Abu Dhabi National Leasing LLC (ADNL) a wholly owned asset financing subsidiary of National Bank of Abu Dhabi (NBAD) concluded a Finance lease for equipments supplied by KBA and valued at AED 100 million to United Printing & Publishing Press (UPP).

Equipment no 01: 01 KBA Continent Hybrid Web Offset Press
Equipment Cost: Euro: 15,850,000/-

Equipment no 02: 01 KBA Compacta 215 Commercial Web Offset Press
Equipment Cost: Euro: 4,400,000/-

UPP, the wholly-owned printing subsidiary of Abu Dhabi Media Company, with printing operations located in Abu Dhabi, was founded in 2006 with the vision of becoming a best-in-class company, and has since become one of the largest companies in the UAE.

Commenting on the investment, Ali Saif Al Neaimi, CEO of United Printing and Publishing said, “After extensive research, visits to trade exhibitions, to leading installations in Europe and to KBA’s manufacturing facility in Germany, we decided to invest in these state of the art newspaper and commercial presses from KBA based on a salient features set: superior productivity, quality, and technology, which will categorically help us stay at the forefront of the regional and global printing markets”.

The new KBA Continent web offset press is widely considered to be one of the biggest and technologically most advanced newspaper press lines in the entire region. The contemporary hybrid press from Germany that comprises of ten towers, three folders and multiple dryers is built to deliver a remarkable production capacity, enhanced quality and also supports a diverse range of products.

On the commercial front, the new KBA Compacta 215, a 16-page commercial web offset press prints high-quality magazines, brochures and other high-end medium and long run commercial print jobs. Engineered for a production speed of 50,000 copies per hour, this press features full-color print production plus spot colors that are now a routine feature in this market.

Mr. Yousef Abdulla Yousef, General Manager, ADNL along with other senior management from NBAD and ADNL visited the factory and inspected the machines.

This was followed by a press conference. Addressing the media, ADNL General Manager, Mr. Yousef Abdulla Yousef said, “It has always been the aim of ADNL to identify and work with organizations that support and nurture national growth. We are very happy to be here today as a part of the continuing success of UPP.”

The official inauguration of UPP’s new facilities in Shahama will be held in the second quarter of 2010.

UPP was formed in April 2006 floated by Emirates Media Inc (EMI) presently Abu Dhabi Media Company (ADMC). Its origins in television, radio and press go back as far as 1969, with the establishment of Al Ittihad Newspaper, UAE Television from Abu Dhabi and Abu Dhabi Radio. This diversity provides a unique advantage as it continues to reach millions of Arabs around the world.
 

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