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DOCUMENTS "COM"
COM(81)304
Vol.1981/0098

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
'"••cncrc !bc.ro'cr'atCOM(81)304final
Brussels,15June1981
FOROFFICIAI .USEONLï
Communication fromtheCommission -totheCouncil
/
Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreatyto
granting areconversion loantoTitechEuropeS.A.Belgium
C0MC81)304finalI

Communication totheCouncil
Sub]ect:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion LoantoTitechEuropeS.A.Belgium,
I.THECOMPANY No.321
Applicant :TitechInternational Inc.
RegisteredOffice :Pomona-California,USA
Parentcompanyof :SociétéRégionaled'Investissement deWallonie55A
applicant TitechInternational Inc.45/
Beneficiary :TitechEuropeS.A.
Fieldofactivityof:Productionandmarketingofallkindsoftitanium
beneficiary products,includingingotsandcastingsoftitanium
I
ode!olo>200,B-iOJOB-i-:-:cli-Tc'■■(i-'i'■<>■v;.-j-0-•'olcíjropt--..ci.Wl.- ■
TelerCOtfF'iPfSl?;,' '

-2-
II.THEPROJECT
Projectdescription :Construction oftitanium-smelting works,
Projectcost
(inmilLion2)Land )
Buildings )
Plantandmachinery
Other
Total6.180
10.921-
21.101(17.58MioECU)
Projectschedule 1981-1985
Market World(applications fdrairespace;marine
industries pumps;desalination andpetrochemical
installations aswellasforfoodprocessing!
Environment Environment protection measuresinaccordance
withregulations inforce
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcerned 1whichisaffectedbyadeclinein
ECSCindustries.

-3-
III.THEREGION
ProjectLocation .Charleroi,Hainaut,Wallonie
Unemployment rate over17%
Nationalaid.statusof
projectareaAregionaldevelopment area
TheECSCindustryhasbeenanimportantsourceofemployment
inthearea.
IV.CONFORMITY WITHARTICLE56,2a)OFTHEECSCTREATY
ECSCredundancies in
projectareaAround6000since1977.
Jcbcreationofproject From80initiallyto200afterfiveyears
Trainir.g Statetrainingprogramme aspartof
unemployment legislation .Training
programme bypromoter.
TheCommission considersthattherequestcomplieswith
Art.562a)oftheECSCTreatyandthatthenewjob
-opportunities offeredbytheprojectarecapableof
absorbingredundant ECSCworkersintoproductive employment .

RECONVERSION LOAN
Loanrequested :g7million
Loangranted TheCommission hasapprovedaloanof
i7million (about5.83MioECU)
orequivalenttotheabovementioned
companyinaccordance withArt.56
operatingpolicies (O.J.No.C82/8
of29March1979).
Interestrebate i%pointsperyearforfiveyearson
4MioECU.
Jobbasisofinterestrebate200jobssuitableforandtobeoffered
inprioritytoex-ECSCworkers.
COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.