ANNOUNCEMENT 31 Aug 2016

In August 2016, the German Export Crediting Agency announced its support of an export project concerning the delivery of a BOPP-foil production plant, a cutting and winding machine and two high vacuum web coating systems to Italy.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Aug 2016 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in August 2016 and finances the delivery of a BOPP-foil production plant, a cutting and winding machine and two high vacuum web coating systems ('Lieferung einer Anlage zur Herstellung von BOPP-Folie, einer Schneid- und Wickelmaschine sowie zweier High Vacuum Web Coating Systems') to Italy. The benefitting German exporter is several unidentified german producers.

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 will be 8.5 years. The financing institution is DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS