Quad/Graphics Secures $1 Billion in Long-Term Contracts in 2002
Press release from the issuing company
PEWAUKEE, Wis.--Jan. 16, 2003--Undeterred by corporate and economic challenges, Quad/Graphics ended the year 2002 having secured a total of $1 billion in new and renewed long-term contracts.
"Certainly 2002 was a year of changes and challenges, but it was also a year of opportunities, and we seized every opportunity to extend relationships with existing customers while extending our services to new ones," said Thomas A. Quadracci, President and CEO of Quad/Graphics - the world's largest privately held printer of magazines, catalogs and commercial products.
Mr. Quadracci credited the company's stellar year to the company's progressive print-production and customer service capabilities, which are fully integrated across the company's network of production facilities. By integrating its capabilities across people, processes and plants, the company has significantly expanded production options while contracting turnaround time.
"Quad/Graphics' singular approach to printing enables us to produce the highest quality products with more of the features our sophisticated clients want, in the least amount of time," Mr. Quadracci said. "In short, we have a manufacturing platform engineered for nimbleness, which has proved attractive to an increasing number of publishers and catalogers."
Among the publishers and catalogers with whom Quad/Graphics signed multi-year contracts in 2002 were Time Inc., U.S. News & World Report, Rodale Inc., Coldwater Creek, Smithsonian, Meredith Corporation, Pottery Barn Kids and Orvis.
The year 2002 was notable in other ways for Quad/Graphics. In November, the printer began production on the January 2003 issue of the world's best-recognized magazine, National Geographic, using brand new equipment in its Martinsburg, W. Va. plant. The January 2003 issue appeared on the newsstand January 7.
Pewaukee, Wis.-based Quad/Graphics (www.qg.com) employs 11,000 people in the United States and has annual sales of $1.8 billion.
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