ANNOUNCEMENT 31 May 2010

In May 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery and installation of pellet production plants, including equipment for the extension of an existing sawmill in Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 May 2010 | Removal date: open ended

Trade finance

The export loan was announced in May 2010 and finances the delivery and installation of pellet production plants, including equipment for the extension of an existing sawmill ('Lieferungen und Installation von Anlagen für eine Pelletproduktion sowie Anlagen für den Ausbau eines bestehenden Sägewerkes') in Russia. The benefitting German exporter is Kornak GmbH.

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 (20 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 5 years. The financing institution is Landesbank Berlin AG, Berlin.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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