ANNOUNCEMENT 30 Nov 2010

In November 2010, the German Export Crediting Agency announced its support of an export project concerning the modernisation and conversion of a universal rolling-mill for the production of profiles and railway tracks in Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2010 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2010 and finances the modernisation and conversion of a universal rolling-mill for the production of profiles and railway tracks ('Modernisierung und Umbau eines Universalwalzwerkes zur Herstellung von Profilen und Eisenbahnschienen') in Russia. The benefitting German exporter is Josef Fröhling GmbH & Co. KG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 4. This category includes projects with a financing value between 101 and 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 101 million EUR (131 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8 years. The financing institution is BNP PARIBAS S.A., Paris.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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