Business News
Quebecor World Signs Multi Year Agreements with New and Existing Customers
Tuesday 12. February 2008 - Quebecor World Inc. (TSX: IQW) announced that during the last several weeks it has signed new and renewed multi-year agreements with important customers across all its major business groups. The value of these agreements is estimated at more than $75 million annually. This includes major publishers, retailers and direct marketers.
“These multi-year agreements clearly demonstrate that major publishers, retailers, and direct marketing companies recognize the value Quebecor World provides to their business”, said Jacques Mallette, President and CEO Quebecor World. “We appreciate the trust and commitment of our customers who continue to renew existing agreements and reward us with new work. This is due to the strength of our platform and the dedication of our employees across our network who consistently provide our customers with top-quality products, on-time delivery and exemplary customer service.”
Quebecor World expects to make additional announcements in the coming weeks with respect to new and renewed customer agreements. Today we are pleased to announce that Imagitas, Inc., an innovative marketing services company recently agreed to extend its partnership with Quebecor World. “Imagitas is one of Americas most inventive direct marketing services companies,” said Kevin J. Clarke, President of the Quebecor World Book and Directory Group. “They chose to renew and extend its agreement with Quebecor World because of our record of close collaboration in new product development and because of our consistent history of meeting critical delivery dates.”
Hughes R. Bakewell, Jr., President, Direct Marketing Solutions Division added, “We are pleased to be awarded this work by a company that is a clear leader in its field and look forward to building on our partnership in the years to come. Our relationship with Imagitas, Inc. exemplifies Quebecor Worlds commitment to creating the highest value for our clients.”
The Imagitas agreement covers products manufactured in Quebecor Worlds Book and Direct Mail facilities. Imagitas total contract and non-contract billings are valued at more than $50 million from 2008 through 2010.
In our Magazine Division, Quebecor World has been awarded a five-year agreement to print 100% of a nine-title portfolio of magazines published by Stamats Business Media of Cedar Rapids, Iowa. The titles include Archi-Tech, Buildings, Interiors & Sources and four regional editions of Meetings magazine.
In addition, Quebecor World received four new titles from F+W Publications a consumer hobby and enthusiast magazine and book publisher. The new titles are Scuba Diving, Deer & Deer Hunting, Turkey & Turkey Hunting, and Scrapbook Retailer and will be produced in Quebecor Worlds Lebanon, OH, Midland, MI, and St-Cloud, MN facilities.
In our U.S. Retail Insert and Catalog Division we have secured long-term renewals and new work from five customers valued at more than $55 million annually including Petco a leading supplier of pet products with 850 stores in 49 states.