ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(81)756
Vol.1981/0215

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(81)756 final
Brussels,16December 1981
FOROFFICIAL USEONLY
COMMUNICATION _FROM_THECOMMISSION TOTHECOUNCIL
Requestforassent,pursuant to^Article56(2)(a)ofthe
ECSCTreatytogranting areconversion Loanto
UTEMA-TRAVHYDRO ("TRAVHYDRO ")S.A.,Belgium
♦
C0M(81)756final

INTERNAL DOCUMENT
CommumcationtotheCouncil
Subject:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
togranting areconversion loantoUTEMA-TRAVHYDRO ("TRAVHYDRO ")S.A.,
Belgium .
THECOMPANY
c====_===„ No-334
Applicant :UTEMA-TRAVHYDRO ("TRAVHYDRO ")
Registered Office :Brussels
Λ
Parentcompanyof :Usines àTubesdelaMeuseS^.A.
applicant
Beneficiary :"TRAVHYDRO 1
Fieldofactivityof :Manufacture ofmetalstructures (frameworks ,pylons).
beneficiary Construction ofwaterpurification plant.Manufactur
ofmetalframeworks ,scaffolding ,ladders and
shelving .Coating andprotection ofsurfaces
againstcorrosion .
»!<».©de!oLoi200,B-1040Br^isels -Tcicpl■::35*00«0-J5-20-Telegrophi' "cd'.J«os<:C.'OMH •îuB'.«
Telex •COMF'.iRrjRiJ ?U>/.'*

-2-
II.THEPROJECT
Projectdescription :Extensionandmodernization ofthecompany.
Replacementofexistingtoolsandequipment.■
Launchingofnewactivity(specialpipefittings,
industrialandsanitarypiping-sanitaryfitments).
ProjectcostLanjBFrs130million_+3.14MioECU
Buildings ;
PlantandmachineryBFrs82million+1.98MioECU
Other* BFrs10mi11ion+_0.24MioECU
Total BFrs222million+5.36MioECU
Projectschedule 19801983
Market BelgianmarketandMemberStatesoftheEEC
Environment :Environmentprotectionmeasuresinaccordance
withrégulations inforce
«
Thesectoralcompetitionaspectsoftheprojecthavebeencloselyexamined.
Theydonotruncounter-tograntingtherequestedloan.
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries.
*RemovalfromSclessin-Alleur BFrs5.0million
Rollingstock BFrs4.3million
Officeequipmentandfurniture BFrs0.8million
Total BFrs10.1million,roundeddownto
BFrs10million

-3-
III.THEREGION
Project Location Alleur (Liègeprovince )
(Alleurindustrial estate)
Unemployment rate 19.1/4(endDecember 1980)
National aidstatusof
project areaDevelopment area
TheECSCindustry hasbeenanimportant sourceofemployment
inthearea.
IV.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundancies ir.
project area
Jobcreation ofprojectLiègeprovince *
4,610(1975-1979)-steel
1,718(1975-1979)-coal
1,220(December 1979-March1980)-steel
27,ofwhich23willbenefit from
theinterest rebate
Training ByTravhydro "incollaboration
withONEM(OfftceNational del'Emploi)
TheCommission considers thattherequest complies with
Art.562a)oftheECSCTreatyandthatthenewjob
opportunities offered bytheproject arecapableof
absorbing redundant ECSCworkersintoproductive employment .
*Source:Groupement desHautsFourneaux etAciéries Belges.

V.RECONVERSION LOAN
Loanrequested
LoangrantedBFrs90millionoréquivalent
(+2.18MioECU)
TheCommissionhasapprovedaloanof
BFrs90mi11ion(about2.18 MioECU)
orequivalenttotheabovementioned
companyinaccordance withArt.56
operatingpolicies (O.J.No.C82/8
of29March1979).
Interestrebate 3%pointsperyearforfiveyearson
0.46MioECU
Jobbasisofinterestrebate23jobssuitableforandtobeofferedin
prioritytoex-ECSCworkers.
VI.COUNCILASSENT
TheCommissioninvitestheCounciltogiveits.assenttothe
foregoingdecision.