ANNOUNCEMENT 30 Mar 2012

In March 2012, the German Export Crediting Agency announced its support of an export project concerning deliveries and services linked to the construction of an aluminium cold-rolling mill in China.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Mar 2012 | Removal date: open ended

Trade finance

The export loan was announced in March 2012 and finances deliveries and services linked to the construction of an aluminium cold-rolling mill ('Lieferungen und Leistungen im Zusammenhang mit der Errichtung eines Aluminium-Kaltwalzwerkes') in China. The benefitting German exporter is SMS Siemag AG.

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 (68 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

 

AFFECTED PRODUCTS