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 Aug 2016 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in August 2016 and finances the delivery of an electrical arc furnace, including a dust extraction unit and a heat recovery machine, as well as construction supervision, commissioning, assembly, training and garantee testing ('Lieferung eines Elektrolichtbogenofens einschließlich einer Entstaubungsanlage und Wärmerückgewinnungsanlage sowie Montageüberwachung, Inbetriebnahme, Montage, Schulungen und Garantietests') to Italy. The benefitting German exporter is Primetals Technologies Germany GmbH, Erlangen.

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 (18 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8 years. The financing institution is Raiffeisen Bank International AG, Wien.

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

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