ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(81)431
Vol.1981/0135

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m
COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(81)431final
Brussels,28thJuly1981
FOROFFICIAL USEONLY
REQUESTFORASSENT,PURSUANT TOART.56.2.a)OFTHE
ECSCTREATYTOGRANTING ARECONVERSION LOANTO"BICC
LIMITED",LONDONAND"CORDNINGCANADAINC.",TORONTO,
WHOWILLACTINPARTNERSHIP AS"OPTICALFIBRES"-
UNITEDKINGDOM
(Communication fromtheCommission totheCouncil)
COM(81)431final

CommunicationtotheCouncil
Subject:Requestforassent,pursuanttoArt.56.2.a)'oftheECSCTreaty
tograntingareconversion LoantoBICCLimited,Londonand
CorningCanadaInc.,Toronto,whowillactinpartnership as
Optical Fibres –United Kingdom .
I.THECOMPANY
.No.328
Applicant BICCLimitedandCorningCanadaInc.
Registered Office LondonandTorontorespectively .
Parentcompanyof
applicant
BeneficiaryBICCLimited(ultimateholdingcompany)and
CorningCanadaInc.(awhollyownedsubsidiary
ofCorningGlassWorks)will'eachhold'a50%
participation inthepartnership .
"ThePartnership",styled"OpticalFibres".
Fieldofactivityof:ThePartnership 'sactivitieswillcoverthesetting-
beneficiary upandoperationofaplanttomanufacture high
gradeopticalfibresintheU.K.usingtechnology
developed byCorningGlassWorks*principally to
supplyfibrerequiredbyU.K.telephonecable
manufacturers (including BICC)butinaddition
willselltoallotheravailable customers .
Hvedé!oLoi200,B–î010B'biseli-Tcic.pl.••3500-0-2?60-JO-Tclcgro^hircd.i-cs«:fJOMEfi.■
Tele*•.COMFMRBPiJ ?<Z,:

-2-
II.THEPROJECT
Projectdescription ::Theproposedplantwillbeabletomanufacture
•58,000kmperannumoftelecommunications
qualityfibre,workinga7day,4-shiftcycle..Itisproposedthatthebuildingshouldbeof
sufficientsizetoenableafutureincreasein
plantcapacityto87,000kmoffibreperannum.
Projectcost<fcmillion).:Land '0.2 .
.:BuiIdings 4.5
:Plantandmachinery11.7
:Other 1.6
:Total 18(33.35MioECU)
Projectschedule •1981-"*1983*
iMainlyU.K.Majorityofexportsaleswouldbe
toMiddleEasternandThirdWorldcustomers
withalimitedvolumetocustomersinEEC
MemberStates.
Environment :Environmentprotectionmeasuresinaccordance
withrégulations inforce
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries.

-3
.III.THEREGION
ProjectLocation , .,:Shotton,Clwyd,NorthWales
Unemployment rate'; :Shottontravel-to-workarea .15.7%
Wrexhamtravel-to-workarea17.5%
Nationalaidstatusof :Development andspecialdevelopment areas
projectarea .– ;respectively
TheECSCindustryhasbeenanimportantsourceofemployment .
inthearea., ■• '
IV.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundancies ir,
projectarea...About6,000redundancies atB.S.C.
steelworks Shotton.AtWrexhamover
7,000jobswerqlostincoal-mining
between1962and1976.
Jcbcreationofproject Theproposedplantwillemploy147people
whenfullycommissioned andoperating
a7day,4-shiftcycle.-
Training Trainingwillbeprovidedbythe
partnership and,inthecaseof
supervisory staff,byCorningGlass
WorksattheirplantinWilmington,
NorthCarolina.
TheCommission considersthattherequestcomplieswith
Art.562a)ofthe.ECSC'Treatyandthatthenewjob
opportunities offeredbytheprojectarecapableof
absorbinaredundant ECSCworkersintoproductive employment .

RECONVERSION LOAN
Loanrequested :fc9M
Loangranted ;TheCommission hasapprovedaLoanof
fc9M (about16.674 MioECU)
orequivalent totheabovementioned
companyinaccordance withArt.56
operatingpolicies (O.J.No.C82/8
of29March1979).
Interestrebate :3%pointsperyearforfiveyearson
2,800,000 ECU
Jobbasisofinterestrebate:140jobssuitableforandtobeoffered
inprioritytoex-ECSCworkers.
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.