ANNOUNCEMENT 31 Aug 2010

In August 2010, the German Export Crediting Agency announced its support of an export project concerning deliveries linked to the construction of four electric submerged arc furnaces in China.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Aug 2010 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in August 2010 and finances deliveries linked to the construction of four electric submerged arc furnaces ('Zusammenhang mit der Errichtung von vier Elektroreduktionsöfen') in China. The benefitting German exporter is SMS Siemag Aktiengesellschaft.

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 is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A