Quad/Graphics Soon To Be Colombia's Top Commercial Printer
Installation of Highly Productive Press Expands Printer's Magazine, Catalog and Retail Insert Offering for Clients Throughout Latin America
BOGOTÁ, Colombia--(BUSINESS WIRE)-- Quad/Graphics-Bogotá will become Colombia's largest commercial printer in terms of production capacity after it installs a new, highly productive 64-page web offset press this year.
Designed for high-quality, high-page-count print work, the single-web Goss Sunday 4000 will be the largest, fastest offset press in Colombia, capable of printing up to 64 pages with each rotation of its printing cylinders. The press, scheduled to start up in the second half of July, will allow the printer to greatly expand its production of magazines, catalogs and retail inserts for customers in Colombia and other Latin American nations, according to Tony Scaringi, Quad/Graphics' President & General Manager of Latin America.
"Colombia's economy continues to grow and this new press will enable Quad/Graphics to quickly meet the print needs of marketers, retailers and publishers who are also growing in Colombia," Scaringi said, noting the nation's Gross Domestic Product increased by a better-than-expected 4 percent in 2012. "No other press in Colombia can match its speed and quality."
In addition to magazines, catalogs and retail inserts, the versatile press is well-suited for printing books and telephone directories. It will also allow the Bogotá plant to increase exports to Central American nations and the Caribbean. Installation will begin in May and be completed in the July.
"Our business objective is to become the printer of choice in Latin America, and this new, highly productive press for our Bogotá plant represents another huge step toward achieving that goal," Scaringi said. "We will be better positioned than any other printer to deliver value in the Colombian market and throughout Latin America with our network of integrated plants operated under the direction of a single, unified management team."
In addition to Colombia, Quad/Graphics other state-of-the-art printing plants in Latin America include Mexico, Argentina, Brazil, Chile and Peru.
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results, financial condition, goals, strategies, revenue, earnings, free cash flow, margins, prospects and/or outlook and are indicated by words or phrases such as "anticipate," "estimate," "expect," "project," "believe" and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control.
The factors that could cause actual results to materially differ include, among others: the impact of significant overcapacity in the highly competitive commercial printing industry, which creates downward pricing pressure and fluctuating demand for printing services; the inability of the Company to reduce costs and improve operating efficiency rapidly enough to meet market conditions; the impact of electronic media and similar technological changes including digital substitution by consumers; the impact of changing future economic conditions; the failure to renew long-term contracts with clients on favorable terms or at all; the failure of clients to perform under long-term contracts due to financial or other reasons or due to client consolidation; the failure to successfully identify, manage, complete and integrate acquisitions and investments, including the integration of the operations of Vertis Holdings, Inc.; the impact of changes in postal rates, service levels or regulations; the impact of fluctuations in costs and the availability of raw materials; the impact of increased business complexity as a result of the Company's entry into additional markets; the impact of regulatory matters and legislative developments or changes in laws, including changes in privacy and environmental laws; the ability of the Company to make the significant capital expenditures needed to remain technologically and economically competitive; the impact on Quad/Graphics class A common shareholders of a limited active market for Quad/Graphics common stock and the inability to independently elect directors or control decisions due to the class B common stock voting rights; and the other risk factors identified in the Company's most recent Annual Report on Form 10-K, as such may be amended or supplemented by subsequent Quarterly Reports on Form 10-Q or other reports filed with the Securities and Exchange Commission.
Except as required by the federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Quad/Graphics (NYS: QUAD) , a leading global printer and media channel integrator, is redefining print in today's multichannel media world by helping marketers and publishers capitalize on print's ability to complement and connect with other media channels. With consultative ideas, worldwide capabilities, leading-edge technology and single-source simplicity, Quad/Graphics has the resources and knowledge to help its clients maximize the revenue they derive from their marketing spend through channel integration, and minimize their total cost of production and distribution through a fully integrated national distribution network. The Company provides a diverse range of print solutions, media solutions and logistics services from multiple locations throughout North America, Latin America and Europe.
Quad/Graphics-Bogotá and Quad/Graphics-Lima
Pedro Isasi, General Manager
Claire Ho, Director of Corporate Communications
Kelly Vanderboom, Vice President & Treasurer
KEYWORDS: United States North America South America Canada Colombia Wisconsin
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