Abu Dhabi National Leasing concluded a Finance lease to United Printing & Publishing Press
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: Â 01 KBA Continent Hybrid Web Offset Press
Equipment Cost: Â Euro: 15,850,000/-
Equipment no 02: Â 01 KBA Compacta 215 Commercial Web Offset Press
Equipment Cost: Â 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 marketsâ€.
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.â€
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. Â This diversity provides a unique advantage as it continues to reach millions of Arabs around the world.
About UPP
Established in 2006, UPP (United Printing & Publishing), the wholly-owned printing subsidiary of Abu Dhabi Media Company, has become one of the largest companies in the UAE, with printing operations situated in Abu Dhabi. The company is focused towards investing in cutting-edge technology and equipment. Through modern communication techniques, UPP guarantees smooth information transfer and fast response to all its clients – anywhere in the world.
UPP is already well known in the regional market for its mainstream products: newspapers, books, magazines, catalogs, directories, as well as for fast turnaround financial printing service and its capacity to cover all aspects of commercial printing.
UPP is also renowned for its ability to combine products and services into innovative and integrated solutions, which have already fuelled the company’s success and have led to increasing penetration of international markets.
Abu Dhabi Media Company is one of the fastest growing, multi-platform media organizations in the region created in 2007 as a public joint stock company from the assets of Emirates Media Incorporated.
Abu Dhabi Media Company owns and operates a range of television channels (Abu Dhabi Al Oula, Abu Dhabi Al Emarat, Abu Dhabi Al Riyadiya, Abu Dhabi Al Riyadiya 2, Abu Dhabi Al Riyadiya 3, Abu Dhabi +1 and National Geographic Abu Dhabi) and a network of radio stations (Abu Dhabi FM, Emarat FM, Star FM, Holy Quran FM, and Abu Dhabi Classic FM), as well as number of publications (Al Ittihad newspaper, The National newspaper, Zahrat Al Khaleej magazine and Majid magazine), and a number of other media related businesses, including Imagenation Abu Dhabi that develops, finances and produces full length feature films and digital content for Arabic and international markets; LIVE which owns a fleet of outdoor HD broadcast vans; and United Printing Press, a state of the art printing press. ADMC’s Digital Group operates several digital assets including Getmo Arabia, goalarabia.com, and super.ae. In 2009 it formed two significant partnerships: VEVO, the online music video platform with Universal Music Group and Sony Music, and a first in the region MMOG joint-venture with Gazillion Entertainment.
Abu Dhabi Media Company employs 2098 people across its operating units, which include Publishing, Broadcast, Digital media, Distribution, and Printing.
The company is headquartered in Abu Dhabi with offices in Cairo, Dubai and Washington D.C.
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