Quebecor World Signs CDN $240 Million Deal With Rogers Publishing
Press release from the issuing company
MONTREAL--Nov. 21, 2002-- Quebecor World Inc. is pleased to announce it has signed a CDN $240 million new long-term agreement with Rogers Publishing. Under the terms of the agreement Quebecor World will print 100% of Rogers Publishing's magazines. Rogers is Canada's largest magazine publisher with 67 titles.
"We are very pleased to be building on our long-standing partnership with Rogers and we are proud they have the confidence in Quebecor World to make us their single source supplier for all their magazine titles," said Charles G. Cavell, President and CEO, Quebecor World Inc. "This is just one more example of Quebecor World's successful strategy of partnering with the leading players in all our business segments."
Rogers is a leading publisher of magazines in several categories including news, business, trade and women's publications. Some of Rogers better known titles include Chatelaine, Flare, Today's Parent, Macleans, L'actualite, Canadian Business and MoneySense.
"Quebecor World has consistently provided Rogers with the service, quality and flexibility we require to deliver the best product to our readers, " said Brian Segal, President and CEO, Rogers Publishing. "Our relationship with Quebecor World goes back many years and this new long-term agreement between two industry leaders guarantees it will continue for many years to come."
This new long-term contract forms a base that will allow both companies to investigate and develop new ways in which they can create new market strengths and new efficiencies that will advantage both partners.
The majority of the titles will be printed at Quebecor World's facilities in Aurora and Richmond Hill, Ontario. These facilities together represent the largest magazine/catalog platform in the Canadian marketplace.
Quebecor World Inc. is the largest commercial printer in the world. It is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, specialty printing and direct mail, directories, digital pre-media, logistics, mail list technologies and other value added services. Quebecor World Inc. has approximately 40,000 employees working in more than 160 printing and related facilities in the United States, Canada, Brazil, France, the United Kingdom, Belgium, Spain, Austria, Sweden, Switzerland, Finland, Chile, Argentina, Peru, Colombia, Mexico and India.
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