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COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(81)329
Vol.1981/0107

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COMMISSION
-OFTHE
EUROPEAN COMMUNITIES
Genera!SecretariatCOM(81)329 final
Brussels,29thJune1981
FOROFFICIAL USEONLY
REQUESTFORASSENT/PURSUANT TOART.56.2.a)OFTHEECSC
TREATYTOGRANTING ARECONVERSION LOANTO"DROPSAS.P.A."
FORANINVESTMENT PROJECTINSOUTHWALES.U.K.
(Communication fromtheCommission totheCouncil)
COM(81)329final

COMMISSION
OFTHE
EUROPEAN COMMUNITIES
INTERNAL DOCUMENT
:'Communication totheCouncil
_Subj_ect:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion LoantoDropsaS.P.A.foraninvestment
projectinSouthWales,U.K.
I.THECOMPANYNo.310
Applicant DropsaS.P.A.
Registered -Office Milan.Italy
ParentCompanyof
applicantThecompanyisownedbyMr.GDivisi,whoisalso
Presidentofthecompany.
Beneficiary
Fieldofactivityof
beneficiaryAnewcompanytobeformed.Thesharecapital
ofthenewcompanywillbefc600,000,allof
whichwillbeprovidedbyMr.Divisi.
Manufacture oflubrication equipment andsystems
foroil,greaseandoilmist.Thesystemsare
usedtolubricatemachinetools,textiles,
printingandpackingmachinery aswellas-light
engineering equipmentgenerally.Dropsaalso
offerssystemsusedintheheavyengineeringfield,
andinparticularforuseinintegratedironand
steelworks .
ocdelaLoi200,B-1040B'ussels-1ckpf•t•:3500«50-333040-TcIcgrapHir COME ■të-.«c
Telex-COMFMP3RU ?'<V,.'

-2-
-j!
"il.THEPROJECT
Projectdescription Establishment ofaproduction unitto
manufacture partsand,induecourse,the
finishedproductswhicharepresently
manufactured intheMilanfactoryof
Dropsaaswellassomepartscurrently
manufactured bythirdparties.
Projectcost(fc'000)
Projectschedule:Land
:Buildings
:Plantandmachinery
:Other
:Total
ΝToberented
4,160
4,160(762MioECU)
Theprojectwillstartin198*anditis
plannedto-startproductioninthesame
year.
Market :AtpresentmostofDropsa'sproductsaresold
inItalyandonly20%areexported(Europe,U.S.A.,SouthAfrica,South
America,IndiaandEasternBlockcountries).Most,ifnotallofthe
Welshproject'sproductionwillbeexportedinitiallytosupportthe
plannedexpansionofDropsa'shomeandexportmarket.
Environment Environment protection measures1nAccordance
withregulations 1nforce.
Theprojectappearseconomically sound;1twillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhich1saffectedbyadecline1n
ECSCIndustries *

III . THE REGION-3-
Project location :Rsssat ?,Blaenatr Gwent ,South Wales .
Unemployment rate
National aidstatus of
project area:16.7% inthe Ebbw Vale travel -to-work
area which isco-terminus with the
administrative district ofBlaenau Gwent
I'Special Development Area 1forthe
purpose ofUnited Kingdom regional
policy .
TheECSC industry hasbeen animportant source ofemployment
inthe area .
IV. CONFORMITY WITH ART .56OFTHE ECSC TREATY
ECSC redundancies in
project area.Closure ofsteelmaking atB.S.C.
Ebbw Vale steelworks ;about 5,000
redundancies since 1973 .
Job'creation ofproject j165 jobs ,recruitment from 1981 to1983 .
Training :Suitable training will beprovided by
government training school .
TheCommission considers that therequest complies with
Art .562a)oftheECSC Treaty andthat thenew job
opportunities offered bytheproject arecapable of
absorbing redundant ECSC workers into productive employment .

RECONVERSION LOAN
Loanrequestedfc2,000,000
Loangranted TheCommission hasapprovedaLoan
offc2,000,000 (about3.66MioECU)
orequivalenttotheabovementioned
companyinaccordancewithArt.56
operatingpolicies (O.J.No.C82/8
of29March1979).
Interestrebate :3%pointsperyearforfiveyearson
3,18MioECU
Jobbasisofinterestrebate:159jobssuitableforandtobeoffered
inprioritytoex-ECSCworkers.
COliNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.