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COM (80)430
Vol.1980/0152

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Conformément aurèglement (CEE, Euratom) n°354/83 duConseil du1erfévrier 1983
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p.1),telquemodifié par lerèglement (CE, Euratom) n°1700/2003 du22septembre 2003
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Inaccordance with Council Regulation (EEC, Euratom) No354/83 of1February 1983
concerning theopening tothepublic ofthehistorical archives oftheEuropean Economic
Community andtheEuropean Atomic Energy Community (OJL43,15.2.1983, p.1),as
amended byRegulation (EC, Euratom) No1700/2003 of22September 2003 (OJL243,
27.9.2003, p.1),this fileisopen tothepublic. Where necessary, classified documents inthis
filehave been declassified inconformity with Article 5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung (EWG, Euratom) Nr.354/83 desRates vom 1.
Februar 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI. L43vom 15.2.1983,
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COM(80)430 final
COMMISSION
OFTHE
EUROPEAN COMMUNITIESBrussels,22ndJuly1980
FOROFFICIAL USEONLY
GeneralSecretariat
REQUESTFORASSENT,PURSUANT TOART.56.2a)OFTHE
ECSCTREATYTOGRANTING ARECONVERSION LOANTO
GECLTD.ANDPIRELLI GENERALCABLEWORKSLTD..U.K.
(Communication fromtheCommission totheCouncil)
C0M(80)430final

COMMISSION
OFTHE
EUROPEAN COMMUNITIESBrussels
Internaldocument
Communication totheCouncil
Subjec't:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion loantoGECLtd.andPirelliGeneralGable
WorksLtd.,U.K. A.
I.THECOMPANY N°:291
Applicant :Anewcompanytobeformedandjointlyownedby
theGeneralElectricCo.Ltd.(GEC)andPirelli
GeneralCableWorksLtd.
RegisteredOffice :London,U.K.
:GEC'sparticipation inthejointCompanywillbe
throughitswholly-ownedsubsidiaryAssociated
ElectricalIndustriesLtd.(AEI),whichwillown
60%oftheissuedShareCapital;theremaining
40%willbeownedbyPirelli.
:Newcompanietobeformed
:Processingofcoppercathodeintocontinuously
castcopperrod.
f'iovisionoloddress:RuedelaLoi200,B-1040Brussels-Téléphoné350040-358040-Télégraphieaddress:-COMEURBrussels»-
Telex:.COMEURBRU 21877.Parentcompanyof
applicant
Beneficiary
Fieldofactivityof
beneficiary

-2-
II.THEPROJECT
Proiectdiscription Anewcontinuous casterplantoftheContirod
systemandaverticalshaftmeltingfurnaceand
holdingfurnace.
Proiectcost
t000:Land
:Buildings
:Plantandmachinery
:Other
:Totalrented
.2,416
9,219
379
12,014
Projectschedule :Startup1983
Market:Shareholders andtheEuropeanmarket
Environment ;Environmentprotectionmeasuresinaccordance
withregulations inforce.
Theprojectappearseconomically sound;itwillmakeaveryusefulcontributiontotheredevelopmentoftheregionconcernedwhichisaffectedbyadecline
ECSCindustries.

-3-
III.THEREGION
Projectlocation :Shotton,NorthWales.U.K.
Unemployment rate :Wrexham10.9Shotton6.5%.
Nationalaidstatusof:SpecialDevelopment Area
projectarea
TheECSCindustryhasbeenadominantemployerinthearea.
IV.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCreduncancies in:About6,000redundancies asaresultof
projectarea BSC'sdecisiontoendsteelmakingat
Shotton.
Jobcreationofproject :*22newjobs
Training :TrainingwillbeprovidedbynewCompany
TheCommission considersthattherequestcomplieswithArt.562a)of
theECSCTreatyandthatthenewjobopportunities offeredbytheproject
arecapableofabsorbingredundant ECSCworkersintoproductive employment.
V.RECONVERSION LOAN
Loanrequested :fc6million
Loangranted :TheCommission hasapprovedaloanof
t6million(about10mEUA)or
equivalenttotheabovementionedcompany
inaccordancewithArt.56operatingpolicies
CO.J.No.C82/8of29March1979).

-4-
Interestrebate :37.pointsperyearforfiveyearson2.2MEUA.
Jobbasisofinterestrebate:110
VI.COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttotheforegoing
decision-
4