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Vol.1980/0161

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COM(80)470 final
COMMISSION Brussels 28July1930
OrTHE
EUROPEAN COMMUNITIES FOROFFICIAL USEONLY
GenerolSecretariat
REQUEST FORASSENT,PURSUANT TOART,56,2.a)OFTHEECSCTREATY TO
GRANTING ARECONVERSION LOANTOCLARKANDFENN(HOLDINGS )LTD,,U.K.
(Communication fromtheCommission totheCouncil)
C0M(80)470final

COMMISSION
OFTHE
EUROPEAN COMMUNITIES
Internal document
Communication totheCouncil
C
Subject;Requestforassent,pursuant toArt.56,2.a)oftheECSCTreaty
togranting areconversion loantoClarkandFenn(Holdings )Ltd,,U.K
f
I.THECOMPANY N°:299
S3SSSS5S5S3
Applicant :ClarkandFenn(Holdings )Limited
Registered Office :Croydon
:ClarkandFenn(Holdings )Ltd.isawhollyowned
subsidiary ofTrollope &CollsHoldings Limited
whichinturnisawhollyownedsubsidiary of
Trafalgar HouseConstruction Holdings Ltd.which
companyiswhollyownedbyTrafalgar HouseLtd.
!Thisisanewventureandwillbeadministered by
acompany asyettobenominated .Thiscompanywilt
beawhollyownedsubsidiary ofClarkandFenn
(Holdings )Ltd.anditisthatcompanyinwhose
:nametheapplication ismade.
•Thenewcompanywillmanufacture andsellmineral
wool,
«'MiiiioJirtfc d*loLoi200,U-Î0-10Bruiseli -•lclcuhoin ?J!>00*10-35BQ<10-Iclcoroplm »COMlUK|lri-r.srK*-
Telón :»COMfIIKI1HIJiIU/7.Parentcompanyof
applicant
Beneficiary
Fieldofactivity of
beneficiary

II,THEPROJECT
SS:S3SSSS=3
Projectdescription ITheprojectistobuildanewmineralwool RjiJ
,manufacturing plantwithacapacity of12,000
tonnesofmineral woolperannum,
Projectcost sLand b25,000
jBuildings 1,374,000
!Plantand«achinery 2,468,000
;Other 143,000
xTotal, h4,010,000
Project schedule
Market
EnvironmentConstruction willstart 1October 1980.
Construction periodisLikelytobe18months
withonemonthforstart-up/commissioning .The
plantshould,therefore,startproduction 1May
1982.
ThermoAccoustic Products Limited (T.A.P.),a
whollyownedsubsidiary ofClark&Fenn(Holdings !
Ltd.,willuseupto7,000tonfpesforthemanu­
factureofmineralfibreceiLingtiles.The
remainder willbe§oldasloosewoolintheU.K,
insulation market.
Environment protection measures inaccordance
withregulations inforce
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcerned whichisaffectedbyadeclinein
ECSCindustries , 1

-s-
III.THEREGION
sssssssxsa
Projectlocation :CrownAvenueIndustrial EstateatTredegar-
Gwent,nearEbbwVale,S,WaLes
«
Unemployment rate i13,3%
Nationalaidstatusof;SpecialDevelopment Area
project area
TheECSCindustry hasbeenadominant employer 1nthearea.
IV,CONFORMITY WITHART,56OPTHEECSCTREATY
sssssssssanBasBsssssmBasaasssasassssBBii
ECSCreduncancies in
project areaBytheendofMarch1980theB.S.C,EbbwVale
labourforcewasabout3,600,areduction of
some5,400since1973whentheclosures took
effect,.
Jobcreation ofproject :47newjobs
Training ;Trainingwillbeprovided byapplicant
TheCommission considers thattherequestcomplieswithArt,562a)of
theECSCTreatyandthatthenewjobopportunities offeredbytheproject
arecapableofabsorbing redundant ECSCworkersIntoproductive employment .
V,RECONVERSION LOAN
"SSS3SS33S3S9S3B8
Loanrequested ;fc2million
Loangranted ;TheCommission hasapproved aloanof
million (about3,33 MEUA)or
equivalent totheabovementioned company ^
inaccordance withArt,56operating policies
(0,J,No,C82/8of29March1979),

•Lm
Interest rebate I3Xpointsperyearforfiveyearson
" 900,000 EUA
Jobbasisofinterest rebate;45
VI.COUNCIL ASSENT
«3SS$S8S5SB833
TheCommission InvitestheCounciltogiveItsassenttotheforegoing
decision .
ι
V