Global Trade Alert

The export loan was announced in August 2011 and finances the construction of an aluminium-hot-rolling mill ('Errichtung eines Aluminium-Warmwalzwerkes') in China. The benefitting German exporter is SMS Siemag Aktiengesellschaft.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (23 million USD), as the conservative estimate of the project value.

The maturity of the loan is not specified. The financing institution is not identified in this case.