ANNOUNCEMENT 28 Feb 2014

In February 2014, the German Export Crediting Agency announced its support of an export project concerning the modernisation of a chlorine and fine chemistry production plant in France.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 28 Feb 2014 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in February 2014 and finances the modernisation of a chlorine and fine chemistry production plant ('Modernisierung eines Chlor- und Feinchemiestandortes') in France. The benefitting German exporter is Chemieanlagenbau Chemnitz GmbH,Chemnitz.

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 8.5 years. The financing institution is Commerzbank AG, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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