ANNOUNCEMENT 31 Mar 2017

In März 2017, the German Export Crediting Agency announced its support of an export project concerning the construction of a ring rolling machine in China.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Mar 2017 | Removal date: open ended

Trade finance

The export loan was announced in März 2017 and finances the construction of a ring rolling machine ('Errichtung einer Ringwalzmaschine') in China. The benefitting German exporter is SMS group GmbH, Düsseldorf.

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 is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A