|DMH splashes N$30m on new printing press|
|Thursday, 09 December 2010 09:46|
DEMOCRATIC Media Holdings has successfully completed the commissioning of a state of the art printing press costing approximately N$30m all expenses included.
This week, the Chief Operations Officer of the dominant printing and media Holdings, Wolf Ran Jauss, described the investment as ‘worthwhile’ adding that it has the potential to rake in the much anticipated profit within a 10-year life span.|
“Importation of the printing press, shipping and technical assembling was worth approximately N$30m. We hope this will pay-off on our plans in the next 10 years,” said Jauss.
The state of the art printing press was unveiled to the company’s stakeholders at a glamorous function at the company’s premises in La Franz in Windhoek’s northern industry.
Jauss further said the investment has the potential to improve the operations and earnings of the company in a long-term plan.
“This is something that we would expect to pay us off in the forthcoming years if it all goes according to plan. I would not be able to give you the exact figure but there was quite some significant expenditure,” he said.
DMH which is also co-owned by the South African company News 24 with a 50-50% partnership is Namibia’s dominant player in the printing industry with most news papers in the country printed there.
Newspapers printing with DMH are weekly tabloid Informanté, The Namibian, Windhoek Observer and New Era.
Jauss expressed his appreciation to the stakeholders and showered praises on the company’s staff for their continued dedication in providing printing services to the Namibian community.
He said the company had grown in leaps and bounds and now stands as one of the dominant and bigger printing companies in the Southern African Development Community.
Jauss emphasised that it was within the company’s plans to continue investing in growth and outreach in the near future as part of their portfolio broadening plan.
DMH also owns the Republikein, Allgemeine Zeitung, the weekly and daily Namibian Sun, and 99 fm.