Transcontinental Spends C$60M to Grow Plant
MONTREAL—Transcontinental Inc. will invest C$60 million in state of the art equipment at its Transmag newspaper printing facility here. The additions, which are expected to be completed in 2009, will enhance the printer’s ability to produce daily and weekly newspapers, along with specialty publications. Included is an expansion of the facility from 80,000 square feet to 145,000 square feet.
Earlier this week, François Olivier officially took the helm as Transcontinental’s president and CEO. He replaced Luc Desjardins, who left the company after eight years of service.