Transcontinental Inc.
HOW OFTEN does a 12-year-old have a strong sense of what he/she wants to become in life? Even most 22-year-olds haven't a clue as to what their future holds. Well, Ralph Pontillo knew. Roughly 46 years ago, he stepped into a printing shop as a seventh grader and found his destiny staring right back at him. Call it focus, call it motivation, call it determination. It doesn't matter.
A total of seven exceptional printing and production executives will be inducted into the Printing Impressions/Rochester Institute of Technology Printing Industry Hall of Fame and the Publishing Executive Hall of Fame.
Printing Impressions' Upfront commercial printing industry news for August 2008.
Transcontinental Inc. is selling its Transcontinental Miami Valley printing facility to a company controlled by Ralph Pontillo. The transaction ensures the future of the plant, which specializes in insert printing for local retailers.
MONTREAL—Transcontinental Inc. has ordered four triple-wide versions of the KBA Commander CT newspaper press from Koenig & Bauer AG (KBA) for plants in Toronto, Calgary and Vancouver. The four presses will have a total of 16 towers, four single and two double folders and six heatset dryers. Installation of all four presses will start in the first quarter of 2010.
The printer also signed two new financing agreements for a total of C$135 million. One of these is a five-year term loan of C$50 million arranged with the Société générale de financement du Québec. The other is with HypoVereinsbank, a major European bank, for six-year financing of C$85 million, which will be used to buy production equipment over the next two years.
Transcontinental has also obtained an additional C$25 million in the one-year credit facilities recently arranged with its bank syndicate. This new amount is in addition to the C$125 million previously announced. This gives Transcontinental an extra buffer in the management of its capital expenditures, working capital and other specific needs.
Transcontinental, the largest print corporation in Canada and the sixth largest in North America, has ordered four triple-wide versions of the ultra-compact KBA Commander CT for plants in Toronto, Calgary and Vancouver. It is one of the biggest newspaper or semi-commercial contracts Koenig & Bauer AG (KBA) has received in recent years.
Transcontinental Inc. announced today that it is selling its Transcontinental Miami Valley, a printing plant specialized in insert printing for local retailers, to a company controlled by Ralph Pontillo. The transaction secures the future of the plant in Fairborn, to the benefit of its employees, loyal customers and the local community.
Printing Impressions' Commercial Printing Supplier News for May 2009
INDUSTRY POWERHOUSE Susan Kelly, CEO of San Ramon, CA-based K/P Corp., has been tapped as one of the keynote speakers at Offset and Beyond 2009. Kelly’s name is recognized throughout the printing industry as a veteran printing exec who formerly worked for RR Donnelley, Pitney Bowes and Gannett. She is also the founder of Raine Media, which was acquired by K/P Corp. in 2004. As the 2005 recipient of Printing Industries of America’s Naomi Berber Award, Kelly was honored for the many major contributions she has made throughout her career to the graphic communications industry.
AS YOU are probably aware, more than 3.6 million Americans have lost their jobs since the onslaught of the recession, nearly half of those in the last three months alone. In January, the U.S. unemployment rate reached 7.6 percent, which is the highest level since 1992.