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DOCUMENTS "COM"
COM(81)714
Vol.1981/0206

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(81)714final.
Brussels,25November1981
FOROFFICIAL USEONLY
Communication fromtheCommission totheCouncil
I
Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreatytogranting
areconversion loantoKentConfectionery Industries Ltd..UnitedKingdom
C0M(81)714final.

Communication totheCouncil
Subject:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion loantoKentConfectionery IndustriesLtd.,
UnitedKingdom.
I.THECOMPANYNo.339
Applicant KentConfectionery Industries Ltd.
Registered Office London
ParentCompanyof
applicantF.B.HoldingsLtd.,Luxembourg
Beneficiary KentConfectionery Industries Ltd.
Fieldofactivityof:Thecompanyhasonlybeenincorporated sinceMay1981
beneficiary Itsadministrative officeisatGreenford,Middlesex,
whereeightpeopleareemployedcurrently.Theyareinvolvedinprojectplanning
andproductresearchandmarketing.
ThedirectorsofF.B.HoldingsLtd.,whichisthepromoteroftheproposedproject
haveextensiveconfectionery interestsinTurkey.Theyalsoactasgeneral
import/exportmerchants.
fle:oLe2COB–ì0'0B'vise-1-ic^?!G/■>.-*-1^!c'Cr^-r--«{ -
Teker

-2-
II.THEPROJECT
Projectdescription :Theprojectisanewmanufacturing operationfor
theU.K.andrequiresthetransferofexistingsmall-scale operations from
GreenfordtoBridgend,SouthWales.Itinvolvestheproduction,fromOctober
1981onwards,of"TurkishDelight",and"Halva",turkishconfectionery
specialities .In1983theproductrangewillbeextendedtoinclude"Tahini"
andassortednuts.Thecompanywillacquirefreeholdlandandbuildings,
whichcomprise60000squarefeetoffactoryandofficespace.
Projectcost :Land )
(inmillionh) :Buildings )
:Plantandmachinery 1.1
:Other 0.1
Total 2.2(3.977MioECU)
Projectschedule :Theprojectwillbeimplemented intwophases.
PhaseIwillcommencebytheautumnof1981.ProductionresultingfromPhaseI
isexpectedduringthelastquarterof1981.PhaseIIislikelytocommence
inthesecondquarterof1983andtheprojectwillbefullycompleteand
operational bythelastquarterof1983.
Market Theproductsareprimarilyintendedforthe
consumption ofSouthernEuropeanandMiddleEasternnationalsresidingin
theE.E.C.TurkishDelightwillbeproduced50%forhomemarket -consumption
and50%forexport.80%ofexportswillbetotheE.E.C.75%ofHalva
productionwillbeexported.23%ofHalvaexportswillbetonon-E.E.C.
markets.
Environment Environment protection measuresinaccordance
withregulations inforce
Thesectoralandcompetitionaspectsoftheprojecthavebeenclosely
examined;theydonotruncountertograntingtherequestedloan.
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries.

-3-
III.THEREGION
ProjectLocation :WatertonIndustrialEstate,
Bridgend,Mid-Glamorgan ,SouthWales.
Unemployment rate :PortTalbottravel-to-workarea:
14%inMay1981
Nationalaidstatusof :Assistedareaintermsofregionalpolicy
Projectarea
TheECSCindustryhasbeenanimportantsourceofemployment
inthearea.
!V.CONFCRMITY_WIIH_ARI il_56_gF_THE_ECSC TREATY
ECSCredundancies ir,
projectarea
JcbcreationofprojectOverthepastfouryearsupto
1March1981,B.S.C.Velindreplant:500;
B.S.C.PortTalbot:6900;
DuportLlanelli 1426.
About340jobsbytheendof1986,of
which290willbefordirectlabour.
Training :Atrainingprogrammewillbeprovided
fordirectlabour.Otherpersonnelto
berecruitedwillalreadypossessthe
requiredskills.
TheCommissionconsidersthattherequestcomplieswith
Art.562a)oftheECSCTreatyandthatthenewjob
opportunities offeredbytheprojectarecapableof
absorbingredundantECSCworkersintoproductiveemployment.

RECONVERSION LOAN
Loanrequested :fc1.1M
Loangranted :TheCommissionhasapprovedaLoanof
t1.1M (about1.98 MioECU)
orequivalenttotheabovementioned
companyinaccordancewithArt.56
operatingpolicies (O.J.No.C82/8
of29March1979).
Interestrebate :3%pointsperyearforfiveyearson
1.98MioECU
Jobbasisofinterestrebate:99jobssuitableforformercoalandsteel
workers.Thecompanyconsidersthatinfact275jobsaresuitableforex-
ECSCworkers.Mostofthemwillofcoursenotbenefitfromtherebate
becausetheceilingfortheinterestrebateisdeterminedbytheamountof
theloan.
COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.