Quebecor World Bolsters U.S. Platform

An order has been placed for 12 presses, to be commissioned in 2005 and 2006, which carry a price tag of about $165 million. The balance, to be delivered in 2006 and 2007, will also cost $165 million.

"During the last year and a half, we have made significant strides in reducing our cost base and putting our house in order," says Pierre Karl Peladeau, president and CEO of Quebecor World. "...we can confidently invest in our platform in a way that will provide maximum benefit to our customers and return for our shareholders."