ANNOUNCEMENT 31 May 2015

In May 2015, the German Export Crediting Agency announced its support of an export project concerning the assembly of a spunbond production line in Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 May 2015 | Removal date: open ended

Trade finance

The export loan was announced in May 2015 and finances the assembly of a spunbond production line ('Errichtung einer Produktionsanlage für Vliesstoffe') in Turkey. The benefitting German exporter is ANDRITZ Küsters GmbH, Krefeld.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 1. This category includes projects with a financing value between 10 and 15 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 10 million EUR (11 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8.5 years. The financing institution is Landesbank Baden-Württemberg, Stuttgart.

AFFECTED SECTORS

 

AFFECTED PRODUCTS