ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(76)169
Vol.1976/9007

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
SecretariatCOM(76)169final
Brussels,29thApril1976
CONFIDENTIAL
COMMUNICATION FROMTHECOMMISSION TOTHECOUNCIL
Requestforanassent,pursuanttoArticle56§2(a)oftheECSCTreaty,
forthegrantofaredevelopment loantotheSociétéArlésiennedeVinyle
(France)

COMMISSION
OPTHE
EUROPEANCOMMUNITIESC
COMMUNICATION TOTHECOUNCIL
Sub.ject:Requestforanassent,pursuanttoArticle56§2(a)oftheECSC
Treaty,forthegrantofaredevelopment loantotheSociété
ArtésiennedeVinyle(France)
I.ESSENTIAL INFORMATION
CdFChimie
SociétéArtésiennedeVinyle
Construction ofaplanttoproducepolyvinylchloride
(PVC)
Mazingarbe (Pas-de–Palais)
FF155.9million(+30.19millionEUA)'
FF40million(+7*74millionEUA)
Jobscreated:160jotsofwhichatleast50willlieofferedin
prioritytoex-ECSCworkersoftheHouilleresdu
BassinduNordetduPas-de-Calais(H.B.N.P.O.)
II.CONFORMITY WITHARTICLE56§2(a)OFTHEECSCTREATY
TheFrenchauthorities haveplannedagradualreductionoftheemployment
incoalminingregionswhichincludestheH.B.N.P.C.Thisplanned
reductionofemploymentisaconsequenceofthefundamental changesin
marketconditionsforcoal.Theinvestmentprojectinquestionwill
createanewactivitycapableofreabsorbingatleast50workersinto
productiveemploymentoftheabout6000minersexpectedtobemade
redundantfromH.B.N.P.C.closuresbeginningin1976.
III.THEUNDERTAKING
Description ;SociétéArtesienne deVinyle
Légalstatus:Limitedcompany
Established :1974
Administration Headquarters :Courbevoie-ParislaDefense
Registeredcapital:100,000FFwhichisownedasfollows:
-CdFChimie 74.4$
-Sociétéd'IntérêtChimique
(99•97°ownedbyCdPChimie)25.0"Jo-Other 0,6%
100.0% /Applicant:
Beneficiary :
Project:
Location:
Investment :
Loanrequested:
Jobscreated:

0
-2-
IV.THEPROJECT
Theprojectconsistsoftheconstruction offactorybuildingsand
installation ofapolymerisation sectionwhichwillinclude4linesof
five35m^reactorseach,withaproductioncapacityof120,000tonnes
ofPVCperyear.
Inafirstphase,threelineswillheinstalledto"becommissioned on
1January1976.Thefourthlineisscheduledto"becommissioned on
1January1977*Partoftheinstallations are,however,commontoall
fourlines,andthecorresponding investmentexpenditureswill"bepaid
underthefirstphase.
Attheendoftheproductionlinesthefollowingfacilitieswill"be
installed :
-recuperation andpurification ofnon-polymerised vinylchloride
monomer
-dryingofthePVC
-airpressuredtransportandstockingofthePVC
Totalannualproductionofthefourproductionlineswill"be67,530
tonnesofPVCin1976and103,000tonnesin1977*
V.THEMARKET
Theannualcapacityoftheprojectof120,000tonnesrepresentsabout
2QcfoofpresentannualPVCproductioncapacityinPrance.Thismarket
isinrapiddevelopmentinPrance,wherePVCismainlyusedforthe
productionofplastic "bottlesandintheconstructionindustry(e.g.
waterandventilationpipes).
VI.SOCIALASPECTS
The160jobstobecreatedwillconsistof123skilledandsemiskilled
jobsand37jobsattheadministrative andtechnicalstafflevel.
Atrainingprogrammehasbeenplannedtobeundertakenpartlybyinter­
mediatelocalorganisations andpartlybythetrainingservicesof
CdPChimie.Satisfactory andcompetitivesalarieshavebeenplanned
forallblueandwhitecollarworkersinaccordancewiththepersonnel
policyoftheCdFChimiegroup.
VII.MVIRONMEWTAL ASPECTS
Ithasbeenrecognisedthatprolongedand/orrepeatedexposures
to:vinylohloridemonomer(VCil)nay~.cc.usethe
"CVM-syndrome",encompassing ,inadditiontooccupational acro-osteolysis ,
skindiseasesuchasscleroderma ,andliverdisorders.Inorderto
preventandprotectthehealthofworkersintheVCM/PVCindustries,the
Commissionhasrecentlydraftedadirectivewhichspecifiesthemaximum
permissibleconcentration ofVCMattheworkplaceto10and5PP®over
areferenceperiodofoneyearforexistingandnewplants,respectively .
/.

COPliïi
Theborrowerwillberequiredtoensurethattheconditionsprevailing
intheplantto"befinancedbytherequestedloanConformtothe
criteriaspecifiedintheabovementioned proposeddirective.
VIII.FINANCIALASPECTS
Thesummarisedfinanceplanfortheprojectisasfollows:
Requirements
Engineering
Buildingsand
construction
EquipnentmillionFF
16,2
14,0
125.7
155,9Resources
Sharecapital
RégionalDevelopment
Grant
Cashprofit(in1976)
ECSCloan
CreditNationalloan
OtherloansmillionFF
70,5
7,0
10,4
40,0
15,0
13,0
Adiscountedrateofreturnontheinvestedcapitalof
estimated,whichisasatisfactoryprofitability .155,9
hhasbeen
IX.CONCLUSIONS
(a)TheCommission,afterconsideringthecaseinallitsvarious
aspects,considersthattherequestcomplieswithArticle56§2(a)
oftheECSCTreatyandthattheproposedinvestmentiseconomically
sound.InconsequencetheCommissionhasapprovedaloanto
SocieueArtesiennedeVinyleforamaximumamountofFF40million
(+7,74millionEUA)oritsequivalentvalue.Forsiiamountofupto
1.0millionEuropeanUnitsofAccounttherateofinterestwillbe
reducedby3percentagepointsforthefirstfiveyearsafterthe
paymentorpayments.
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.