Business News
Quebecor World Invests in Leading U.S. Retail Insert Platform
Wednesday 26. November 2008 - Quebecor World Inc. (TSX:IQW) announced today it is purchasing two new state-of-the-art short cutoff retail offset presses to further enhance its industry leading U.S. retail insert platform. The investment plan includes the purchase of two of the latest wide-web manroland presses, equipped with state-of-the-art quality control and delivery systems.
“This investment is another clear demonstration of our commitment to provide our customers with the most flexible and efficient platform available in the retail market today,” said Jacques Mallette President and CEO Quebecor World. “We continue to make the necessary investments in process, people and equipment as we work towards our stated goal of exiting creditor protection as a strong participant in our industry.”
This investment will strengthen and complement Quebecor World’s coast-to-coast rotogravure and offset retail printing platform. The new equipment will be positioned in strategic locations to best serve customer needs.
“We understand the changing needs of our customers and have kept close watch on what they need to be successful. Retail inserts continue to be one of the most effective ways to reach customers and drive in store traffic. This latest investment will provide our customers with an entirely new format capability to reduce paper consumption, shorten cycle time and reduce delivery costs,” said Brian Freschi, President Quebecor World Marketing Solutions Group.
Quebecor World has been a consistent leader as the only North American printer with 3.5 meter gravure and 72″ short cutoff retail offset platforms which already provide our customers with throughput and paper savings. Today’s leading retailers recognize the strength of our platform and this latest investment will provide our customers with a unique opportunity to stay ahead of the pack. The first of the new presses is expected to be operational in the third quarter of 2009.
“With commodity prices continuing to increase dramatically, our customers are under constant pressure to find creative ways to improve efficiency and increase revenue. This new equipment combined with our solution selling approach like Integrated Multichannel SolutionsTM will help our customers ensure the highest possible return on their marketing investment,” commented Mike Bloomfield Executive Vice President Quebecor World Marketing Solution Group.