ANNOUNCEMENT 30 Jun 2014

In June 2014, the German Export Crediting Agency announced its support of an export project concerning the construction of a wet-laid production line for the production of recyclable wet towels in Israel.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Jun 2014 | Removal date: open ended

Trade finance

The export loan was announced in June 2014 and finances the construction of a wet-laid production line for the production of recyclable wet towels ('Errichtung einer Nassvliesanlage zur Herstellung von recyclebaren Feuchttüchern') in Israel. The benefitting German exporter is Voith Paper GmbH & Co. KG, Heidenheim / Edelmann Technology 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 (22 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 7 years. The financing institution is HSBC Bank plc, London.

AFFECTED SECTORS