Transcontinental invests $25 Million in its Saint-Hyacinthe printing plant
Press release from the issuing company
MONTREAL, June 7 -- Transcontinental announced today that it is investing $25 million in its Saint-Hyacinthe printing plant, located 60 kilometres from Montreal. The investment includes the addition of state-of- the- art Web press technology -- a 8-unit KBA press and related peripheral equipment - and an extra 22,500 square feet added to the building, bringing the plant's total area to 142,500 square feet. It also includes modifications to the building structure to accommodate the new press, which will start operating in the spring of 2007. Transcontinental Saint-Hyacinthe specializes in flyer and insert printing, employs about 250 people and has annual revenues of around $100 million. With its sister plants in Brampton, Ontario and in Calgary, Halifax and Vancouver, it forms the biggest retail printing product and service network in Canada and serves the industry's major leaders.
"This investment reflects the growth in our flyer and insert activities for major national chains as well as non-traditional and highly specialized advertisers," said Luc Desjardins, president and chief executive officer of Transcontinental Inc. "In addition to making us more efficient, the new press will increase our capacity and flexibility during peak periods. For Transcontinental, it's also a mark of our great confidence in our employees and in the community of Saint-Hyacinthe as a place to do business."
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