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DOCUMENTS "COM"
COM(80)429
Vol.1980/0151

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GenerolSecretariatCOM(80)429 final
Brussels,22ndJuly1980
FOROFFICIAL USEONLY
REQUEST FORASSENT ,PURSUANT TOART .56.2 a)OFTHE
ECSC TREATY TOGRANTING ARECONVERSION LOAN TO
BRITISH BAKELS LTD..U.K.
(Communication from the .Commission tothe Council )
C0IK80)429final

COMMISSION
OFTHE
EUROPEAN COMMUNITIESBrussels
Internaidocument
Communication totheCouncil
1\ i>
Subject;Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion tpantoBritishBakelsLtd.,UK.
I.THECOMPANY N°:297
Applicant ' îBritishBakelsLtd.
RegisteredOffice :Slough,Berkshire
Parentcompanyof
applicantEMUAG,Kussnacht,Switzerland
Beneficiary •BritishBakelsLtd.
Fieldofactivityof
beneficiaryManufacture,marketing anddistribution ofraw
materialstothebakingandconfectionary trade.
Theproductrangecomprisesfats,greasingemulsions,
breadandconfectionary emulsifiers,stabilisers
andmixes.
riovimrnoloddrets:Rued«loLoi200,B-1040Brussels–Telephone3500JO-358040–Telegraphicaddress:*COMEURBrussels *
Telex:-COMEURDRU 218/7.,

II.,THEPROJECT
Projectdiscription Newfactorytoallowforhigherproduction
capacityforgreasingemulsionsand'edible
fats. !
Projectcost Land
BuiIdings
Plantandmachinery
Other
Totalt125-000
fc1,354,500
t1,249,400
t373,600
fc3,102,500
Projectschedule Twoyearscommencing1980
Market MainlyhomemarketinUK.
Minorexportmarkets.
Environment Environmentprotectionmeasuresinaccordance
withregulations inforce.
«
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries. *
Ο

III.THEREGION
!Projectlocation
Unemployment rateDeessideIndustrialPark,Shotton,Clwyd,
N.Wales !
.Wrexham10.9%,Shotton6.5%.
Nationalaidstatusof:SpecialDevelopment Area
projectarea
TheECSCindustryhasbeenadominantemployerinthearea.
IV.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCreduncancies in:About6,000redundancies atBSCShotton
projectarea ,Steelworks
Jobcreationofproject :98.newjobs
Traimng :TrainingwiIIbeprovidedbycompany
TheCommissionconsidersthattherequestcomplieswithArt.562a)of.
theECSCTreatyandthatthehewjobopportunities offeredbytheproject
arecapableofabsorbingredundant ECSCworkersintoproductiveemployment .
V.RECONVERSION LOAN
Loanrequested fc1,550,000
Loangranted TheCommission -hasapprovedaloanof
t1,550,000 (about2.58MEUA)or
equivalenttotheabovementionedcompany -#
inaccordancewithArt.56operatingpolicies
(O.J.No.C82/8of29March1979).OL

-4-
Interestrebate :3Xpointsperyearforfiveyearson1*8MEUA
Jobbasisofinterestrebate:90
VI.COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttotheforegoing
decision.
%