ANNOUNCEMENT 31 Mar 2011

In März 2011, the German Export Crediting Agency announced its support of an export project concerning the delivery of key components of a nitric acid production plant to the Republic of Korea.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Mar 2011 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in März 2011 and finances the delivery of key components of a nitric acid production plant ('Lieferung von Key-Equipment für eine Anlage zur Herstellung von Salpetersäure') to the Republic of Korea. The benefitting German exporter is Uhde 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 (23 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

 
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