ALPRINTS LAUTTASAARI SHEET PRINTING WORKS SOLD TO MANAGEMENT
ALMA MEDIA CORPORATION STOCK EXCHANGE BULLETIN 2 OCTOBER 2000, AT 10.30 (EET) ALPRINTS LAUTTASAARI SHEET PRINTING WORKS SOLD TO MANAGEMENT Alprint has sold its sheet printing works in Lauttasaari, Helsinki, to the units operative management. The unit, with some 20 employees, had net sales of FIM 15 million in 1999. The divestment is in line with Alprints strategy, endorsed by Alma Media, which calls for concentration on printing of A4 heatset products and on offering pre- press services. Alprint has sold its sheet printing works in Lauttasaari, Helsinki, to the units operative management as a management buyout deal. The press, which specialises in sales promotional products, has about 20 employees and generated net sales of FIM 15 million in 1999. The unit has three sheet printing presses. The divestment will have a slightly positive impact on Alprints operating profit this year. The deal follows Alma Medias strategy for its printing operations, endorsed this year. Newspaper printing will henceforth be part of Alpresss newspaper production chain, while Alprint will focus in the future on printing heatset products in A4 format for publishers and advertisers outside the Group. The Alprint printing works in Tampere, Pori, Rovaniemi and Kajaani will be transferred to Alpress at the end of the year. Alprint will be responsible for sales of all the Groups printed products to customers outside the company. It will also provide the pre-press and digital material management services required by all the Groups presses. Alprint decided to cancel the FIM 140 million replacement of its hybrid newspaper printing press in Vantaa earlier this year. As a result of this decision the Kaivoksela printing works will be closed at the end of the year and Alprint will cease hybrid newspaper printing. Alprints heatset production will now be concentrated in the Rahola printing works. This unit was expanded in spring 2000 and a new 48- page heatset rotation press was started up in May. During the summer Alprint closed its heatset units in Pori and Vantaa and moved these units presses to Rahola. This makes the Rahola unit the most modern printing works in the Nordic countries in terms of both printing presses, post-press equipment and mailing systems. It will reach full production in its new role by the end of the current year. Its production capacity has an annual sales value of over FIM 400 million. Alprint, with some 600 employees, is expected to generate net sales next year totalling about FIM 550 million. The streamlining measures will improve its profitability dramatically. The printing unit transfers within the Alma Media Group will have no effect on relationships with external customers or customer service, says Mr Risto Takala, President of Alprint. Alprints sales and customer service staff are responsible for all Alma Medias printing and pre-press services. Within the Group, however, the new arrangements will improve cost-effciency by enabling the Groups newspapers to take greater advantage of the current overcapacity in newspaper printing in Finland. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Communications and Investor Relations Distribution: Helsinki Exchanges, principal media
- Date: 2.10.2000, 08:00
- News type: Stock exchange release
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