Highlights: Export-Import Bank of the United States

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	Ex-Im Bank’s Annual Report to Congress on Export Credit Competition (aka “Competitiveness Report”) for 2007 provides a comprehensive evaluation of the competitiveness of the Export-Import Bank of the United States in its medium- and long-term programs during calendar year 2007. Prepared annually by Ex-Im’s Policy Group, this year’s Report focuses on the "Competitive Implications of the Diverging Paths (of Export Credit Agencies): Lenders of Last Resort vs.Quasi Market Players." Specifically, the Report delves into the philosophical and operational orientation of Quasi Market Player ECAs (QMPs) and how this perspective is shaping their strategic choices and tools. Further, the Report also discusses the implications of the QMPs' choices as they affect the competitiveness of Ex-Im Bank and the U.S. exporting community it is designed to serve. Finally, the Report explains that the evaluation methodology has traditionally relied upon discrete ECA elements and programs may no longer be the only or best measure to judge Ex-Im Bank's competitiveness because many of the new tools QMP ECAs are using are outside the traditional programs and tools.
	Workers at GE Energy, Houston, Texas, assemble GE LM6000PC SPRINT® low-emission gas turbine generators to be sold by GE Energy to Aksa Enerji Uretim A.S. (Aksa), a private Turkish power generation company. Ex-Im Bank is guaranteeing a JP Morgan Chase Bank loan to Aksa to buy the equipment to be installed in a 238-megawatt power plant in Turkey’s Antalya region.
	PROMOTING U.S. EXPORTS TO INDIA - Ex-Im Bank Director Diane Farrell (center) and Business Development Officer Talaat Rahman (far right) promoted the Bank's ability to help finance U.S. exports to small- and medium-sized Indian enterprises (SMEs) during a meeting with the Confederation of Indian Industry (CII) in Hyderabad, India. CII is a non-governmental, not-for-profit, industry-led and industry-managed organization. Founded over 112 years ago, it has a direct membership of over 7,000 organizations from the private and public sectors, including many SMEs.
	United Solar Ovonic LLC in Auburn Hills, Mich., is using a $25 million revolving credit line guaranteed under Ex-Im Bank's 'Fast Track' Working Capital Guarantee Program to finance the export of its thin-film solar laminates to customers in Europe and Asia. The guaranteed lender is JP Morgan Chase Bank in Cleveland, Ohio. Ex-Im Bank's 'Fast Track' program helps U.S. exporters to obtain larger working capital loans in less time.
	Chindex International Inc. in Bethesda, Md., is exporting diagnostic medical equipment from four major U.S. manufacturers for the Liaocheng People's Hospital in Shandong Province, China, with the support of a seven-year, $4.5 million loan guarantee from Ex-Im Bank. The transaction is the first to be done under Ex-Im Bank's framework agreement with China's Ministry of Finance. Among the U.S. exports is ultrasound equipment (pictured) manufactured by Siemens USA Inc. in Mountain View, Calif.
	Bio-Microbics Inc., a small business in Shawnee Mission, Kan., is exporting wastewater treatment systems and related equipment to Acuapro S.A. of Monterrey, Mexico, with the backing of a 10-year, $824,000 loan guarantee from Ex-Im Bank. The guaranteed lender is COFINE S.A. in Monterrey, Mexico. The transaction received longer than normal repayment terms under Ex-Im Bank's Environmental Exports Program. Pictured: Bio-Microbics employees at the company's warehouse prepare an equipment order for shipment.
	Workers at GE-Transportation factories in Pennsylvania are assembling these GE Evolution Series (EVO) 44AC diesel electric locomotives as part of a $92 million sale to Mexico’s Grupo Ferroviario Mexicano (GFM), owner of Ferrocarril Mexicano, S.A. de C.V. (Ferromex), one of the country’s largest private railways. The Export-Import Bank of the United States is guaranteeing the loan to GFM being made by, Calyon, S.A., of Courbevoie Hauts de Seine, France
	Retech Systems LLC, a small business located in Ukiah, Calif., is using a $20 million working capital guarantee from the Export-Import Bank of the United States (Ex-Im Bank) to export its metals-processing equipment to Shanghai Baoshan Iron & Steel Co. Ltd. of China. The company is the market leader in sales of large-scale electron-beam and plasma systems. The equipment being exported to China (similar to Retech's cold-hearth furnace pictured above) will be used to increase titanium production for China's domestic market. Photo courtesy of Retech Systems LLC.
