Polestar – £50m Web Offset Press Investment with Goss International
Posted: 4/2/2013 | By: Press Release | Goss
April 2nd, 2013 – Polestar is pleased to announce a £50m investment with Goss International Corporation to replenish its web offset technology. This agreement is for six presses – two 96pp, two 64pp and two 16pp.
Barry Hibbert commented: “Despite the economic climate, Polestar has been in positive discussion with our customers for some time and the commitment through long term contracts has enabled us to achieve this significant investment. This will be the largest single spend in print technology worldwide for some time.”
The investment sees Polestar at the forefront of web offset technology. The two 96pp presses will share three folders - the PCF-3 is the industry’s most advanced pinless folder. The configuration will give flexibility without reducing the maximum output capability.
The 60,000cph rated 64pp shortgrain presses, complete with the SG-3 jaw folder and twin delivery, will be complemented with a Balloon former section and ribbon stitching heads, allowing 16pp sections to be produced at upwards of 220,000 cph. The state of the art presses will be equipped with the very latest ‘Closed Loop’, Web Monitoring and Quality Management technology available, ensuring high output is matched by high quality.
Rick Nichols, CEO, Goss International Corporation said: “Goss International is delighted that Polestar has selected us as a partner for its long-term equipment needs. Our global product portfolio and unique financial service capabilities have paved the way for this comprehensive solution for Polestar. This agreement emphasizes Goss’ position as the premier provider in our industry and recognizes our ability to meet the changing needs of customers.”