(By Balaseshan) R.R. Donnelley & Sons Co. (NASDAQ: RRD), a provider of integrated communications, said it has received a multi-year print management agreement from Canada's Scotiabank that renews and expands the companies' relationship.
Under the terms of the agreement, RR Donnelley will provide a broad range of products and services that includes digital printing, forms, kitting and fulfillment services, regulatory communications and more.
The relationship also draws on RR Donnelley's proprietary CustomPoint system, which provides a highly configured suite of online services.
Several initiatives, such as instituting electronic invoicing and using effective print management strategies to consolidate documents and reduce page counts, have supported Scotiabank's sustainability goals and have helped to reduce consumption by almost 30,000 pages annually.
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Improved tracking of printing and paper usage have also supported the Bank's efforts to effectively size and report the strides made in using paper more efficiently.
"We are very proud and pleased to have earned the continuing trust of Scotiabank. We have built a comprehensive capability to help our customers' content connect with their key audiences and continue to develop the next generation of innovative solutions," said Drew Sullivan, President of RR Donnelley's operations in Canada.
RRD operates primarily in the commercial print portion of the printing industry, with related products and service offerings designed to offer customers complete solutions for communicating their messages to target audiences. The company operates in two business segments: U.S. Print and Related Services and International.
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RRD closed Friday's regular session down 1.98% at $9.42. The stock has been trading between $9.39 and $16.27 for the past 52 weeks.