ANNOUNCEMENT 30 Sep 2010

In September 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery of an aluminium strip rolling mill with exhaust air purification system and two roller-grinding machines to Spain and Venezuela.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 30 Sep 2010 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in September 2010 and finances the delivery of an aluminium strip rolling mill with exhaust air purification system and two roller-grinding machines ('Lieferung einer Aluminium-Bandwalzanlage mit Abluftreinigungsanlage und zwei Walzenschleifmaschinen') to Spain and Venezuela. The benefitting German exporter is Achenbach Buschh?tten 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 (70 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.

AFFECTED SECTORS

 
342 442

AFFECTED PRODUCTS

 
284800 846692