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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For FEBRUARY AND MARCH 2000
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QUEBECOR PRINTING INC.
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(Translation of Registrant's Name into English)
612 SAINT-JACQUES STREET, MONTREAL, QUEBEC, CANADA H3C 4M8
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(Address of Principal Executive Office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F)
Form 20-F Form 40-F X
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(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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PAGE 1 OF 13
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PRESS RELEASES OF
QUEBECOR PRINTING INC.
FILED IN THIS FORM 6-K
February 15, 2000
February 17, 2000 (#04/00)
March 22, 2000 (#05/00)
March 31, 2000 (#06/00)
April 4, 2000 (#07/00)
April 5, 2000 (#08/00)
PAGE 2 OF 13
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FOR IMMEDIATE RELEASE
FEBRUARY 15, 2000
[LOGO]
QUEBECOR WORLD
FOR FURTHER INFORMATION CONTACT:
ANN MARIE BUSHELL
VICE PRESIDENT, MARKETING
(212) 583-6528
QUEBECOR WORLD DIRECT ANNOUNCES PLANT EXPANSION
Quebecor World Direct announces the creation of a Midwest mega-facility in
Effingham, Illinois (formerly Quebecor Petty) that will provide a
comprehensive offering of direct response products and services in one
location. This mega-facility is intended to provide state of the art
technology that will support our clients with the highest level of quality,
service and products available.
"We are implementing our customer-based strategy with a focus on satisfying
our customers' requirements more comprehensively than ever before in this
industry," said Ronald Covelli, President of the Direct Group. "We have
listened to our customers, made acquisitions and invested heavily to develop
and enhance competencies unmatched in depth and scope. We will continue to
listen and remain on the cutting edge to create products and services
essential for our customers to succeed in their competitive environment. We
are enthusiastic and excited about the positive impact this will have for our
clients."
In addition to a multi-million dollar investment for complex in-line and
off-line finishing and imaging, this facility will be augmented with
equipment and personnel from other Quebecor World plants. Most of the assets
of the Aurora plant will be consolidated into this location. Personnel from
facilities within the Direct group will be relocated to provide expertise and
continuity. This enhanced and expanded facility will provide "one-stop
shopping" from pre-press and complex personalization and finishing to high
quality print, lettershop and distribution into the postal system, and will
mirror the mega-facility which has been created in the Southeast.
The implementation of this project will begin immediately and will be
completed in the third quarter of this year. Transition of work impacted by
this change will be scheduled and transferred to ensure no disruption to our
customers.
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QUEBECOR
PRINTING INC.
February 17, 2000 04/00
FOR IMMEDIATE RELEASE Page 1 of 2
QUEBECOR WORLD - $1 BILLION CONTRACT EXTENSION WITH SEARS CANADA
TORONTO - Quebecor World (Quebecor Printing* or the Company) announced today
a contract extension with Sears Canada for the printing of its catalogues.
The contract extension is valued at more than CDN $1 billion and will run for
a period of ten years. Under the agreement, Quebecor World will provide a
variety of prepress services and print 90 percent of the catalogues that
Sears Canada distributes across the country.
"This is one of the largest and most complex catalogue contracts ever reached
in Canada. We were impressed by Quebecor World's willingness to expand to
meet our need for increased page counts," said Garry Smith, Vice President of
Sears Canada. The national retailer has doubled the number of pages in its
catalogs since 1993.
"We are delighted to extend our relationship with our largest customer in
Canada. Sears is one of the clear winners in Canadian retail and one of the
most successful cataloguers in the country," said Charles Cavell, President
and Chief Executive Officer of Quebecor World. "This agreement is a strong
vote of confidence in our ability to deploy technology in response to
expanding demand for production. Once again, it is a strong statement from a
valued customer that we are flexible enough to adapt to their changing needs."
Under the terms of the contract, Quebecor World will print more than 60
million catalogues a year. Most of the work will be carried out at Quebecor
World's PE&E plant located in Toronto. PE&E is the only commercial printing
facility in Canada that uses rotogravure, a uniquely efficient process for
printing four-color, long-run catalog and retail insert products.
