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Fairfax to expand Chullora plant and printing operations SYDNEY, March 24, 2000 – Mr Fred Hilmer, CEO of John Fairfax Holdings Limited [ASX:FXJ] announced today that Fairfax will expand its plant and printing operations at Chullora through the addition of a new printing press. The cost of the expansion is expected to be in the order of $70 million over the next two financial years. Mr Hilmer said: "We have a commitment to our customers – our readers, advertisers, distributors and newsagents – to deliver quality content in full and on time. "A new press, with its added capacity and versatility, will enable the Sydney Morning Herald and the Australian Financial Review, in particular, to contain more late-breaking news. The SMH, the AFR and the Sun-Herald will be able to further exploit the success strategy of introducing, and expanding, new tabloid colour editorial and advertising sections in key market segments. "The added capacity will provide us with even greater geographic reach for distribution of our publications. We will also have more flexibility and capacity for our regional and community publications, including the Illawarra Mercury, and the St George and Sutherland Shire Leader. "This decision therefore further advances our repositioning of Fairfax’s publications as dynamic, innovative and modern products that are the most effective and attractive platforms for advertisers to reach our quality readership." Mr Hilmer said that Mr Peter Graham, Director, Group Operations, would be in charge of this project. Plans, budgets and timetable for the Chullora expansion will be announced later this year. -- ENDS -- For further information, please contact Fred Hilmer, (02) 9282 2822
Note to editors The printing plant in Chullora was commissioned in 1995. The plant, with a workforce of 280, is the only printing plant in Australia to produce three major daily newspapers. John Fairfax Holdings [ASX:FXJ] is Australia’s leading publishing group. Its mastheads include The Sydney Morning Herald, The Australian Financial Review, The Age, The Sun Herald, and BRW. In addition, the company publishes financial and consumer magazines, and provides online and interactive services. In 1999, the company had revenues of over $1.1 billion. Fairfax, through f2, its wholly owned subsidiary for its online and interactive businesses, is building a strong position in e-commerce and is Australia’s leading content provider on the Internet, with over 1.8 million page views per day across a network of sites including news, business, investing, personal finance, motoring, sports, auctions, property, employment, freemail, search/homepage, shopping, travel, technology, city guides, and directories. |
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Fairfax > Corporate Affairs & Media Releases > Announcements > CHULLORA
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