Quebecor World Inc.

Quebecor World Inc.

August 02, 2005 10:44 ET

Quebecor World and Yellow Book USA Sign $900 Million Directory Printing Contract: One of the World's Largest Directory Printing Agreements

MONTREAL, CANADA and UNIONDALE, NEW YORK--(CCNMatthews - Aug. 2, 2005) - Quebecor World Inc. (TSX:IQW.SV)(NYSE:IQW) and Yellow Book USA, part of Yell Group plc, today announced the signing of a multi-year contract for the printing of Yellow Book's yellow pages directories. Yellow Book is one of the largest US directory publishers in terms of printed volume and this agreement is believed to be one of the largest ever signed between a printer and a directory publisher.

The contract, which runs through 2017, is anticipated to be in the amount of approximately $900 million over its term and will involve the printing of more than a trillion pages on paper containing recycled content. It extends and expands the existing relationship between the two companies. Quebecor World will increase its production for Yellow Book from just over one third of its volume at present to all of it by 2007 and will expand its North American directory printing network capacity to service the new volume.

"Quebecor World's unique global network and its creative, distributed manufacturing solutions will allow both firms to generate significant supply chain efficiencies," said Joe Walsh, President and Chief Executive Officer of Yellow Book USA. "Their commitment to expand capacity to support our rapid ongoing growth is compelling."

"At Quebecor World we are committed to investing in the leading edge technologies necessary to provide our customers with a competitive edge in their marketplace," commented Pierre Karl Peladeau, President and Chief Executive Officer, Quebecor World Inc. He added, "This long term, enabling contract supports just such an investment."

"We are very pleased that Yellow Book has recognized the value we can bring to their business," said Kevin Clarke, President, Quebecor World's U.S. Book and Directory Services. "No other supplier can better support a publisher with premium products produced more rapidly and closer to their markets."

About Yellow Book USA:

Established in 1930, Yellow Book USA is the oldest and largest independent yellow pages publisher in the nation. In recent years, Yellow Book has made a number of strategic acquisitions and entered scores of new markets. With the recent acquisition of TransWestern Publishing, Yellow Book will publish approximately 900 directories in 46 states, plus the District of Columbia with a distribution of over 100 million directories.

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About Quebecor World Inc:

Quebecor World Inc. (NYSE:IQW, TSX:IQW.SV) is one of the largest commercial printers in the world. It is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, specialty printing and direct mail, directories, digital pre-media, logistics, mail list technologies and other value added services. The Company has approximately 35,000 employees working in more than 160 printing and related facilities in the United States, Canada, Brazil, France, the United Kingdom, Belgium, Spain, Austria, Sweden, Switzerland, Finland, Chile, Argentina, Peru, Colombia, Mexico and India.

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Contact Information

  • Quebecor World Inc.
    Philippe Cloutier
    Director, Finance and Investor Relations
    (514) 877-5147
    (800) 567-7070
    Quebecor World Inc.
    Tony Ross
    Director, Communications
    (514) 877-5317
    (800) 567-7070
    Sloane & Company
    On behalf of Yellow Book USA
    John Hartz
    (212) 446-1872