Overview

China Eximbank provides RMB 98 million loan for Phase 2 of Tianli Textile Mill Project (Linked to Record ID#60226, 1142)

Commitments (Constant USD, 2023)$24,908,544

Commitment Year•2004Country of Activity•MauritiusDirect Recipient Country of Incorporation•MauritiusSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2004

Start (actual): Sep 1, 2004

End (planned): Jul 1, 2005

End (actual): Jul 1, 2005

Geospatial footprint

Map overview

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The purpose of this project was to support a textile mill in Wooton, Belle-Rive, Eau Coulée. More detailed locational information can be found at: https://www.openstreetmap.org/way/422830374

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Joint Venture/Special Purpose Vehicles

Tianli Spinning (Mauritius) Co.

Collateral providers

Joint Venture/Special Purpose Vehicles

Tianli Spinning (Mauritius) Co.

Loan desecription

China Eximbank provides RMB 98 million loan for Phase 2 of Tianli Textile Mill Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2004, China Eximbank provided an RMB 98 million loan to Tianli Spinning (Mauritius) Co. Ltd. — a special purpose vehicle and wholly owned subsidiary of Shanxi Tianli Enterprise Company Limited — for Phase 2 of the Tianli Textile Mill Project. The purpose of Phase 2 was to add another 35,000 spindles and increased the production capacity of the textile mill from 2500 tons to 13,000 tons. Beijing Construction Engineering Group (BCEG) was the contractor responsible for implementation. Phase 2 commenced in September 2004 and was completed in July 2005.

Staff comments

1. The Chinese project title is 天利纺纱（毛里求斯）二期项目. 2. Tianli Spinning (Mauritius) Co. Ltd is a private company incorporated in Mauritius on October 6, 2000. It specializes in spinning, weaving, finish yarn and allied products. It describes its activities as those of a trader, wholesaler, retailer, distributor, importer, and exporter. The company holds an Export Enterprise Certificate. It is located at Wooton, Belle-Rive, Eau Coulée.