ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(80)602
Vol.1980/0191

Disclaimer
Conformément aurèglement(CEE,Euratom)n°354/83duConseildu1erfévrier1983
concernantl'ouvertureaupublicdesarchiveshistoriquesdelaCommunauté économique
européenneetdelaCommunautéeuropéennedel'énergieatomique(JOL43du15.2.1983,
p.1),telquemodifiéparlerèglement(CE,Euratom)n°1700/2003du22septembre2003
(JOL243du27.9.2003,p.1),cedossierestouvertaupublic.Lecaséchéant,lesdocuments
classifiésprésentsdanscedossierontétédéclassifiésconformément àl'article5dudit
règlement.
InaccordancewithCouncilRegulation(EEC,Euratom)No354/83of1February1983
concerningtheopeningtothepublicofthehistoricalarchivesoftheEuropeanEconomic
CommunityandtheEuropeanAtomicEnergyCommunity(OJL43,15.2.1983,p.1),as
amendedbyRegulation(EC,Euratom)No1700/2003of22September2003(OJL243,
27.9.2003,p.1),thisfileisopentothepublic.Wherenecessary,classifieddocumentsinthis
filehavebeendeclassified inconformitywithArticle5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung(EWG,Euratom)Nr.354/83desRatesvom1.
Februar1983überdieFreigabederhistorischen ArchivederEuropäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI.L43vom15.2.1983,
S.1),geändertdurchdieVerordnung(EG,Euratom)Nr.1700/2003vom22.September2003
(ABI.L243vom27.9.2003,S.1),istdieseDateiderÖffentlichkeitzugänglich.Soweit
erforderlich,wurdendieVerschlusssachen indieserDateiinÜbereinstimmung mitArtikel5
dergenanntenVerordnungfreigegeben.

COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(80)602 final
Brussels,20thOctober1980
FOROFFICIAL USEONLY
REQUESTFORASSENT,PURSUANT TOART.56.2.a)OFTHE
ECSCTREATYTOGRANTING ARECONVERSION LOANTO
SOCIETEVALENCIENNOISE D'EQUIPEMENTS PETROLIERS,FRANCE
(Communication fromtheCommission totheCouncil)
C0MC80)602final

Communication totheCouncil
subject:Requestforassent/pursuanttoArt.56.2.a)oftheECSCTreaty
togranting areconversion loanto
SociétéValenciennoise d'Equipements Pétroliers,France..
I.THECOMPANY Nî295
Applicant SociétéValenciennoise d'Equipements Pétroliers
(SOVEP)
Registered Office 58200Cosne/Loire
Parentcompanyof
applicantGroupCreusot-Loi re
Benefîciary :SociétéValenciennoise d'Equipements Pétroliers
Fieldofactivityof
beneficiary•Outputofoildrillingequipment
onoladdressRuedeioLo>200,8-*040Brussels–Telephone350040-358040-Telegraphicaddress:«COMEURBrussels •
Telex-COMEURBRU 218/7.

II.THEPROJECT
Projectdescription Creatingafactoryofmassproducedand
heavyrods(boring-bars ).Regrouping some
presentactivities atValenciennes .
ProjectcostFF.'OOO
Projectschedule:Land ) 4,844
:Buildings )
:Plantandmachinery 27,611
:Other
:Total 32,455
Theprojectalsoincludesland,buildingsand
machineryalreadyinthecompany'spossession
valuedatFF.11.5"million.
:Workstartsin1980 :
Market ThecompanywillproducefortheSMFInternational
oftheGroupCreusot-Loirewhichoperatesonthe
,worldmarket. ry
... .• -S
Environment :Environment protection measuresinaccordance
withrégulations inforce
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries. -

III.THE REGION-3-
Project location :Valenciennes ,Nord ,Nord/Pas -de-Calais, France
Unemployment rate :6.8% inNord/Pas -de-Calais
National aid status of
project areaMaximum regional development grant area
TheECSC industry hasbeen animportant source ofemployment inthearea .
IV.CONFORMITY WITH ART .56OFTHE ECSC TREATY
ECSC reduncancies in
project area:InNord/Pas -de-Calais, 1975-1980 :
Coal 18,000 ;stee.l 6,000 .
Valenciennes estimate :.5,860 insteel ,
Jobcreation ofproject :1*3
Traimng :Agreement with USIN0R ;training by
SMF International .
TheCommission considers that therequest complies with Art .562a)of
theECSC Treaty andthat thenewjobopportunities offered bytheproject
arecapable ofabsorbing redundant ECSC workers into productive employment .
V.RECONVERSION LOAN
Loan requested FF16million
Loan granted TheCommission hasapproved aloan of
FF16million (about' 2.75 MEUA )or
equivalent totheabove .mentioned company #
inaccordance With Art .56operating policies
(OJNoC82/8of29March 1979).

Interestrebate :3%pointsperyearforfiveyearson2.75MEUA
Jobbasisofinterestrebate:138
VI.COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttotheforegoing
decision. .