2005 Market outlook Printers in Full Court Press

This approach enables us to put the most advanced capabilities in the industry at our clients' disposal, while providing high-quality printing at a low unit cost—a must in today's marketplace. To that end, Quad/Graphics' recent purchases—we're spending more than $200 million on 10 new 64-page presses, six perfect binders, four saddlestitchers and five polywrappers—will be used to replace a large number of older, less-efficient pieces of equipment.