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Quebecor World gets $900 million Yellow Book deal

Wednesday, August 03, 2005

Press release from the issuing company

MONTREAL & UNIONDALE, N.Y.--Aug. 2, 2005-- Quebecor World Inc. and Yellow Book USA, part of Yell Group plc, today announced the signing of a multi-year contract for the printing of Yellow Book's yellow pages directories. Yellow Book is one of the largest US directory publishers in terms of printed volume and this agreement is believed to be one of the largest ever signed between a printer and a directory publisher. The contract, which runs through 2017, is anticipated to be in the amount of approximately $900 million over its term and will involve the printing of more than a trillion pages on paper containing recycled content. It extends and expands the existing relationship between the two companies. Quebecor World will increase its production for Yellow Book from just over one third of its volume at present to all of it by 2007 and will expand its North American directory printing network capacity to service the new volume. "Quebecor World's unique global network and its creative, distributed manufacturing solutions will allow both firms to generate significant supply chain efficiencies," said Joe Walsh, President and Chief Executive Officer of Yellow Book USA. "Their commitment to expand capacity to support our rapid ongoing growth is compelling." "At Quebecor World we are committed to investing in the leading edge technologies necessary to provide our customers with a competitive edge in their marketplace," commented Pierre Karl Peladeau, President and Chief Executive Officer, Quebecor World Inc. He added, "This long term, enabling contract supports just such an investment." "We are very pleased that Yellow Book has recognized the value we can bring to their business," said Kevin Clarke, President, Quebecor World's U.S. Book and Directory Services. "No other supplier can better support a publisher with premium products produced more rapidly and closer to their markets."

 

 

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