ANNOUNCEMENT 31 Jan 2016

In January 2016, the German Export Crediting Agency announced its support of an export project concerning the delivery of machines and equipment for the processing of raw mdf boards to Russia.

NUMBER OF INTERVENTIONS

1

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

Trade finance

The export loan was announced in January 2016 and finances the delivery of machines and equipment for the processing of raw mdf boards ('Maschinen und Anlagen zur Veredelung von Roh-MDF-Platten') to Russia. 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 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 (17 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is Landesbank Baden-Württemberg, Stuttgart.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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