ANNOUNCEMENT 30 Nov 2010

In November 2010, the German Export Crediting Agency announced its support of an export project concerning ?the delivery and construction supervision of a stretch-bend-levelling line and a skin-pass mill in China.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2010 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2010 and finances ?the delivery and construction supervision of a stretch-bend-levelling line and a skin-pass mill ('Lieferung und Montage?berwachung einer Streck-Biege-Richtanlage und eines Dressierwalzwerks') in China. The benefitting German exporter is Sundwig GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 1. This category includes projects with a financing value between 10 and 15 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 10 million EUR (13 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