Hamburg (ots) - Gruner + Jahr's American offset printing
subsidiary, the Brown Printing Company (BPC) is celebrating its 50th
anniversary on July 13 in Waseca, Minnesota. In the lead-up to the
anniversary, the G+J executive board has approved a $38 million
investment in expanding the BPC plant in Woodstock, Illinois, to
increase BPC?s capacity. The money will be used among other things to
buy a two-web 64-page offset rotation printer, an adhesive binder, a
gang-stitcher and a new building annex. The new production facilities
are scheduled to take up operation in summer 2008.
G+J had invested $55 million in expanding the printing capacity in
Waseca as recently as 2005.
Dr. Bernd Kundrun, CEO Gruner + Jahr: "Our Woodstock investment
strengthens the competitiveness of our successful Brown Printing
subsidiary. BPC has delivered an excellent operating performance for
years, generating solid profits in the process. The printing business
continues to play an important role in the Gruner + Jahr portfolio,
both in the U.S. and in Europe, with our stake in PRINOVIS."
In 2006, BPC generated $400 million in revenues with its 2,600
employees at plants in Waseca (Minnesota), Woodstock (Illinois) and
East Greenville (Pennsylvania). BPC is currently the fourth-largest
magazine and catalog printer in the U.S. market; its client list
includes Time Inc., Meridith, Bauer and Ikea.
Vice President/Media Relations
Phone: 040 / 3703 2244
Original-Content von: Gruner + Jahr GmbH & Co KG, übermittelt durch news aktuell