The contract extension follows Quebecor World's earlier announcement of a
CDN$45 million expansion of its rotogravure capacity in Canada. As part of
the expansion, the Company has enlarged the PE&E facilities and added a
91-inch wide-web rotogravure press, along with cylinder making equipment and
a solvent recovery system. A second rotogravure press will begin operation by
the end of 2001, bringing the total of rotogravure presses at PE&E to four.
"Sears Canada is yet another customer that uses its digital files from print
to feed the opportunities that exist in new media," commented Mr. Cavell. In
addition to the catalogue contract, Quebecor World provides a range of
services to Sears Canada such as digital photography and the management of
electronic colour files used for both online and print formats. Quebecor
World also has a contract to print 85 percent of Sears Canada's retail flyers.
Sears Canada is the largest single full-line department store and catalogue
retailer of general merchandise and home-related services in the country. The
Company offers Canada's only full-line general merchandise catalogue, which
complements a nationwide network of full-line department and specialty stores
and a comprehensive web site offering real-time, on line ordering.
Page 4 of 13
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[LOGO]
QUEBECOR
PRINTING INC.
February 17, 2000 04/00
FOR IMMEDIATE RELEASE Page 2 of 2
Quebecor World (Quebecor Printing Inc. - NYSE: PRW, TSE: IQI) is the largest
commercial printer in the world. The Company is a leader in most of its major
product categories, which include magazines, inserts and circulars, books,
catalogs, specialty printing and direct mail, directories, digital, CD-ROM
mastering and replicating and other value added services. The Company has
over 40,000 employees working in more than 160 printing and related
facilities in the United States, Canada, France, the United Kingdom, Spain,
Germany, Austria, Sweden, Finland, Chile, Argentina, Peru, Columbia, Mexico
and India.
*At the Annual Meeting of Quebecor Printing Inc. on April 25, 2000,
shareholders will be asked to approve a change of legal name to Quebecor
World Inc.
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FOR MORE INFORMATION :
Angela Olsen Christopher H. Rudge
Director, Communications President, Canadian Operations
Quebecor World Quebecor World
Tel. (514) 877-5317 Tel (905) 845-4595
(800) 567-7070 in Canada
Page 5 of 13
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[LOGO]
QUEBECOR
PRINTING INC.
March 22, 2000 05/00
FOR IMMEDIATE RELEASE Page 1 of 2
QUEBECOR WORLD SIGNS $500 MILLION CONTRACT EXTENSION
WITH PACIFIC BELL
Montreal - Quebecor World* (Quebecor Printing Inc. or The Company) announced
today that it has signed a multi-year contract extension valued at more than
US $500 million to produce telephone directories for Pacific Bell Directory,
a leading provider of directory advertising and publishing service in the
western United States. The agreement renews a contract with a major,
long-term customer of the former World Color. Quebecor Printing, soon to be
renamed Quebecor World, completed a merger with World Color in October 1999
to form the world's largest provider of print media services.
State of-the-art premedia equipment and a new four-color directory press will
be installed in the Quebecor World USA facility in Merced, California, where
the directories will be printed. The press will be up and running by the
middle of 2001.
"Our willingness to invest in new technology was a major factor in Pacific
Bell's decision to extend their contract with us," said Marc L. Reisch, Chief
Executive Officer of Quebecor World North America. "The extension allows us
to continue our relationship with a valued, longtime customer. It also
reflects confidence in the ability of the new Quebecor World to maintain,
and, indeed, build upon a long-established standard of service".
Under the terms of the contract, Quebecor World will produce Yellow Pages
directories for Pacific Bell customers located in 120 cities in California
and Nevada.
The Merced plant is one of seven plants in Quebecor World's global directory
network in four countries. In addition to directories, Merced produces
catalogs and publications including the weeklies: THE ECONOMIST,
ENTERTAINMENT WEEKLY, NEWSWEEK, TV GUIDE, US NEWS, AND US.
*At the Annual Meeting of Quebecor Printing Inc. on April 25, 2000,
shareholders will be asked to approve a change of legal name to Quebecor
World Inc.
Page 6 of 13
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[LOGO]
QUEBECOR
PRINTING INC.
