KfW IPEX-Bank supports India's packaging film manufacturer Uflex in expanding to Europe

Frankfurt am Main (ots) -

- Promoting German export industry
- Supplies from German SMEs
- Supporting overseas expansion of long-standing client Uflex

KfW IPEX-Bank is also financing the third expansion project of the
Indian flexible packaging manufacturer Uflex Ltd. with a total of EUR
30 million. The company is establishing its first European production
facility in the town of Wrzesnia, Poland, in the Special Economic
Zone of Walbrzych, some 50 km from Poznan. The factory will be able
to produce 30,000 t of BOPET (biaxially oriented PET (polyester))
film annually for the sales market in Northern and Central Europe.

The plant and machinery will be supplied by the medium-sized
German engineering firms Brückner Maschinenbau GmbH & Co. KG of
Siegsdorf (Bavaria), Kampf Schneid- und Wickeltechnik GmbH & Co. KG
of Wiehl (North Rhine Westphalia) and the subsidiary of the US
electronics group Applied Materials, Applied Materials GmbH & Co. KG
of Alzenau (Bavaria). The new BOPET film plant is to be completed by
the end of June 2012.

By setting up modern production plants at strategically selected
overseas locations Uflex is pursuing the goal of supplying its global
sales market from a decentralised production. With the new
state-of-the-art plant in Poland Uflex is responding to the closing
down of old production facilities in Europe.

"The financing in Poland once again underscores the close and
trustful relationship between KfW IPEX-Bank and the Uflex group",
said Markus Scheer, member of the Management Board of KfW IPEX-Bank,
on the occasion of the signing of the agreement. "With this
transaction we are also supporting medium-sized German engineering
companies, thereby fulfilling our mandate to provide financings that
benefit the German export industry."

About KfW IPEX-Bank GmbH

KfW IPEX-Bank is responsible for international project and export
finance within KfW Bankengruppe. Its function of providing financing
to support the German and European economy is derived from the legal
mandate of KfW Bankengruppe. Its prime focus is on medium- and
long-term lending to support the export economy and develop economic
and social infrastructure, and for environmental and climate
protection projects. KfW IPEX-Bank operates as a legally independent
group subsidiary and plays a major role in fulfilling the promotional
mission of KfW Bankengruppe. It has 531 employees (as of 31 December
2011) and is represented in the key economic and financial centres
around the globe.

Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: dela.strumpf@kfw.de
Tel. 069 7431-29871, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de