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COM(80)428
Vol.1980/0151

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COM(80)428 final
COMMISSION Brussels,22ndJuly1980
OFTHE
EUROPEAN COMMUNITIES ,* FOROFFICIALUSEONLYCOMMISSION Brussels,22ndJuly1980,
OFTHE
GenemlSecretariat
REQUESTFORASSENT,PURSUANTTOART.56.2a)OFTHE
ECSCTREATYTOGRANTING ARECONVERSION LOANTO
WATERFOOD GLASSLTD,IRELAND
(Communication fromtheCommission totheCouncil)
C0M(80)428final

COMMISSION -s.
OFTHE
EUROPEAN COMMUNITIES
Internaldocument
Communication totheCouncil
Subject:Requestforassent/pursuanttoArt,56.2.a)oftheECSCTreaty
tograntingareconversion loantoWaterfordGlassltd>Irelandt
I.THECOMPANY N°!277
Applicant Waterford GlassLtd*
Registered OfficeKilbarryWaterford,Ireland
Parentcompanyof
applicant
BeneficiarySame
Fieldofactivityof
beneficiaryManufacture ofhandblownandhandcutlead
crystalglasswareproducts
i;fv.•-n<>loddress :RuedeloLoi200,B-1040Brussels-Telephone350040-358040-Télégraphieoddress:«COMEURBrussels■–
Telex:•COMtURBRU 218/7.

II.THE PROJECT '
-.if ' ...
Project discription :Plant fortheproduction ofmoOth-blown ,
> hand cutcrystal lighfringware
Project cost :Land « 720
IRfc1.000 :Buildings 2,155
:Plant and machinery 3,522
1:Other -
ï-Total 6,397
Project schedule :Start upin1981
Market :Largely export toU.S.A.
l
Envi ronment :Environment protection measures'in accordance
with régulations inforce .
Theproject appears economically sound ;itwill make avery useful contribution
totheredevelopment oftheregion concerned which isaffected bya"decline in
ECSC industries .

-3-
III.THE REGION
Project location
Unemployment rate
National aid status of
project area
The ECSC industry has been adominant employer inthe area .
>.
IV.CONFORMITY WITH ART.56 OF THE ECSC TREATY
ECSC reduncancies in :260 miners .
Project area
Jobcreation ofproject :^^0
Training :Programme asperagreement with Industrial
, Development Authority and the Industrial
Training Authority .
The Commission considers that the request complies with Art.562a)of
the ECSC Treaty andthat the new jobopportunities offered bytheproject
are capable ofabsorbing redundant ECSC workers into productive employment .Townland ofLismore ,County Waterford ,
South East Region ,Ireland .
 
:9.2 %inCounty Waterford .
:Normal aided area like the whole of
Ireland .-
V . RECONVERSION LOAN
Loan requested IR fc3million .
Loan granted The Commission has approved aloan of
IR fc3million (about 4.45 MEUA)or
equivalent tothe above mentioned company
inaccordance with Art.56operating policies
(O.J. No.C82/8of29March 1979).

-4-
Interest rebate :3Xpoints peryear forfiveyears on2MEUA.
Jobbasis ofinterest rebate :100
j-
VI.COUNCIL ASSENT
TheCommission invites theCouncil togiveitsassent totheforegoingaecision . _