FOR IMMEDIATE RELEASE Page 2 of 2
Pacific Bell Directory serves more than 20 million consumers, publishing more
than 100 White and Yellow Pages directories in California and Nevada,
including Spanish Yellow Pages and Business-to-Business directories. It is a
company of SBC Communications Inc. (www.sbc.com) , a global communications
leader. Through its subsidiaries Southwestern Bell, Ameritech, Pacific Bell,
SBC Telecom, Nevada Bell, SNET and Cellular One - and world-class network,
SBC provides local and long-distance phone service, wireless and data
communications, paging, high-speed internet access and messaging, cable and
satellite television, security services and telecommunications equipment, as
well as directory advertising and publishing. In the United States, the
company currently has 90.4 million voice grade equivalent lines, 11.2 million
wireless customers and is undertaking a national expansion program that will
bring SBC service to an additional 30 markets. Internationally, SBC has
telecommunications investments in 23 countries. With more than 204,000
employees, SBC is the 13th largest employer in the U.S., with annual revenues
that rank it among the largest Fortune 500 companies.
Quebecor World (Quebecor Printing Inc. - NYSE: PRW, TSE: IQI) is a
diversified global commercial printing company. Following its merger with
World Color Press completed October 8, 1999, it is now the largest commercial
printer in the world. The Company is a leader in most of its major product
categories, which include magazines, inserts and circulars, books, catalogs,
specialty printing and direct mail, directories, digital, CD-ROM mastering
and replicating and other value added services. The Company has over 40,000
employees working in more than 160 printing and related facilities in the
United States, Canada, France, the United Kingdom, Spain, Germany, Austria,
Sweden, Finland, Chile, Argentina, Peru, Columbia, Mexico and India.
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FOR FURTHER INFORMATION:
Christian M. Paupe Marc L. Reisch
Executive Vice President President and Chief Executive Officer
Quebecor World Quebecor World North America
(514) 954-0101 (203) 532-4252
(800) 567-7070
Page 7 of 13
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QUEBECOR
PRINTING INC.
March 31, 2000 06-00
FOR IMMEDIATE RELEASE Page 1 of 1
QUEBECOR WORLD TO DIVEST ITS CD-ROM REPLICATION BUSINESS
MONTREAL - Quebecor World* today announced it has reached agreement to sell
the North American operations of Print Northwest, consisting of two software
manufacturing and fulfilment facilities located in Fife, Washington and
Westborough, Massachusetts. These operations are being sold to
Vancouver-based Q-Media.
Under the terms of the agreement, Quebecor World will receive a total
consideration of US$63 million, comprising cash of US$58 million and US$5
million of Q-Media shares. In addition, Q-Media will continue to perform
software manufacturing, printing, assembly and fulfilment services for
Quebecor World.
"This divestiture is in line with our growth strategy and will enable
Quebecor World to better focus on its core business. Currently, the North
American operations of Quebecor Integrated Media account for slightly more
than one percent of our consolidated revenues," commented Charles Cavell,
President and Chief Executive Officer of Quebecor World. "On the other hand,
this transaction will provide Q-Media with a world-class facility which
complements its strategic focus and strengthens its market position in the
U.S."
This transaction, which is subject to regulatory approval, is expected to
close by May 31, 2000.
Quebecor World (Quebecor Printing Inc. -- NYSE: PRW, TSE: IQI) is the largest
commercial printer in the world. The Company is a leader in most of its major
product categories, which include magazines, retail inserts, books, catalogs,
specialty printing and direct mail, directories, digital pre-media services,
and other value-added services. The Company has over 40,000 employees working
in more than 160 printing and related facilities in the United States,
Canada, France, the United Kingdom, Spain, Germany, Austria, Sweden, Finland,
Chile, Argentina, Peru, Columbia, Mexico and India.
*At the Annual General Meeting of Quebecor Printing Inc. on April 25, 2000,
shareholders will be asked to approve a change of legal name to Quebecor
World Inc.
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FOR FURTHER INFORMATION:
Christian M. Paupe Angela K. Olsen
Executive Vice President Director, Corporate Communications
Quebecor World Quebecor World
(514) 954-0101 (514) 877-5317
(800) 567-7070 (800) 567-7070
Page 8 of 13
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[LOGO]
QUEBECOR
PRINTING INC.
