Quebecor World France Renews Printing and Finishing Contracts
Montreal, Quebec, Canada, 07 May 2008 -– Quebecor World France today announced that it has renewed its printing and finishing contracts with Mondadori France and Prisma Presse to the end of 2009 and 2010, respectively. These renewal agreements are valued at aggregate sales of about EUR 50 million. The company also announced it has enhanced its partnership with Carrefour Group in 2008, due to a substantial increase in sales. The value of the new contract is estimated at EUR 17 million.
Under the new contract with Carrefour Group, Quebecor World France will increase its volume by approximately 20% by producing nearly 50% of the heliogravure advertising print volume purchased by Carrefour Group throughout Europe. The Carrefour Group is a world leader in the retail sector, and Quebecor World will print part of the advertising programs for the French, Belgian, and Spanish markets at its facilities in France and Belgium.
“The contract with Carrefour Group was made possible by our recent investment in two new 4.32 m presses at our Charleroi facility in Belgium. In addition to their speed, these high-performance presses offer advanced quality control systems. We are delighted that the Carrefour Group can benefit from this state-of-the-art technology,” said Yvan Lesniak, president of Quebecor World’s Franco-Belgian platform.
Quebecor World also renewed its printing and finishing contract with Mondadori France for the Télé Star title up to the end of 2009, and made another agreement with Prisma Presse for the Gala, Voici, and VSD titles up to the end of 2010. The Mondadori and Prisma Presse companies are both major magazine publishers and rank among the top five publishers in France.
Over the past 12 months Quebecor World’s Franco-Belgian platform has renewed most of its long-term contracts, thus increasing the share of its contract sales to over 50% of its business.
Quebecor World Inc. (TSX: IQW) is a world leader in providing high-value, complete marketing and advertising solutions to leading retailers, catalogers, branded-goods companies, and other businesses with marketing and advertising activities, as well as complete, full-service print solutions for publishers. The company is a market leader in most of its major product categories, which include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics, mail list technologies, and other value-added services. Quebecor World has approximately 28,000 employees working in more than 115 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, and Switzerland.
Web address: www.quebecorworld.com