ANNOUNCEMENT 27 Jan 2020
In 2020, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 27 January 2020, Export Development Bank Canada (EDC) announced that it had provided financing to automotive parts manufacturer Arcelormittal Tailored Blanks Americas Limited for the sale of auto parts (not further specified) for export to the United States. EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-100 million. Taking the lowest possible amount, in this case Can.$50 million (U.S.$37.9 million), is our conservative estimate of the financing received. The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.