Quebecor World Announces Investment in Wide-Web Offset Presses for Corby, UK Facility
Press release from the issuing company
MONTREAL--Feb. 23, 2006-- Quebecor World Inc. is pleased to announce a major investment program for its Corby facility in the United Kingdom. The investment plan includes the installation of two state-of-the-art KBA 818 72-page presses equipped with the latest technology which will improve efficiency and further enhance customer service.
"This investment will allow the Corby facility to capitalise on the vibrant magazine and retail insert market in the United Kingdom and underlines the Company's position as a leading web-offset printer in the UK," said Andrew Parker, Managing Director, Quebecor World Corby.
The new wide-web presses will benefit from leading-edge technology. These new presses will run faster and deliver greater throughput than other wide-web presses in the market today. The presses will also be equipped with the latest automated systems to provide maximum efficiency and the highest level of quality for our customers. The first press is expected to be operational in latter half of the third quarter of 2006.
The investment is part of Quebecor World's previously announced European investment plan and follows successful negotiations with the employees' representatives that will bring the facility's costs inline with market improving its competitive position in today's challenging marketplace.
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