South African rand due to relatively high-quality counterfeit notes in circulation. In 2011, the South African Reserve Bank issued 100-Rand banknotes which were defective because they lacked fluorescent printing visible under UV light. In June, printing of this denomination was moved from the South African Bank Note Company to Crane Currency's Swedish division (Tumba Bruk), which reportedly produced 80 million 100-Rand notes. The South African Reserve Bank shredded 3.6 million 100-Rand banknotes printed by Crane Currency because they had the same serial numbers as a batch printed by the South African Bank Note Company. In addition, the notes printed in Sweden were not
Ingersoll Rand Ingersoll Rand Ingersoll-Rand plc () is an Irish–American global diversified industrial manufacturing company formed in 1905 by the merger of Ingersoll-Sergeant Drill Company and Rand Drill Company, rival companies that had each been founded in 1871. The company is incorporated in Dublin, Ireland, and has its US operations headquartered in Davidson, North Carolina. Ingersoll-Rand has been a constituent of the S&P 500 Index since 2010, replacing Pactiv Corporation on 16 November 2010 (it had previously been in the S&P 500 Index until it was replaced by Quanta Services in June 2009). In 1871, Simon Ingersoll (1818–1894) founded Ingersoll Rock Drill