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Quebecor Announces Expansion In Iowa to Serve the Educational Book Market

Friday, August 08, 2003

Press release from the issuing company

MONTREAL--Aug. 7, 2003-- Quebecor World Inc. announced plans to implement the second phase of the expansion of its Dubuque, Iowa facility. This $13 million investment completes a total $19 million investment in the Dubuque facility over an 18-month period and significantly strengthens Quebecor World's ability to compete in the educational book market. "This is a market that Quebecor World has identified as having strong potential for future growth. We believe the demographics and product dynamics will continue to generate increased opportunities over the years," stated David Boles, Chief Operating Officer, Quebecor World North America. "Our customers have indicated that an investment in a specialized facility is the correct approach to capturing this market." With the completion of the phase II expansion, Quebecor World Dubuque will be a state-of-the-art facility dedicated to the production of hardcover and paperback textbooks. The overall expansion plan includes new presses, sewing and in-line binding, and casing-in capacity. This will substantially increase the Dubuque facility's capacity and make it an extremely efficient producer of elementary, secondary and higher education textbooks. "We recognize that a facility dedicated to the education market will allow us to best meet the needs of our customers," stated John Bertuccini, President, Book & Directory Publishing Services, Quebecor World North America. "We will continue to invest and realign our platform to offer specialized solutions to help educational publishers compete in the marketplace." This investment is being made to support the expanding business recently awarded by publishers in the education sector. Quebecor World expects Phase II to be completed by the middle of the second quarter, 2004.




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