APRIL 4, 2000 07/00
FOR IMMEDIATE RELEASE Page 1 of 2
QUEBECOR PRINTING INC. ANNOUNCES
NORMAL COURSE ISSUER BID
MONTREAL - Quebecor World* ("Quebecor Printing Inc." or the "Corporation")
announced today that its Board of Directors had authorized a normal course
issuer bid for a maximum of 8,000,000 Subordinate Voting Shares, representing
9.46% of the public float for the Subordinate Voting Shares, which
constituted 84,592,218 Subordinate Voting shares as at March 27, 2000 .
Purchases will be made during the period from April 6, 2000 to April 5, 2001,
such purchases to be made on the open market through the facilities of the
Toronto Stock Exchange and the New York Stock Exchange. Shares purchased
under the bid will be cancelled. As at March 27, 2000, there were 84,736,161
Subordinate Voting Shares and 62,984,552 Multiple Voting Shares of the
Corporation issued and outstanding.
Quebecor World believes that its shares have been trading at a price range
that does not adequately reflect their value in relation to the Corporation's
assets, business and future business prospects. As a result, depending on
future trading prices and other factors, Quebecor World believes that the
acquisition of its outstanding Subordinate Voting shares in connection with
the Normal Course Issuer Bid will represent an appropriate use of the
Corporation's corporate funds. In addition, the Corporation may enter into
equity derivatives including forward contracts with respect to its shares
under the bid.
The Corporation recently announced the sale of its CD-ROM replicating
business. Cash proceeds from this divestiture along with the sale of non-core
assets such as MDC stock and other assets made redundant as a result of the
restructuring of the manufacturing platform in the States, will be used to
fund the Normal Course Issuer Bid. Total proceeds from the sale of these
non-core assets are expected to be approximately $100 million.
"We are maintaining our management commitment to focus on the integration of
the acquisition of World Color and to maximize free cash flow from
operations. Our goal is to pay down debt by some $450 million this year,"
stated Christian Paupe, Executive Vice President.
Quebecor World (Quebecor Printing Inc.-- NYSE: PRW, TSE: IQI) is the largest
commercial printer in the world. The Company is a leader in most of its major
product categories, which include magazines, inserts and circulars, books,
catalogs, specialty printing and direct mail, directories, digital pre-media
and other value added services.
Page 9 of 13
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[LOGO]
QUEBECOR
PRINTING INC.
FOR IMMEDIATE RELEASE Page 2 of 2
The Company has over 40,000 employees working in more than 160 printing and
related facilities in the United States, Canada, France, the United Kingdom,
Spain, Germany, Austria, Sweden, Finland, Chile, Argentina, Peru, Columbia,
Mexico and India.
* At the Annual General Meeting of Quebecor Printing Inc. on April 25, 2000,
shareholders will be asked to approve a change of legal name to Quebecor
World Inc.
- 30 -
FOR FURTHER INFORMATION:
Christian M. Paupe
Executive Vice President
Quebecor World
(514) 954-0101
(800) 567-7070
Mark D'Souza
Vice President and Treasurer
Quebecor World
011 41 26 347 4777
Page 10 of 13
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[LOGO]
QUEBECOR
PRINTING INC.
APRIL 5, 2000 08/00
FOR IMMEDIATE RELEASE Page 1 of 2
QUEBECOR WORLD TO SPIN OFF PRE-MEDIA BUSINESS
MONTREAL - Quebecor World* ("Quebecor Printing Inc." or the "Company")
announces the formation of Que-Net Media, a wholly owned subsidiary of the
Company. Que-Net Media will bring together the full range of digital and
pre-media assets within the Company to bring greater focus to providing a
more comprehensive range of solutions to the customer base of Quebecor World.
Christopher H. Rudge, President of Quebecor World's Canadian operations, will
become President of Que-Net Media. Under his leadership, the subsidiary will
expand upon Quebecor World's existing network of pre-media centers to
establish a global network of digital content centres by developing and
expanding its existing pre-media and digital photography centres.
