ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(76)381
Vol.1976/0115

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COMMISSION OFTHEEUROPEAN COMMUNITIES
/COM(76)381Final
Brussels.16July1976
I,
COMMUNICATION TOTHECOUNCILFROMTHECOMMISSION
concerningarequestforanassent,'pursuanttoArticle56
para.2(i.)oftheECSCTreaty,forthegrantofareconversion
.I
loantotheSociétél'UnitéHermétique (France)
/
00.;(76)381Final

COMMISSION
OFTHE
EUROPEANCOMMUNITIES
COMMUNICATION TOTHECOUNCIL
Subject:Requestforanaccent,purr.nianï;toArticle$6§2(a)ofthe
ECSCTreaty,for-thegrantofareconversion loantothe
SociétéL'UnitéHermétique (France)
I.ESSENTIAL TOTFORMATION
Applicant:
Beneficiary :
Pro.ject:
Location:
Investment :
Loanrequested:
Jobscreated:L'UnitéHermétique S.A.
Game
Construction ofaplantforthe
productionofrefrigerating compressors
ZoneIndustrielle deLaMure(Communede
Saint-Honoré )
3,5millionEUA(FF18,14million)
1,152millionEUA(FP6million)^
*'
300ofwhich140jobswillbeoffered ;
inprioritytoformerminersofthe
BassinduDauphineofLaMure.
II.CONFORMITYWITHARTICLE56§2(a)OFTIIEECSCTREATY
TheminingregionofDauphinelocated34kmsouthofGrenoblecomprisestheminesofLaMure.ThepopulationofLaMureandtheneighboringtownofSurvilleamountsto7,000peopleofwhichabout
1400areemployedintheindustrywhichuntilrecentlywasalmostallcoalmining.SincedemandforcoalhasbeenreducedsignificantlytheFrenchauthoritiesincooperationwiththeNationalCoal^
Mineshaveplannedagradualreductionofemploymentinthemines^intheorderof60-110.jobsannuallyduringthecomingthreeyears.
Theinvestmentprojectpresentedinthepresentrequestwillbeablotoreabsorbasignificantpartoftheseredundantminersinto
productiveemployment.
III.THEUNDERTAKING
Description :
LeralStatus:
Established :
Administrative headquarters :
Registeredcapital:L'UnitéHermétiqueS.A.
LimitedCompany
24.12.1953
LaVerpillière
FF22,900,000whichisowneda;ifollow
-99*9/°by"theSocieteThornson-B:i*ndt
0.1foothers.

*–:~*rr: 1 ■
%
-2-
IV.TIKPROJECT
Theprojectconcernsanextensionoftheproductioncapacityof
L'UnitoHermetiquc byconstructing anewassemblyshopatLaMure
whichislocatedabout120Ionfromthecompany'smainplantatLa
Verpilliere .
Thenewplantwillbeconstructed intheindustrialestateof
LaMure-St-Honoreonasiteof6.25haandwillcover7>850
Thesiteislargeenoughforfutureextensions.
ThetypeofproductstobeproducedatLaMureconsistof
compressors oftype"All"whichcoverstherange1-3horsepowers.
Severalmodelsaretobeproducedpendingtheuseforairconditioners ,
heat-pumps,orcommercialrefrigerators .Theprojectwillcreatea
totalannualcapacityof150,000"Alt"compressorsby1980.
V.THEMARKET
L'UniteHermetiqueisoneof3importantproducersofcompressors
inEuropeandisspecialising inhighhorsepowercompressorsfor
useincommercialrefrigeration andairconditioning .Salesofthe
"AH*!compressorisexpectedtoreach60,000unitsin1976andto
increaseto150,000by1980.
Thegrowthofthemarketisbaseduponanexpectedincreasein
demandincommercialrefrigeration especiallyfromdeveloping
countriesincludingthepetroleumproducingcountries.InEurope
demandincreasesareexpectedfromdistributors offrozenfoods.
Rrrthermore ,additional demandforairconditioners bothinEuropeand
indevelopingcountriesisexpectedtomaterialiseby1980.
Demandforcompressorsforuseinheatpumpsisalsoexpectedto
inoreasesignificantly ,sincetheefficiencyofBuchpumpswithrespect
tocalorificreturnisthreetimesashighasthereturnobtained
throughheatingbyclassicalelectricresistance.
VI.SOCIALASPECTS
Atotalnumberof300jobswillbe.createdbeforeDecember197°»and
bedistributed asfollowswithrespecttojobtype:
specialisedworkers 234(ofwhich24%female)
skilledworkers 32
otherstaff 29
management 5 I
Alljobsrequiringskilledworkersand20ofthe29jobsforotherstaff
aswellas88ofthe234jobsforspecialized workersareconsidered
attractivetoconvertedminerswithrespecttosalarylevel.These
140jobsarethereforereservedtoformerminersfromthearea.
Λ ·/·

-3-
Theex-miners will take part inretraining attheFPAcentre at
LaMure with support from theservices ofthelocal collieries .
After this basio training thepersonnel will have totake part in
additional training attheUnite Hermetique plants atCessieu
andLaVerpillicre .Inaccordance with thetypes ofskills
required thetraining atCessieu andLaVerpilliere will last
between 3and 6months .
Thenewproject will notaffect thelevel ofemployment at
company 'sCessieu andLaVerpilliere plants which isexpected to
remain atabout atotal of2,000 jobs forthetwoplants .
VII .FINANCIAL ASPECTS
Thesummarised finance plan fortheproject isasfollows :
Requirements '000 FF Resources
Plant site andbuildings 7151 Caeh floW
Machinery andequipment 10989 Regional development'000 FF Resources*000 FF
7151 Cash flow 7640
10989 Regional development 4500
premium
ECSC lOcin6000
1814018140
Adiscounted rate ofreturn onthefirings total investment prograjmne
I976-8O of15%hasbeenestimated ,which isasatisfactory
profitability .
VIII »CONCLUSIONS
(a)TheCommission considers thattherequest complies withArticle
<S6r>2(a)oftheECSCTreaty andthattheproposed invecment ir>economically sound .*consequence theCommission hasapproved
11S2million EUA (FF6million)or itsequivalent value .Fo1,152 million a v miiiion EUAtherate ofinterest willanamount ofupto1*15^miii . f■„i.five vearsbereduced bythree percentage point*forthefirst fiveyears
after thepayment orpayments .
•4.~tu rftn»t(«il tofrive itsassent tothe
(b)TheCommission invites theCouncil uog
foregoing decision .