R.R. Donnelley Further Expands into Chinese Market
Press release from the issuing company
CHICAGO, Jan. 31- R.R. Donnelley & Sons Company is expanding to further serve the Chinese marketplace through a partnership with the Shanghai Press and Publications Administration.
The two companies are announcing a joint venture agreement, recently approved by the Chinese government, to build a $30 million print manufacturing facility in Shanghai. R.R. Donnelley, the only Western commercial printer in China, will maintain 100-percent operating control and employ approximately 300 people. The new plant is currently under construction and will start operating later this year.
"This joint venture will provide new opportunities for Chinese publishers to develop their businesses and for Western publishers to expand into China. We will provide our full range of comprehensive and integrated communications services, from premedia to printing and logistics,'' said William L. Davis, chairman, president and chief executive officer, R.R. Donnelley.
R.R. Donnelley already has a 10-year history in China through its facility in Shenzhen, where it produces high quality telephone directories, books and magazines. It will produce the same products in the new facility, with expanded magazine publishing services.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.