THE Vision Group has completed its $14m expansion project with the switching on of a new ultra-modern printing press. The $9m (sh18b) printing press in a purpose-built $5m (sh10b) factory will boost efficiency and improve delivery times of its products onto the market.
THE Vision Group has completed its $14m expansion project with the switching on of a new ultra-modern printing press.
The $9m (sh18b) printing press in a purpose-built $5m (sh10b) factory will boost efficiency and improve delivery times of its products onto the market.
The rollers of the China-designed printing press went into action on Thursday evening, with a test-run printing of the 48-page New Vision edition of Friday.
At optimum speed, the printing press has a capacity to print 40,000 copies per hour with 64 pages of full colour in one run.
During a staff party to celebrate the achievement, the chief executive officer, Robert Kabushenga, described it as a milestone in Ugandaâ€™s media industry.
He said besides being the first of its kind in East Africa, the printing press is also the third new printing press ever imported in the history of Uganda.
The party, held at the company premises in Industrial Area, was attended by over 500 Kampala- based staff who were treated to a dinner buffet and a dance that lasted till dawn.
On the same evening, the company marked the completion of a modern studio for Bukedde TV. The entire project was completed on March 22, coinciding with the companyâ€™s 24th anniversary.
The new printing press will improve deadlines and delivery times.
It will also enable extension of deadlines to include breaking news and late advertisements.
â€œWe can now wait for an advert up to 10:00pm and still have it published. Advertisers can also send their pages directly to pre-press,â€ Kabushenga added.
The press and TV studios were built with money raised from a rights issue. Vision Group is listed on the Ugandan stock exchange with the public holding 47% of shares and the Government maintaining a 53% majority share.
The company boasts of media platforms that include the flagship New Vision newspaper, four regional newspapers, four magazines, as well as an online division.
In addition, the company recently launched five regional radio stations and a television station. A second television station, TV West, is set to go on air this month.
Kabushenga said the launch of the radio platforms has boosted newspaper sales, with a 100% increase in newspaper circulation.
New Vision switches on $9m printer