"This investment will allow the Corby facility to capitalise on the vibrant magazine and retail insert market in the UK," said Quebecor World Corby managing director Andrew Parker.
The investment in the UK plant, part of the group's 140m ($250m) European re-equip, includes two KBA Compacta 818 72pp presses. The first press is expected to go live in late Q3 2006.
The order follows Amicus GPMS members at the plant voting to accept 6m worth of cost savings, including 70 redundancies, earlier this month.
"We're delighted the company has delivered on its promise," said Amicus GPMS East of England branch secretary Vernon Robson. "It offers future security to the remaining staff."
Have your say in the Printweek Poll
Related stories
Latest comments
"Been there too!"
"Very True"
"Customers expect quality as a basic requirement so quality is no longer a selling point as its a given. Similarly so, accreditations are a nice to have and show customers that you are committed but as..."
Up next...
50 accredited partners offering GGS loans
Guaranteed Growth Scheme receives extra £500m as tariffs bite
Flatter and streamlined organisation
Stora Enso restructure to reflect renewable packaging importance
Took over in the role on 1 April
Paul Brough becomes Mail Users’ Association chair
Birmingham's Marco Pierre White restaurant