The development of the World Wide Web as a new medium of communication has
expanded the demand for both print products and digital content services. The
NEC Research Institute and Inktomi study (January 18, 2000) confirmed that
the World Wide Web now has over one billion unique pages on five million
sites. This phenomenal growth has affected demand for pre-media services
generally by creating tremendous requirements to re-purpose existing graphic
data and to create new original data for Web publishing.
At the same time, e-retailers and e-catalogers are turning to print products
to create brand awareness and attract Web site traffic. As a result,
advertising lineage is up significantly due to the large advertising demand
of dot-com companies and Net technology. For example, advertising lineage in
Quebecor World's U.S. magazine group was up 9.5% in the first two months of
2000.
"The Internet is the best thing that ever happened to print," stated Charles
G. Cavell, President and Chief Executive Office of Quebecor World. "We've
just finished an unprecedented first quarter in volume, thanks to dot-com
demand. Now we're re-orienting our business to ensure that we can best serve
our customers' needs for pre-media services - whether this be for print or
Web formats."
With the dot-com print demand comes the need for digital photography and
digital text management. Quebecor World has existing facilities that have
traditionally provided these services for print customers. Revenues from
these facilities are approximately US$150 million annually. Of this amount,
close to 10% is now coming from unsolicited demand for Web marketing services.
* At the Annual General Meeting of Quebecor Printing Inc. on April 25, 2000,
shareholders will be asked to approve a change of legal name to Quebecor
World Inc.
Page 11 of 13
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[LOGO]
QUEBECOR
PRINTING INC.
FOR IMMEDIATE RELEASE Page 2 of 2
Quebecor World's current network of digital and conventional photography
studios in Chicago, New York, Orlando, Toronto, Montreal and Halifax will be
expanded across the continent. A series of new, high technology Customer
Solutions Centers will be established in Toronto, Chicago, New York and Los
Angeles. The new company will also contract the Que-Net? fiber optics network
that currently connects Quebecor World plants, pre-media centres and major
customers.
A strategic alliance will be formed with Informission-Intellia, one of North
America's largest and fastest growing New Media companies. This relationship
will provide web enabled E-commerce tools including Digital Asset Management
Systems, Automated Publishing Systems, and E-Catalog Solutions.
Quebecor World (Quebecor Printing Inc.-- NYSE: PRW, TSE: IQI) is the largest
commercial print media services company in the world. The Company is a leader
in most of its major product categories, which include magazines, inserts and
circulars, books, catalogs, specialty printing and direct mail, directories,
digital pre-media and other value added services. The Company has over 40,000
employees working in more than 160 printing and related facilities in the
United States, Canada, France, the United Kingdom, Spain, Germany, Austria,
Sweden, Finland, Chile, Argentina, Peru, Columbia, Mexico and India.
EXCEPT FOR HISTORICAL INFORMATION CONTAINED HEREIN, THE STATEMENTS IN THIS
RELEASE ARE FORWARD-LOOKING AND MADE PURSUANT TO THE SAFE HARBOR PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING
STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES WHICH MAY CAUSE
THE COMPANY'S ACTUAL RESULTS IN FUTURE PERIODS TO DIFFER MATERIALLY FROM
FORECASTED RESULTS. THOSE RISKS INCLUDE, AMONG OTHERS, CHANGES IN CUSTOMERS'
DEMAND FOR THE COMPANY'S PRODUCTS, CHANGES IN RAW MATERIAL AND EQUIPMENT
COSTS AND AVAILABILITY, SEASONAL CHANGES IN CUSTOMER ORDERS, PRICING ACTIONS
BY THE COMPANY'S COMPETITORS, AND GENERAL CHANGES IN ECONOMIC CONDITIONS.
THOSE AND OTHER RISKS ARE MORE FULLY DESCRIBED IN THE COMPANY'S FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION.
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FOR FURTHER INFORMATION:
Charles G. Cavell Angela K. Olsen
President and Chief Executive Officer Director, Communications
Quebecor World Quebecor World
(514) 954-5185 (514) 877-5317
Page 12 of 13
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
QUEBECOR PRINTING INC.
By: (Signed) Claudine Tremblay
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Name: Claudine Tremblay
Title: Assistant Secretary
Date: April 6, 2000
Page 13 of 13
