ANNOUNCEMENT 31 Jan 2012

In January 2012, the German Export Crediting Agency announced its support of an export project concerning the construction of an hdf/mdf board production plant in Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Jan 2012 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in January 2012 and finances the construction of an hdf/mdf board production plant ('Errichtung einer Anlage zur Herstellung von HDF-/MDF-Platten') in Turkey. The benefitting German exporter is an unidentified producer.

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

The maturity of the loan will be 10 years. The financing institution is ING Bank, eine Niederlassung der ING-DiBa AG, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A