ANNOUNCEMENT 29 Feb 2012

In February 2012, the German Export Crediting Agency announced its support of an export project concerning the delivery of machines for the production of textile synthetic fibres and a polycondensation machine to India.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Feb 2012 | Removal date: open ended

Trade finance

The export loan was announced in February 2012 and finances the delivery of machines for the production of textile synthetic fibres and a polycondensation machine ('Maschinen zur Textilkunstfaser-Herstellung sowie Polykondensationsanlage') to India. The benefitting German exporter is Oerlikon Barmag Zweigniederlassung der Oerlikon Textile GmbH & Co. KG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (68 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is Landesbank Baden-W├╝rttemberg, Stuttgart.

AFFECTED SECTORS