	State-of-the-art U.S.-made oil well measurement technology has been sold to Nigerian-based Drillog Petro-Dynamics Ltd. in Port Harcourt, Nigeria with the help of a $13.1 million loan guarantee from Ex-Im Bank. These are Logging While Drilling (LWD) tools. They each measure a different characteristic of the underground formations (materials) around the well. Put together, these different measurements indicate the likely location of oil and gas.
	LeTourneau Technologies Inc., of Longview, Texas, delivers its mobile jack-up oil-drilling rig, named PANUCO, from its shipyard in Vicksburg, Miss., to Sabine Pass, Texas, en route to final delivery to a subsidiary of Perforadora Central S.A. de C.V. in Mexico. The $130 million export is being supported by a $54 million Ex-Im Bank-guaranteed loan to the foreign buyer from BBVA Bancomer of Mexico City. It is the first financing of a mobile drilling rig to be guaranteed by Ex-Im Bank.
	Reliance Petroleum Ltd. (RPL) of India will build a $6 billion state-of-the-art oil refinery and petrochemical complex in Jamnagar Gujarat, India, using U.S. equipment, technology and services financed by a $500 million loan guarantee from the Export-Import Bank of the United States (Ex-Im Bank).
	When the fire trucks roll out of stations in Istanbul,Turkey, the firefighters will have small-business employees in Michigan and Louisiana to thank for the state-of-the-art equipment they are driving. And the U.S. companies will have Ex-Im Bank to thank for the loan guarantee that made it possible for them to sell 55 high-technology firefighting vehicles to the Municipality of Istanbul and to add 100 new employees. The fire-truck superstructure will be added to the rear portion of the chassis.
	Artist's rendering of one of the four Vietnam Airlines Boeing 787-8 Dreamliners for which Ex-Im Bank has provided a preliminary financing commitment. (Artwork courtesy Boeing)
	Ex-Im Bank-backed $20 Million Sale of Diebold ATMs to Kazakhstan supports U.S Jobs, Kazakhstan's Banking Infrastructure
	Aquatech International Corporation, a water purification technology company headquartered in Canonsburg, Pa., is using a $23 million working capital loan guaranteed by Ex-Im Bank to export a waste water recycle/reuse system to Oman. Aquatech created some 30 jobs for the Oman project. The company has approximately 155 employees at its main facility in Canonsburg, Pa., and 20 employees in Milwaukee, Wis.
	This image is an artist's depiction of PowerLight Corporation's solar power project to be built in Gwangju, Korea. The project is being financed by a 15-year Ex-Im Bank-backed loan guarantee from City National Bank in Los Angeles.
	CONNECTICUT WORKERS will manufacture six Sikorsky S-76C++ helicopters, similar to this S-76C+, for Lider Aviação of Belo Horizonte, Brazil. Ex-Im Bank is providing a $41 million, seven-year direct loan for the purchase. It is the second sale of Sikorsky helicopters authorized by Ex-Im Bank to Lider Aviação. (Photo: Sikorsky)
	EXPORTERS OF U.S. GOODS AND SERVICES will benefit from a loan guarantee of up to $403.5 million to support the export of U.S. equipment and services to Qatar Liquefied Gas Company 3 Ltd. (Qatargas 3) to build a natural gas liquefaction plant and related facilities in Qatar, similar to this existing LNG plant also located there. (Photo: Qatargas)
	WORKERS IN SAVANNAH, GEORGIA will manufacture three Gulfstream G350 aircraft (pictured) to be exported to National Air Services in Jeddah, Saudi Arabia. Ex-Im Bank is supporting the transaction with a long-term loan guarantee for guaranteed lender Arab Banking Corp. in New York City. (Photo: Gulfstream Aerospace)
	THIS VILLA is part of the 120-villa expatriate housing community in Doha, Qatar that will be built with equipment and services exported by U.S. companies from across the nation. A $30 million loan guarantee from the Export-Import Bank of the United States is backing the U.S. export portion of the project (Artwork: Almana Group, WLL).
	SMALL BUSINESS CREATES JOBS AND ENVIRONMENTAL BENEFITS - Flare Industries Inc. in Austin, Texas is a small business that manufactures flares for offshore production, refineries, and other petrochemical projects. Their products burn or oxidize industrial waste gases safely and efficiently. Since 2001 the family-owned company has benefited from Ex-Im Bank´s environmental exports credit insurance and also has a working capital line of credit from a local bank that we are guaranteeing as well. The company reports that over 90% of their products are exported, producing 40 export-related jobs.
	A $930 million Loan Guarantee from Ex-Im Bank will support the export of U.S. goods and services to Qatar Liquefied Gas Co. Ltd. II (Qatargas II) to build a liquefied natural gas (LNG) project and related offshore and onshore facilities in Qatar.