Quebecor World Inc.
GOVERNOR KAINE ANNOUNCES QUEBECOR WORLD EXPANSION IN FREDERICK COUNTY
-Company to invest $35.2 million and create 30 jobs-
RICHMOND - Governor Timothy M. Kaine today announced that marketing and advertising company Quebecor World Inc. will invest $35.2 million to expand in Frederick County. As the recipient of two new printing presses that will increase production capability, the Frederick County operation will retain 150 existing jobs and create 30 new positions. Virginia successfully competed with Pennsylvania and Tennessee for the project.
Governor Kaine met with Quebecor World senior management during a 2006 marketing mission to Montreal.
“Quebecor World has thrived in Frederick County for two decades,” Governor Kaine said. “It speaks volumes that the company’s Virginia operations were chosen for this expansion and increase in production. I am confident that Quebecor World will enjoy continued success in the Commonwealth.”
Quebecor World Inc. provides marketing and advertising solutions to retailers, catalogers, branded-goods companies, and other businesses. The company also offers full-service print solutions for publishers and is a market leader in most of its major product categories, including advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics, and mail list technologies. With approximately 20,000 employees worldwide, Quebecor World operates nearly 90 printing and related facilities in the United States, Canada, Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
“This investment is another clear demonstration of our commitment to provide our customers with the most flexible and efficient platform available in the retail market today,” said Jacques Mallette, President and CEO of Quebecor World. “We are very pleased to be able to partner with the state of Virginia in this endeavor. This new equipment is strategically located to serve our customers and ensure they receive the highest return on their marketing investment.”
The Virginia Economic Development Partnership worked with Frederick County to secure the project for Virginia. Governor Kaine approved a $300,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
“This is another example to show that Frederick County remains a highly attractive place for businesses to locate,” said Richard Shickle, Chairman of the Frederick County Board of Supervisors. “What motivates a company like Quebecor World to come and stay here is Frederick County’s diverse business community, proven commitment to long term business growth and strong quality of life.”