ANNOUNCEMENT 31 Oct 2016

In October 2016, the German Export Crediting Agency announced its support of an export project concerning the delivery of a fleece production plant for the production of spunbond and SMS-composites to Israel.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Oct 2016 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in October 2016 and finances the delivery of a fleece production plant for the production of spunbond and SMS-composites ('Vliesstoffanlage zur Herstellung von Spinnvliesen und SMS-Verbundstoffen') to Israel. The benefitting German exporter is Reifenhäuser REICOFIL GmbH / Co. KG, Troisdorf.

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 (18 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