Quebecor World Announces Plans to Sell Torcy, France Facility
Press release from the issuing company
MONTREAL--Feb. 25, 2005-- Quebecor World Inc. intends to sell its facility in Torcy, France to a group led by local management. Quebecor World has informed the appropriate French authorities and its employees representatives.
This transaction is part of Quebecor World's plan to reorganize and improve efficiency in its French offset platform. Quebecor World remains committed to the French market as evidenced by its recent decision to purchase an additional wide-web press for its facility at Mary-sur-Marne.
Terms and conditions of the sale of the Torcy facility will be completed after a period of consultation with the appropriate authorities. Quebecor World does not anticipate incurring any restructuring charges as a result of this transaction.
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