IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 May 2011 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in May 2011 and finances deliveries and equipment for the construction of an electric arc furnce, a ladle furnace, a dust extraction unit and a continous billet caster ('Lieferungen von Ausrüstungen für einen Elektrolichtbogenofen, einen Pfannenofen, einer Entstaubungsanlage sowie einer Knüppelstranggießanlage') in Russia. The benefitting German exporter is Siemens VAI Metals Technologies GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (73 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 9 years. The financing institution is Société Générale S.A. Paris, Frankfurt.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

434 Ovens & furnace burners & parts
8514 Industrial or laboratory electric furnaces and ovens (including those functioning by induction or dielectric loss); other industrial or laboratory equipment for the heat treatment of materials by induction or dielectric loss.
851420 Furnaces and ovens functioning by induction or dielectric loss

Please report this page in case you detect an inaccuracy in its content.