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Vol.1981/0072

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GenerolSecretariatCOM(81)182 final
Brussels,-,3Au19g1
FOROFFICIAL USEONLY
COMMUNICATION FROMTHECOMMISSION TOTHECOUNCIL
Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreatyto
grantingareconversion loantoPhilipsElectronic andAssociated
Industries Limitedoritswhollyownedsubsidiary TMCLimited,
UnitedKingdom
C0M(81)182final.

Communication totheCouncil
SubJect;RePuestforassent,pursuanttoArt.56.2.a)oftheECSCTreatytograntingareconversion loantoPhilipsElectronicand
AssociatedIndustriesLimitedoritswhollyownedsubsidiaryTMCLimited,
UnitedKingdom.j''
I.THECOMPANY
No.319
Applicant
RegisteredOfficePhilipsElectronicandAssociatedIndustries
LimitedoritswhollyownedsubsidiaryTMCLimited,UnitedKingdom.
London
Parentcompanyof
applicantN.V.PhilipsGloeilampenfabrieken
Beneficiary :TMCLimitedandPyeTelephoneSwitchingLimited
whicharewhollyownedsubsidiaries ofPhilips
'Electronic andAssociatedIndustries Limited
#
Fieldofactivityof:TMCLimitedi£a',manufacturing ,designanddevelop-
Jpeneficiary mentcompany,producingtelecommunications equipment
inthe'U.K-.Themanufacturing operationissituated
inA'irdHeandBellshillinScotlandandthedesign,development andsmallscale
manufactureisbasedinMalmesbury,England.
PyeTelephoneSwitchingLimitedisthesellingcompanyforTMC.Theselling
operationisbasedinMalmesbury.Thiscompanyhasnoassetsotherthandebtors.
Forinternalaccountingpurposesthetwocompaniesaretreatedasoneoperation
andaresotreatedinthiscommunication .
fc..edelaLoi200,8*1040 -Tcicpf•••?35*00-i>'.0-J0-Tclegro^ir COMfcR*
Tel»*-•COMF'.miïKi,' ?iUi:

II.THEPROJECT
Projectdescription :A57,000sq.ft.factoryunithasbeenrented
fromtheScottishDevelopment Agencyforthemanufacture ofthenewTMC
smallbusinesssystem.Thisisanelectronictelephonesystemwith
programmablefacilitieswhichwillfunctionuptoasizeof16external
linesand68internalusersorasanautomaticcalldistribution system
uptoAOexternallinesand20internalusers.
Projectcost
fc'000Land )
Buildings )
Plantandmachinery
Other
Total900
1,600
500
3,000
Projectschedule Thecapacity <110,000terminalsp.a.,12,000
centralsystemsp.a.)providedbytheinvestment
isexpectedtob«achievedduringthefirstquarter
of1982.
Market MainlyU.K.;potentialexportmarketsare
Australia,SouthAfrica,SouthAmerica,Sweden,
CanadaandtheFa>rEast.
Environment Ewfro'nnrent projecti'ammeasuresinaccordance
.withregu-la<titofiisi»ctfioree
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries.

-3
IH.THE_REGION
Projectlocation
Unemployment rate
Nationalaidstatusof
projectarea:Bellshill,MotherwellDistrict,
Strathclyde Region,Scotland
:NorthLanarkshire travel-to-workarea:
16.3%inOctober1980
:SpecialDevelopment Area
TheECSCindustryhasbeenanimportantsourceofemployment
inthearea.
IV.CONFORMITY WITH'ART.56OFTHEECSCTREATY
ECSCredundancies ir.
projectareaAround250joblossesincoal-mining
andabout4,500inthesteelindustry
intheNorthLanarkshiretravel-to-work
areasince1975
Jcbcreationofproject 180newjobs
Training willbeprovidedbythecompany
TheCommissionconsidersthattherequestcomplieswith
Art.562a)oftheECSCTreatyandthatthenewjob
opportunities offeredbytheprojectarecapableof
absorbingredundantECSCworkersintoproductiveemployment.

RECONVERSION LOAN
:fc1,500,000
:TheCommissionhasapprovedaloan
offc.1,500,000(about2,748,92AfECU)
orequivalenttotheabovementioned
companyinaccordancewithArt.56
operatingpolicies(O.J.No.C82/8
of29March1979).
:3%pointsperyearforfiveyearson
1,360,000ECU
Jobbasisofinterestrebate:68jobssuitableforandtobeoffered
inprioritytoex-ECSCworkers.
COTISASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.Loanrequested
Loangranted
Interestrebate