Versatile Card Technology, Inc., one of the world’s largest plastic card
manufacturers, is announcing the opening of a 60,000 square foot production
facility in Chennai (Madras), India.
This new venture, Versatile Cards Ltd., is a wholly owned subsidiary of VCT
and is scheduled to begin operations in May 2001.
VCT is opening this new facility in response to an increase in plastic card
business in international markets over the past several years. The VCP
production facility in India will primarily serve the European and Asian
VCP is expected to have an annual capacity of 80,000,000 cards, produced
for a variety of applications, including credit cards, bank cards, ATM
cards, loyalty programs, membership cards, identification cards, and direct
VCP will also have state-of-the-art milling, embedding, and encoding
equipment to be able to produce chip cards and smart cards.
A minority business venture founded in 1986, Versatile Card Technology,
Inc. is a MasterCard and Visa certified plastic card manufacturer that
currently produces more than 600,000,000 cards per year.