Completed Development AidData Chinese Aid

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

¥98M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Tianli Spinning (Mauritius) Co.
Country	Mauritius
Start Date	Sep 01, 2004
End Date	Aug 29, 2033
Duration	10,589 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`24931`

Grant Description

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

The Chinese project title is 天利纺纱（毛里求斯）二期项目.
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.

📚 Sources & References

http://en.sxtianli.cn/newEbiz1/EbizPortalFG/portal/html/InfoContent.html?InfoContent150_action=show&InfoPublish_InfoID=c373e9234f9bad6b8f7a1b3bb06512a2
China Establishes Spinning Company in Mauritius Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Tianli Spinning (Mauritius) Co.

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