ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(82)469
Vol.1982/0158

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(82)469 final
Brussels,23July1982.
FOROFFICIAL USEONLY
COMMUNICATION FROM THE COMMISSION TO "THE COUNCIL
Request forassent ,pursuant toArt .56.2.a)oftheECSC Treaty
togranting areconversion loan toSocietà Europea Tubifici e
Acciaierie ,S.p.a .(S.E.T.A. ),Italy
COM (82)469 final

INTERNAL DOCUMENT
COMMUNICATION FROM THE COMMISSION TOTHE COUNCIL
Subject:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion loantoSocietaEuropeaTubificie
Acc.iaierie,S.p.a.(S.E.T.A.),Italy.'
THECOMPANY No.346
Applicant SocietàEuropeaTubificieAcciaierie,S.p.
(S.E.T.A.)
RegisteredOffice SanZenoNaviglio,Brescia
Parent,companyof
applicantSocietàEuropeaTubificieAcciaierie,S.p.
(S.E.T.A.)
Benef-iciary SocietàEuropeaTubificieAcciaierie,S.p.
(S.E.T.A.)
Fieldofactivityof
beneficiaryOutputofandtradeinunweldedsteeltubes
forworkonoildrilling.
R„edeloLo.200B-1040Brussels-Téléphoné350040-358040-1clegrophicodc'.ess:-COMEURBru-.sols
Telex:.COMFUR13RU 218/7.

-2-
II.THEPROJECT
Projectdescription :Thenewprojectisdesignedtomodernisethe
businessbyintroducing anddeveloping new
productionLinesofadvancedtechnology (unwelded
tubesfortheoilindustry).Thisnewproduct,
perfectedbynewfinishingprocesses,completed
..byheattreatmentandfinishingworks(hammering,
drawing,coupling)isplannedtoreplacethe
smoothcommercialtypetubespreviously employed.
Projectcost :Land )
14,200
:Buildings ;
:Plantandmachinery49,800
:Other 1
:Total Lit.54,000million(+41.24MioECU!
Projectschedule :Theprojectwillbecompletedinthreeyears
(1981to1983).
Market :NorthAmerica(U.S.A.,Canada),LatinAmerica
(Mexico,Brazil,Argentina),FarEast(China),
Europe(F.R.Germany,Italiandomesticmarket),
Environment :Environmentprotectionmeasuresinaccordance
withrégulations inforce.
Thesectoralandcompetitionaspectsoftheprojecthavebeenclosely
examined;theydonotruncountertograntingtherequestedloan.
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries.

-3-
III.THEREGION
ProjectLocation RoncadelLe(Brescia),Lombardy
UnempLoyment rate 5.3%CJuLy1981)
NationaLaidstatusof
projectareaAssistedarea
TheECSCindustryhasbeenanimportantsourceofempLoyment
in-thearea.
IV.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundancies in
projectarea:2,000
Jobcreationofproject some12,000jobs
Training TrainingwiLLbecarriedout
bythecompany.
TheCommissionconsidersthattherequestcompLieswith
Art.562a)oftheECSCTreatyandthatthenewjob
opportunities offeredbytheprojectarecapableof
absorbingredundantECSCworkersintoproductiveempLoyment.

RECONVERSION LOAN
Loanrequested
LoangrantedLit.20,000million
TheCommission hasapproved aloanof
Lit.20,000million(+15.27MioECU)
orequivalent totheabovementioned
companyinaccordance withArt.56
operatingpolicies (O.J.No.C82/8
of29March1979).
Interestrebate 3%pointsperyearforfiveyearson
14.4 MioECU.
Jobbasisofinterestrebate720jobssuitableforandtobeoffered
inprio-citytoex-ECSCworkers.
C0UNCIL ASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.