Valmet delivers board machines to China
Valmet delivers two board machines to China for Shanying Huazhong Paper Industry in Jinzhou, Hubei province, China. Finnvera provides a buyer credit guarantee for a loan of approximately EUR 35 million, granted by the bank to finance the export transaction.
The German DZ BANK AG will act as the arranging bank.
Name of the Guarantee Holder: DZ BANK AG Deustche Zentral-Genossenschaftsbank
Name of the Exporter: Valmet Technologies, Inc.
Name of the Lender: DZ BANK AG Deustche Zentral-Genossenschaftsbank
Name of the Buyer and Borrower: Shanying Huazhong Paper Industry Co., Ltd
Name of the Guarantor: Shanying International Holdings Co. Ltd
Project/Export transaction/Goods: Two paper board machines
Country of Export transaction/project: China
Credit amount: Up to EUR 34.4 million
Credit period: 10 years
Environmental and social classification: A
Source of environmental and/or social impact information: EIA Report on the Yangjiachang Town Industrial Park CHP Project in Gong’an County
International standards applied in benchmarking: IFC Performance Standards and the applicable EHS Guidelines
Contact point: [email protected]