ANNOUNCEMENT 31 Jul 2015

In July 2015, the German Export Crediting Agency announced its support of an export project concerning the delivery of one hot-rolling plant to China.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Jul 2015 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in July 2015 and finances the delivery of one hot-rolling plant ('1 Warmwalzwerk') to China. The benefitting German exporter is SMS group GmbH, 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 (18 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