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COM (84) 672 
 
 
 
Vol. 1984/0 247 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the open ing to the public of the historical archives of the European Econom ic 
Communit y and the European Atom ic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this file is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 1983 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom  27.9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General SecretariatC OM(84) 672 f i n a l  
Brussels, 4 December 1984
FOR OFFICIAL U S E  ONLY
Comm unication from  th e  Commission to  th e  C o u n cil
Request f o r  a s s e n t, pursua nt to  A r t ic le  56 (2a) o f th e  ECSC T re a ty  
to  th e  g ra n tin g  o f a c o n v e rs io n  loan to  Magnet J o in e ry  L im ite d ,
U n ited Kingdom
CO M(84) 672 f i n a l

F O R  OFFICIAL USE ONLY
Communication to  the C o uncil
S u b je ct : Request fo r  a s s e n t, pursua nt to  A r t ic le  56 (2a) o f th e  ECSC T re a ty
to  the g ra n tin g  o f a conve rsion loan to  Magnet J o in e ry , L im ite d , 
U n ite d  Kingdom .
I .  THE COMPANYNo. 409
A p p li cantMagnet J o in e ry , L im ite d  
Royd Ings Avenue,
K e ig h le y , West Y o rk s h ire , BD21 4 BY
R e g is te re d  O ffic e128, Queen V ic to r ia  S tr e e t, 
London, ÈC4P 4JX
P arent company o f 
a p p lic a n tMagnet and S outh ern s, p . l . c . ,
Royd Ings Avenue,
K e ig h le y , West Y o rk s h ire  BD21 4BY
RecipientMagnet J o in e ry , L im ite d
F ie ld  o f a c t i v i t y  o f 
r e c ip ie n tThe m anufacture and sa le  o f prepared jo in e r y ,  
doors and a n c illa r y  p ro d u cts

I
-  2 -
I I .  THE PROJECT
D e s c rip t i onThe p ro je c t c o n s is ts  o f a new fa c to r y  equipped 
to  m anufacture d o u b le -g la z e d  p a tio  doors and 
windows.
Cost Land ) 105
B u ild in g s  ;1 ,3 0 0  
P la n t and m achinery 
O ther
T o ta lUK£000
1,405
1,050
2,455 (+ 4.18 MioECU)
Schedule1984 -  1985
M arketA  p ro d u c tio n  ta rg e t o f 92,800 d o u b le -g la z e d  p a tio  
doors per annum is  envisaged by 1987 w h ich 'w o u ld  
re p la ce  im ported u n its  from  th e  U .S .A . w orth 
UK£ 7 .6  m illio n  a n n u a lly . The new p la n t 's  e n tir e  p ro ­
d u c tio n  w i l l  be purchased by o th e r companies in  the 
Group to  be r e ta ile d  d i r e c t ly  to  consumers.
Envi ronment E n vironm ental p r o te c tio n  measures in  accordance 
w ith  c u rre n t le g is la t io n
The s e c to ra l and c o m p e titio n  aspects o f the p r o je c t have been c lo s e ly  examined 
th e y  do not m ili t a t e  a g a in s t the g ra n tin g  o f the loan a p p lie d  f o r .
The p r o je c t appears to  be e c o n o m ic a lly  sound ; i t  w i l l  make a s ig n if ic a n t  
c o n tr ib u tio n  to  the redevelopm ent o f th e  re g io n  which is  s u ffe r in g  th e  e f fe c ts  
o f a d e c lin e  in ECSC in d u s tr ie s .
•"V.

-  3 -
III. THE REGION
Project location
Unemployment rate
National aid status of 
project area: Babot H a ll I n d u s t r ia l E sta te  
Mangham Road,
Park G ate, Rotherham,
South Y o rk s h ire , England
' (Y o rk s h ire  and Humberside)
19% Rotherham tr a v e l- to - w o r k  area 
(November, 1983)
‘  Development area
The ECSC in d u s try  has been an im p o rta n t source o f employment in  the area,
IV . CONFORMITY WITH ARTICLE 56 O F THE ECSC TREATY
ECSC  redundancies in  
p r o je c t area18046 s te e l and coal jo b s lo s t sin ce  1977 
o f which 10 058 were s te e l jo bs lo s t since 
1980.
Jobs to  be c re a te d  by th e  p r o je c t70 jo bs s u ita b le  f o r  ex-ECSC w orkers out o f 
a t o t a l o f 101 jo b s .
T ra in in gComprehensive off-the-job and on-the-job 
training will be provided for all new 
recruits in accordance with Industry 
Training Board requirements and good 
industrial practices.
The Commission c o n s id e rs  th a t the a p p lic a tio n  com plies w ith  A r t ic le  56 (2a) 
o f th e  ECSC T re a ty  and th a t th e  new jo b s to  be c re a te d  by th e  p r o je c t are 
capable o f a b so rb in g  redundant ECSC w orkers in to  p ro d u c tiv e  em ployment.

-  4 -
V, CONVERSION LOAN
Loan a p p lie d  f o r UK£ 1.25 m illio n
Loan to  be g ra n te d The Commission has approved a loan o f 
UK£1.25 mi llio n (a b o u t 2.13 MioECU) 
o r e q u iv a le n t to  th e  above m entioned 
company (1 ).
In te r e s t re b a te 3 percentage p o in ts  per year fo r f iv e  
years on 1-4 MioECU,
Job b a s is  o f in te r e s t  re b a te 70 jo b s s u ita b le  fo r  form er ECSC 
in d u s try  w o rk e rs , to  whom they w i l l  be 
o ffe re d  in  p r i o r i t y .
V I, COUNCIL ASSENT
The Commission re q u e sts th e  C o uncil to  g iv e  i t s  assent to  the fo re g o in g  
d e c is io n .
(1)In  accordance w ith  a p p lic a tio n  c r i t e r i a  (OJ C  191, 16 J u ly  1983).