ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(80)798
Vol.1980/0253

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(80)798 final
Brussels,,gthNovember1980
FOROFFICIAL USEONLY
REQUESTFORASSENT,PURSUANT TOART.56.2.a)OFTHEECSCTREATY
TOGRANTING ARECONVERSION LOANTOSONY(U.K.)Ltd..U.K.
(Communication fromtheCommission totheCouncil)
COM(80)798final

Internaldocument
Communication totheCouncil
Subject:Requestforassent/pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion loantoSony(U.K.)Ltd.,U.K.
I.THECOMPANY N°:305
Applicant Sony(U.K.)Ltd.,U.K.
RegisteredOffice London
Parentcompanyof
applicantSonyCorporation
Beneficiary Sony(U.K.)Ltd.
Fieldofactivityof
beneficiaryDistribution of"Sony"brandedproductsinthe
UnitedKingdomandmanufactureofSony"Trinitron"
colourtelevisionsetsforthedomesticandexport
markets.
\<..^odIoddiessPuedeloLoi200,6-1040Brutsels-Téléphoné330040*358040 -TelcgropHicoddrc&s:«COMEURBrusscl**-
ί.·ι·(ϊΓίΐΐΊιΐηηιηιι^&Π

II.THEPROJECT
Projectdescription :Theexpansionprojectisforthemanufacture
of"Trinitron"colourtelevision tubesfor
'in-house 1useinthemanufacture ofcolour
television setsatBridgendPlant.
4,873Projectcostt'OOOs :Land )
:Buildings )
:Plantandmachinery 2,130
:Other 440
:Total 7,443
Projectschedule :By1983/84,120,000tubes*arelikelytobe
manufactured whichwilldirectlyreplacethe
currentimportofthesetubesfromJapan.
Market :Thetubeswillbeincorporated intocolour
televisions forexportmainlytoWestGermany
andFrance. ^
Environment :Environment protection measuresinaccordance
withrégulations inforce
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries. 1

THEREGION
Projectlocation :Bridgend,SouthWales
Unemployment rate 7.8%inPortTalbottravel-to-workarea
Nationalaidstatusof
projectareaSpecialDevelopment Area
TheECSCindustryhasbeenanimportantsourceofemployment
inthearea.
CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundancies in
projectarea:7,000workersatPortTalbotare
supposedtoben^deredundantby
theendof1980.
Jobcreationofproject 120
Training ;Ifrequired,trainingwillbeprovided
bySony(U.K.)Ltd.
TheCommission considersthattherequestcomplieswith
Art.562a)oftheECSCTreatyandthatthenewjob
opportunities offeredbytheprojectarecapableof
absorbingredundant ECSCworkersintoproductive employment .

RECONVERSION LOAN
Loanrequested :fc3.7million
Loangranted :TheCommission hasapproved aloan.
offc3.7miIlion(about 6.11MEUA)
orequivalent totheabovementioned
companyinaccordance withArt.56
operatingpolicies(O.J.No.C82/8
of29March1979).
Interestrebate
Jobbasisofinterestrebate:32pointsperyearforfiveyearson
2.1MEUA
105
CQyNCIL_ASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.