ANNOUNCEMENT 31 Aug 2016

In August 2016, the German Export Crediting Agency announced its support of an export project concerning machines and installations for the production of melamime-faced mdf/hdf boards in Turkey.

NUMBER OF INTERVENTIONS

1

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

Trade finance

The export loan was announced in August 2016 and finances machines and installations for the production of melamime-faced mdf/hdf boards ('Maschinen und Anlagen zur Herstellung von melaminbeschichteten MDF-/HDF-Platten') in Turkey. The benefitting German exporter is GIM Export Group GmbH & Co. KG, Göttingen.

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 (57 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is UniCredit Bank AG, München.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A