ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (80)864
Vol.1980/0273

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
Genero!SecretariatCOM(80)864final
Brussels,16thDecember1980
FOROFFICIAL USEONLY
REQUESTFORASSENT,PURSUANT TOART.56.2.a)OFTHEECSCTREATY
TOGRANTINGARECONVERSION LOANTO"LEONARDLANGLTD.",U.K.
(Communication fromtheCommission totheCouncil)
C0M(80)864final

Communication totheCouncil
.Subject;Requestforassent,pursuanttoArt.56.2.a>oftheECSCTreatytograntingareconversion loantoLeonardLangLtd.U.K.
I.THECOMPANYN°:290
Applicant •LeonardLangLtd.
RegisteredOffice :London(U.K.)
Parentcompanyof :LeonardLangb.v.
applicant Amsterdam (Netherlands )
Beneficiary .Applicant
Fieldofactivityof:Saleandserviceofearthmovingandconstruction
-Ciary machineryandmechanicalhandlingequipment
p.o.i,w u,e-KMo M..,:.ii**:
Tele*:.COMEURBRU 21877.

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II.THEPROJECT
Projectdiscription :ManufactureofEngstromandfmsonarticulated
dumptrucksandofLoaderandexcavation
buckets.
Projectcostfc'0001,000:Land >
:Buildings )
:Plantandmachinery 1,488
:Other 200
:Total 2,688
Proiectschedule :Threeyearscommencing1980
Market :U„K.,Benelux,Germany,Jordan,Scandinavia
Environment ;Environmentprotectionmeasuresinaccordance
withregulationsinforce.
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbya"declinein
ECSCindustries.

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III.THEREGION
Projectlocation :Tafarnaubach,Gwent,S.Wales,U.K,
Unemployment rate 12,6%intheEbbwValeTraveltoworkarea
Nationalaidstatusof:SpecialDevelopment Area
projectarea
TheECSCindustryhasbeenadominantemployerinthearea.
IV.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCreduncancies in
projectarea•ClosureofsteelmakingatBSCEbbwVale
steelworks;about5,000redundancies since
1973.
Jobcreationofproject:250
T^nin ThroughManpowerServicesCommission
TheCommission considersthattherequestcomplieswithArt.56Za>of
theECSCTreatyandthatthenewjobopportunities offeredbythe-rrcj'ect
arecapableofabsorbingredundant ECSCworkersintoproductive eiployne .t.
VRECONVERSION LOAN
Loanrequested fc1.35million
Loangranted TheCommission hasapprovedaloanof
fc1.35million(about 2.2MEUA)or
equivalenttotheabovementioned company
inaccordancewithArt.56operatingpolicies
(O.J.No.C82/8of29March1979).

-L-
Interestrebate :3%pointsperyearforfiveyearson2.2MEUA
Jobbasisofinterestrebate:110
VI.COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttotheforegoing
decision.