Singapore, 13 April, 2010 – Singapore Press Holdings (SPH) Chairman, Dr Tony Tan, today launched the Upgrading and Renewal Project at the SPH Print Centre in Jurong.
This exercise aims to fortify and rejuvenate the media giant's printing assets and will cover the replacement of the press control systems, upgrading of the colour capacity of the computerised GOSS Colorliner presses, as well as converting the current film-based plate-making system to a digitised computer-to-plate system.
Said Dr Tan: "While we continue to venture into other arenas, our core business is in print, and our newspapers and magazines still bring in the bulk of our revenue and profits. This is why we have been, and will continue improving our print products and facilities. This project, when completed in the second half of next year, will bring our print facilities to a new level of excellence, enabling SPH to deliver value to our readers and be the marketplace of choice for all advertisers."
The GOSS Colorliner presses were installed at the SPH Print Centre in 1996. While most presses have a normal life span of 30
years, computers have a much shorter duration. By replacing the control systems, SPH expects to keep the presses running for another 15 years. ABB Industry Pte Ltd and Harland Simon have been awarded the contracts to replace the control systems.
Unlike the KBA Commander and UNISET presses which are equipped with full-colour capabilities, the GOSS Colorliner presses installed in the 1990s have limited colour capacity. After the upgrading by the original press manufacturer, GOSS International, the Colorliner presses will be able to handle back to back colour pages, up from 24 to 40 broadsheet pages, or 80 tabloid pages, in a single run. As a result, Lianhe Zaobao, The Business Times and The New Paper will enjoy full colour support to meet advertising and editorial demands.
When SPH commissioned its UNISET press at Media Centre in 2008, it also introduced the Computer-to-Plate (CtP) system as a pilot project which has since yielded positive results with proven productivity improvements. As part of the Upgrading and Renewal Project, SPH Print Centre will also undergo conversion from the current film-based plate-making system to the digitised CtP system. This project will be undertaken by Agfa Graphics.
Said Mr Anthony Cheng, Executive Vice-President of Production: "We went through a rigorous and thorough evaluation process to assess the merits of competing offers from the vendors. Our chosen partners for the Upgrading and Renewal Project at Print Centre have offered us the practical solutions and value that meet our needs. We look forward to working with them to bring this entire exercise to fruition.”
The Upgrading and Renewal Project at Print Centre will also cover minor projects to replace and renew aging ancillary systems such as the inking system, plate lockups, press electrics and mailroom control systems.
The upgraded systems at SPH Print Centre are expected to be fully operational by second half of 2011.
The full text of Dr Tony Tan's speech can be found in Appendix A.
Issued by Singapore Press Holdings Ltd
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For more information, please contact:
Ms Chin Soo Fang
Singapore Press Holdings Limited
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Ms Selina Esther Lim
Singapore Press Holdings Limited
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About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) celebrated its 25th anniversary in 2009. It is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers and Magazines
In Singapore, SPH publishes 17 newspaper titles in four languages. Every day, 3 million individuals or 79 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 225 million pageviews with 14 million unique visitors every month. Apart from SPH AsiaOne portal, SPH's online and new media initiatives include an online marketplace for products, services and employment, ST701; local search and directory engine, rednano.sg; Stomp (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Web and via mobile phone messaging; omy.sg, a bilingual news and interactive portal and The Straits Times RazorTV, a free access interactive webcast service offering live chat shows and video-on-demand clips.
SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today. In the radio business, SPH has an 80 per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations Radio 100.3 in Mandarin and 91.3FM in English.
In addition, SPH has ventured into out-of-home (OOH) advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore’s largest outdoor motion display advertising network media company.
SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. SPH's wholly-owned subsidiary, Times Development Pte Ltd, is also developing a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.