News Corporation to Buy 20 Presses from MAN Roland
Press release from the issuing company
LONDON--Oct. 12, 2004-- News Corporation today announced a significant investment in News International Limited, with the expenditure over the next four to five years of more than GBP 600million on new printing plants.
News International, which publishes The Sun, the News of the World, The Times, The Sunday Times and the TSL Education supplements, will acquire state-of-the-art full-colour printing presses and build new production plants in Enfield, north of London, Glasgow, and Knowsley, close to Liverpool.
Rupert Murdoch, chairman and chief executive of News Corporation, said: "News International is Britain's leading national newspaper publisher, producing some of the greatest newspapers in the world. At News Corporation we have always been a long-term investor at the forefront of technological innovation. This exciting new project demonstrates again our absolute commitment to the future of print."
Les Hinton, executive chairman of News International, said: "This will ensure News International maintains its leading position in the national newspaper industry. The new presses will provide colour on every page, bringing advantages to both advertisers and editorial.
"This is a long-range project taking more than four years to complete. Over this period inevitably there will be job changes and losses as the new automated technology comes on line. There will be no impact on jobs for at least two years and, wherever possible, reductions will be achieved through voluntary redundancy."
"When this project is complete our newspapers will be unsurpassed in the quality of their printing and the speed and efficiency with which we produce them."
Twenty two new presses will be acquired from MAN Roland. Each press will comprise five Printing Towers equipped with eight printing couples per Tower and will be capable of running 120 pages of full colour with a press out-put of 86,000 copies per hour.
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