Quebecor World Inc.
NYSE : IQW
TSX : IQW

Quebecor World Inc.

November 08, 2006 16:04 ET

Quebecor World Tranforms U.S. Catalog Platform to Further Enhance Customer Value

MONTREAL, CANADA--(CCNMatthews - Nov. 8, 2006) - Quebecor World Inc.(TSX:IQW)(NYSE:IQW), today announced a transformation plan for its U.S. Catalog Platform to create the highest value for its customers and to better position the company for future success in this important growth segment.

Quebecor World's 2007 Catalog transformation plan is based on the following principles:

- Provide customers with a total print solution, before during and after print, encompassing premedia, mail list technologies, printing, logistics and interactive services

- Provide customers with a coast-to-coast, state-of-the-art catalog platform

- Consolidate the platform into more efficient facilities

- Further automate facilities to provide the latest in press and bindery technology

The Catalog transformation plan includes important investments in new press and bindery technology as well as the relocation of existing assets to Quebecor World's facilities in Jonesboro, AR, Merced, CA and Corinth, MS. Central to the plan is the transformation of the Corinth plant into a dual-process, premier rotogravure and offset catalog facility. Corinth has a long, rich history and a dedicated, experienced workforce with a track record of printing many high quality titles. Quebecor World will be installing additional gravure, offset and bindery equipment to expand and improve the facilities' capabilities to provide complete print solutions to retailers and branded goods companies who employ catalogs as one of their important sales and marketing tools.

"Catalog customers are demanding shorter cycle times, quality products, timely delivery and the efficient use of raw materials. This transformation plan will deliver complete print solutions to our customers as well as provide scale to reduce cycle times and maximize distribution savings by utilizing state-of-the-art equipment to reduce paper waste while producing a high quality product faster than ever before," said Brian Freschi.

Quebecor World's coast-to-coast catalog platform enables it to create additional value for its customers and shareholders by:

- Providing innovative ways to design, produce and deliver a catalog that gets attention, attracts and retains consumers, communicates a brand consistently across multiple channels and drives revenues

- Maximizing asset utilization and increase efficiency provide customers access to the most efficient catalog production platform in the marketplace

- Printing both rotogravure and offset in the same location

- Driving postal discounts through economies of scale and strategic co-mail and value-added logistics solutions

The transformation plan will result in the closing of a printing facility in Elk Grove Village, IL and a bindery facility in Bensenville, IL. This will affect approximately 400 employee positions. Current customer volume will be transferred within strategically located plants in Quebecor World's catalog platform and is being coordinated with our customers through their normal sales representation. The closures are expected to be completed during the first quarter of 2007. The Company expects to create an additional 75 employee positions at its other facilities to accommodate additional volume.

Quebecor World is the leading catalog printer in North America and has long-term partnerships with the world's most successful retailers and branded goods companies that use catalogs to market and sell their products as well as drive traffic to their retail stores and websites.

This press release includes "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of the Company, may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that theses expectations will prove to have been correct. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business.

Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements. For more information on the risks, uncertainties and assumptions that could cause the Company's results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com, www.sec.gov and www.quebecorworld.com. In particular, further details and descriptions of these and other factors are disclosed in the "Risks and Uncertainties" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2005, and the "Risk Factors" section of the Company's Annual Information Form for the year ended December 31, 2005.

The forward-looking statements in this press release reflect the Company's expectations as of November 8, 2006 and are subject to change after this date. The Company expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by the applicable securities laws.

Quebecor World Inc. (NYSE:IQW, TSX:IQW) is a world leader in providing high-value, complete print solutions to leading publishers, retailers, catalogers and other businesses with marketing and advertising activities. It is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, direct mail, directories, digital pre-media, logistics, mail list technologies and other value added services. Quebecor World has approximately 29,000 employees working in more than 120 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland and the United Kingdom.

Web address: www.quebecorworld.com

Contact Information

  • Quebecor World Inc.
    Tony Ross
    Director, Communications
    514-877-5317
    800-567-7070
    or
    Quebecor World Inc.
    Roland Ribotti
    Senior Director, Investor Relations and Assistant-Treasurer
    514-877-5143
    800-567-7070