Ex-Im Financing Sought for Exports of Beverage Can Manufacturing Equipment to China
The Export-Import Bank of the United States has received an application for a $99 million comprehensive loan guarantee to support the export of approximately $110.4 million worth of aluminum beverage cans and ends manufacturing equipment to China. The U.S. exports will enable the Chinese company to produce approximately 2.8 billion aluminum cans per year. In addition, the foreign buyer will expand its existing annual ends production capacities by 2.6 billion for two-piece cans and 1.3 billion for three-piece cans. Available information indicates that this new production will be entirely sold and consumed in China. Interested parties may submit comments on this transaction no later than June 24.