ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(82)509
Vol.1982/0169

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
SecretariatCOM(82)509final
Brussels,30July1982
FOROFFICIÀL USÉONLY
COMMUNICATION FROMTHECOMMISSION TOTHECOUNCIL
Requestforassent,pursuanttoArticle56(2a)oftheECSCTreaty
tothegrantingofaconversion loantoIDELUX(Association Inter-
communaled'Equipement delaProvinceduLuxembourg),Arlon,
(Belgium)andS.A.MAGOLUX,Messancy (Belgium)
COM(82)509final

FOR OFFICIAL USE ONLY
COMMUNICATION FROM THE COMMISSION TOTHE COUNCIL
Subject :Request forassent ,pursuant toArticle 56 (2a)ofthe ECSC Treaty
tothegranting ofaconversion Loan toIDELUX (Association Inter -
communale d'Equipement deLaProvince duLuxembourg ),Arlon ,
(Belgium )and S.A. MAGOLUX ,Messancy (Belgium ).
THE COMPANYN° :358
Applicant IDELUX andMAGOLUX ,S.A.
Registered Office Arlon andMessancy (Belgium )
Parent companies
applicantsa)For IDELUX
Social shares areheld bytheCommunes ofthe
Region (95%),theProvince ofLuxembourg (3.5% ),
individual andgroup shareholders (1.5% ).
b)For MAGOLUX S.A.
fonderies Magotteaux S.A. (Vaux -sous -Chèvremont )
Chaud-Fontaine (53X)(Belgium )
etS.R.I.W. Namur (Belgium )(47%).
Recipi ents IDELUX ,Arlon (Belgium )andMAGOLUX S.A. atMessancy
(Belgium )are joint co-debitors .The loan isintended
tofind the "Land andBuildings "part ofthe invest­
ment ,which will beleased toMAGOLUX byIDELUX .
Field ofactivity of
recipientsIDELUX :Co-operative Company ,Association oflocal
authorities (Communes )fortheeconomic development
ofthe Province .
MAGOLUX :produces articles with sound use resistance ,
particularly incement works andcrushing industries ,
refractory steels with high alloy content .

-2-
II.THEPROJECT
Description :Buildingafactoryforthemanufacture ofgoodsde­
signedessentiallyforcrushers(1).Thefactory
wi11alsoproduce:
-spoutsandshootsandrefractorysteelswithhighheatanduseresistance
intendedforcementovensandcoolers;
-largesizesluicesusedinbrassfoundry(foremploymentinchemical,oil
andgasindustries;
-refractorysteelchainsforuseincementovens.
Cost(millionBF) :Land ) 201.5
:Buildings 3
:Plantandmachinery 269.5
:Other
Total 471.0 (+10.43MioECU)
Schedule :End1982buildingthefactory
End1983installation andfinalisingofplant
End1983productionstarts
Market :Export95%ofwhich40%MembercountriesoftheEEC
(Fed.Rep.:15%;France:10%;UnitedKingdom:7%;
Italy:5%;othercountries :3%)
and55%toothercountries (Gulf
countries:20%;LatinAmerica:5%;Non-EECEuropean
countries-AustriaandNortherncountries :7%;
EasternEurope-Hungary especially :3%;EastAsia-
KoreaandJapan:10%;Africa:10%).
Environment :Environ'mentalprotectionmeasuresinaccordance
withcurrentlegislation
Thesectoralandcompetitionaspectsoftheprojecthavebeencloselyexamined;
theydonotmilitateagainstthegrantingoftheloanappliedfor.
Theprojectappearstobeeconomically sound;itwillmakeasignificant
contribution totheredevelopment oftheregionwhichissufferingtheeffects
ofadeclineinECSCindustries .
(1)Crushers-ballmilling-beaterinstrumentsforelectricity powerstations
-fortracklevellingorshinglecrushing-bimetalmalletsforcrushingcopper,iron,zinc,lead,etc.

3-
III.THEREGION
Projectlocation Messancy(ProvinceofLuxembourg),Belgium
Unemployment rate 7.3%endDecember1981
(O.N.E.M.statistics )
Nationalaidstatusof
projectareaDevelopment area
TheECSCindustryhasbeenanimportantsourceofemploymentinthearea.
IV.CONFORMITY WITHARTICLE56OFTHEECSCTREATY
ECSCredundancies in :2,092(1974toJune1981)-steel*
proiectarea
Jobstobecreatedbytheproject :220
Training :ByMagotteauxFoundriesS.A.atVaux-sous-
Ch£vremont (Li£geProvince)andinsituat
Messancy(ProvinceofLuxembourg)in
collaboration,whereappropriate,with
theO.N.E.M.
TheCommissionconsidersthattheapplication complieswithArticle56(2a)
oftheECSCTreatyandthatthenewjobstobecreatedbytheprojectare
capableofabsorbingredundant ECSCworkersintoproductiveemployment.
*SourceGroupementdesHauts-Fourneaux etAciériesBelges.

-4-
V.CONVERSION LOAN
Loanappliedfor :201.5millionFB
Loantobegranted :TheCommission hasapproved aloanof
FB.201.5milliortfabout 4.46 MioECU>
orequivalent totheabovementioned
companyinaccordance withArticle56
application criteria(0JC82-
29March1979)
Interestrebate :3percentage pointsperyearforfive
yearson4.4MioECU.
Jobbasisofinterestrebate 220jobssuitableforformerECSC
industryworkers,towhomtheywillbe
offeredinpriority.
VI-COUNCIL ASSENT
TheCommission requeststheCounciltogiveitsassenttotheforegoing
decision-