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Beijing based Economic Daily Newspaper Group invests in Goss Global Newsliner technology

Press release from the issuing company

May 23rd, 2005 – One of the leading national newspaper publishing groups in China - The Economic Daily Newspaper Group - has placed an order for a Goss Global Newsliner press to meet the requirement for increased printing capacity at its facility in Beijing. Mr. Xu Hai Fan, General Secretary of the Economic Daily and head of the Economic Daily Printing Center comments, “This order represents our 7th press order with Goss. Continual business growth and increased capacity requirements have prompted us to invest not only in the highly productive new Goss Global Newsliner press, but also in our facility. The press will be installed in a new larger printing center and will print our high quality newspaper products.” The Economic Daily Printing Center produces over 3 million daily broadsheet copies. The Group’s main title, The Economic Daily, is one of the most prestigious national newspapers in China. It also publishes 14 other titles and contract prints the Beijing Youth Daily - the fastest growing newspaper in China, Beijing Evening News and the Xinbao News. The new shaftless Goss Global Newsliner 75,000 copies per hour press will be configured as two four-high towers with two CT50P reelstands and one 3:2 rotary folder. It is capable of printing 16 pages broadsheet or 32 pages tabloid straight, or 32 pages broadsheet or 64 pages tabloid in collect mode. The Goss Newsliner press series has been designed to produce excellent print quality and to provide maximum modularity. In combination with the high capacity Goss 3:2 rotary folder or jaw folder, it offers fast production for high-pagination products. Continual development of the product family has resulted in the Goss Global Newsliner 90 now being rated at speeds of up to 90,000 copies per hour. Seiji Kato, Vice President of Goss International and General Manager of Goss Graphic Systems Japan Corporation, confirms, “With the Global Newsliner, we have a press that combines extremely high performance with maximum flexibility, automation and superb quality.” The Economic Daily also owns two Goss Universal 70 presses, two Goss Universal 45 presses with heatset capability for semi-commercial printing, two Goss Urbanite presses and three Goss Community presses. As part of the expansion plan, a new Goss Community press supplied by Shanghai Goss is also being added to the new Economic Daily Printing Center. Mr. Xu Hai Fan concludes, “A whole range of printed products can be produced on the Goss presses we currently have, both economically and efficiently. We continue to expand our production facilities with Goss products that offer us complete flexibility, total reliability and most of all superior product quality. This latest addition will allow us to extend the range of services we can offer our client base while equipping our new facility with the latest in newspaper technology.”