ALPRINT TO INVEST IN NEW PRODUCTION MACHINERY
ALMA MEDIA CORP. Stock Exchange Bulletin, 27 April 1998, 3.00 pm ALPRINT TO INVEST IN NEW PRODUCTION MACHINERY Alprint will initiate a three-year investment programme aimed at securing its competitive efficiency well into the next millenium. The programme includes renewal of the newspaper rotation press in Kaivoksela, modernization of the Magazine Printing Groups production machinery, and an evaluation to establish the feasibility of beginning production in Russia. The FIM 250 million programme will be financed by cash flow from operations. Alprint Oy, the printing and graphic services division of Alma Media Corporation, will begin far-reaching modernization of its production machinery to secure its competitive position as Finlands leading provider of printing services well into the next millenium. The largest item in the programme will be the replacement of the Kaivoksela newspaper rotation press with a new combination press. The new combination press at Kaivoksela will be able to print a 64- page broadsheet newspaper in four colours either entirely on conventional newsprint or with 32 of the pages printed on high- quality magazine grade paper. The corresponding tabloid sizes are 128 and 64 pages. Besides newspaper printing, this press is also ideally suited to printing magazines and a wide range of promotional products. It will replace the existing hybrid newspaper rotation press brought into operation in 1980. This investment, including construction work, will cost altogether roughly FIM 140 million, spread over the next two years. It will meet the increasing need for full four-colour printing experienced by Alprints domestic and international customers as well as their own development needs. The second part of the investment programme involves modernization and upgrading of Alprint Magazine Printing Groups existing machinery to meet the competitive demands of the next millenium. These investments will total approximately FIM 90 million and will be put into effect between 1998 and 2000. Alprint will also evaluate the feasibility of beginning production in Russia by the end of the year. According to Mr Risto Takala, President of Alprint Oy, the aim of this wide-ranging modernization programme is to secure Alprints competitiveness and position as the leading printing services provider to publishers and customers of promotional products without introducing new capacity to the market. The programme, comprising several subprojects, will be put into effect over the following three years and consequently can be financed through Alprints cash flow without increasing debt. Alprints decision to evaluate the possibilities to expand into Russia is based on the rapid growth of this market, Alprints visibility in the market and the need to maintain its established position, Mr Takala stated. The final model for starting production in Russia will be decided upon when further evaluations are completed this year. The purpose of the decision now taken, Mr Takala continued, is to signal Alprints intention to take a pioneering stance in this new and growing market. Further information: Mr Risto Takala, President, Alprint Oy, tel. +358-9-507 8500 ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporation Communications Distribution: Helsinki Stock Exchange Principal Media
- Date: 27.4.1998, 08:00
- News type: Stock exchange release
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