHP Security Paper's main competitors?
Broad incumbents on record are De La Rue, Giesecke+Devrient Currency Technology, SICPA and Crane NXT Coatings (formerly CCL Secure). Direct peers are Louisenthal, Crane Currency and Fortress Global Financial. Regional players are Note Printing Australia and China Banknote Printing and Minting Corp (CBPMC).
Does VHP Security Paper have an API?
No public API is recorded for VHP Security Paper.
What industry is VHP Security Paper in?
VHP Security Paper's product category is Banknote Security Paper. Its primary akta.pro industry code is IMAMAEAC, Specialty Paper Manufacturing (Coated, Release, Thermal, Filter, Security). Its NAICS code is 3222 and its SIC code is 2670.