ANNOUNCEMENT 30 Mar 2012

In März 2012, the German Export Crediting Agency announced its support of an export project concerning the delivery and assembly of a spunbond and spunbond-airlaid layers production plant in Egypt.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 30 Mar 2012 | Removal date: open ended

Trade finance

The export loan was announced in März 2012 and finances the delivery and assembly of a spunbond and spunbond-airlaid layers production plant ('Lieferung und Montage einer Anlage zur Herstellung von Spinnvlies- und Verbundvliesstoffen') in Egypt. The benefitting German exporter is Reifenhäuser REICOFIL GmbH & Co. KG.

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 Landesbank Baden-Württemberg, Stuttgart.

AFFECTED SECTORS

 
446

AFFECTED PRODUCTS

 
844520