ANNOUNCEMENT 30 Aug 2013

In August 2013, 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 Hong Kong.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Aug 2013 | Removal date: open ended

Trade finance

The export loan was announced in August 2013 and finances deliveries and services linked to the construction of an aluminium cold-rolling mill ('Lieferung und Leistungen im Zusammenhang mit der Errichtung eines Kaltwalzwerks f?r Aluminium') in Hong Kong. The benefitting German exporter is SMS Siemag AG, D?sseldorf.

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 (21 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