ANNOUNCEMENT 31 Oct 2012

In October 2012, the German Export Crediting Agency announced its support of an export project concerning the delivery of and services linked to the construction of a tandem hot-rolling mill in Hong Kong.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Oct 2012 | Removal date: open ended

Trade finance

The export loan was announced in October 2012 and finances the delivery of and services linked to the construction of a tandem hot-rolling mill ('Lieferung und Leistungen im Zusammenhang mit einem Tandem-Warmwalzwerk') in Hong Kong. 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 (66 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