ANNOUNCEMENT 31 Jul 2013

In July 2013, the German Export Crediting Agency announced its support of an export project concerning the construction of a corrugated board production plant for the production of cardboard in Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Jul 2013 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in July 2013 and finances the construction of a corrugated board production plant for the production of cardboard ('Errichtung einer Anlage zur Herstellung von Wellpappenrohpapier für die Kartonherstellung') in Turkey. The benefitting German exporter is Voith Paper GmbH & Co. KG, Heidenheim.

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 7 years. The financing institution is a bank consortium KfW IPEX-Bank GmbH, Frankfurt and BayernLB, München.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A