Quebecor Continues Expansion of Platform for Producing Retail Inserts
Press release from the issuing company
GREENWICH, Conn.--May 13, 2002--Quebecor World Inc., the global leader in the commercial print media industry announced today its plans to open a new retail offset production facility in Riverside, California. This new facility is part of the company's strategic growth initiative to provide the industry's most flexible and competitive North American manufacturing platform for the mass-production of retailers' inserts and mailers.
This plant will focus on the retail market and will significantly strengthen Quebecor World's presence on the West Coast. Furthermore, it will provide enhanced service to the large Southern California market, which represents approximately 50% of the West Coast's daily and Sunday newspaper circulation.
The 196,000 square foot Riverside facility will initially be equipped with 7 web offset heatset presses, with the potential for additional expansion. Start-up of the first three presses is planned for the fourth quarter of 2002, with the remaining four presses to be installed during the first quarter of 2003.
David Boles, President, Quebecor World's Retail and Sunday Magazine Group stated, "In conjunction with our other western retail facilities in Arizona, California, Nevada, British Columbia, and Alberta, Riverside will provide Quebecor World with the ability to service any retailer requiring circulation on the West Coast. Combined with the rest of our national gravure and offset capabilities, our unparalleled network of retail plants allows us to maximize both production and distribution efficiencies for our customers."
Additionally, 50,000 square feet of the Riverside facility will be designated for the newest Quebecor World Logistics consolidation facility, which will enhance Quebecor World's distribution capabilities in Southern California and Arizona. Dan Scapin, President of Quebecor World Logistics, stated, "This state of the art facility will utilize all of QWL's latest technology to provide our customers with time-definite delivery of mail, retail inserts, magazines, books, and commercial products and help maintain QWL's leadership in print distribution." Riverside is the cornerstone of QWL's expansion of its consolidation network into the West Coast, which is anticipated to include the addition of facilities in the Pacific North West.
Riverside, California was selected as the site for the new plant based upon its strategic location, as well as the favorable economic development incentives provided by the municipality. Kevin Palmer, at the Riverside Economic Development Agency said, "We are delighted to have Quebecor World elect to start a new manufacturing plant here in Riverside, and anticipate a positive impact on our local economy. They represent the exact kind of business partners that we want to attract."
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