natgillin/translations-raw huggingface dataset:
As regards the structure of the market, a general feature of the PVC market is the need for operators to be vertically integrated in order to control the whole value chain and to be competitive.
Keeldu ei kohaldata omandamiste suhtes, mis i) on vajalikud Kem One elujõulisuse taastamiseks ja ii) ei ole käsitatavad Kem One restruktureerimiskavas seatud eesmärkide täitmiseks vajaliku abi minimaalse suuruse nõude mõju piiramise kohustuse rikkumisena.
In that decision the Commission examined a number of business models with varying degrees of integration in the PVC sector.
Omandamise soovist ja elementidest, mis võimaldavad komisjonil otsustada, kas kõnealused tingimused on täidetud, tuleb komisjonile teatada mõistliku aja jooksul.
It pointed out that models without vertical integration of PVC up to chlorine were the exception in Europe and that ‘the current competitive landscape indicates that full vertical integration is the general trend in the industry’.
Kontrollimeetmed ja poolaastaaruanded
As for the model of ‘virtual integration’ by way of supply contracts between two players, past examples, some involving Kem One, have demonstrated the risks associated with this kind of structure, based on the external supply of key raw materials.
2004. aasta suuniste punktis 49 on sätestatud: „Komisjon peab asjaomaste liikmesriikide poolt edastatud korrapäraste üksikasjalike aruannete kaudu saama kinnitust ümberkorraldamiskava nõuetekohase rakendamise kohta”.
The importance of vertical integration for the players in the PVC market was confirmed by the commitments offered by the notifying parties and accepted by the Commission in the Ineos/Solvay/JV case.
Võttes arvesse abisumma suurust, riigiabi eeskirjadega kokkusobivuse saavutamiseks võetavaid vajalikke tasakaalustusmeetmeid, vajadust taastada Kem One elujõulisus ning konkurentsiolukord asjaomasel turul, peab komisjon käesoleval juhul vajalikuks, et Prantsusmaa esitaks talle poolaastaaruanded, mis hõlmavad järgmisi valdkondi ja andmeid:
These high transport costs (some 10 % of the value of the product) make matters considerably more difficult in situations of low margins, as the Commission pointed out in paragraph 1452 of its decision in Ineos/Solvay/JV: ‘As regards imports from other areas, VCM transport costs seem to constitute a major hurdle.
osaluste või ettevõtete varade omandamise puudumine EMP toodanguturgudel, kus Kem One tegutseb;
IHS, a global information company that provides, among other things, monthly and annual indexes, reports and news related to the vinyl industry, talks about’ prohibitive freight rates‘.
ülevaade PVC turu ning eelneva ja järgneva turu konkurentsiolukorrast Euroopa Majanduspiirkonnas, milles on ära toodud turuosaliste turuosad ja tootmisvõimsused, turustruktuuri muutused, hindade muutused ja muud andmed, mis võimaldavad komisjonil turu olukorda hinnata.
This is not surprising, as VCM is a chemical product that is hazardous and difficult to transport, as acknowledged by the Notifying Parties’.
Need aruanded tuleb esitada […] jooksul alates käesoleva otsuse vastuvõtmisest.
Moreover, it is worth noting that the principal compensatory measure suggested by Ineos is the divestment of the entire Lavéra production chain, including the downstream sites.
Esimene aruanne tuleb komisjonile esitada kuus kuud pärast käesoleva otsuse vastuvõtmist.
This is an indication that all the market players, including Kem One's competitors, recognise that viability in the market depends on vertical integration.
Kokkuvõttes, selleks et vältida konkurentsi ülemäärast kahjustamist tulenevalt abimeetmetest, võttes arvesse S-PVC turul suurema konkurendi Ineose ja Solvay ühisettevõtte tegevust, samuti asjaolu, et 2004. aasta suuniste punktis 39 osutatud vara loovutamise nõudest rangemad tasakaalustusmeetmed ohustaksid Kem One elujõulisust ning vähendaksid ettevõtte konkurentsivõimet, mis omakorda kahjustaks turu struktuuri ja konkurentsiolukorda, ning võttes ühtlasi arvesse, et käesoleva otsuse punktis 6.2.4 osutatud tasakaalustusmeetmed nõrgendavad piisavalt abimeetmete mõju ja leevendavad konkreetseid asjaolusid arvesse võttes asjakohaselt abimeetmetega tekitatud konkurentsi moonutavat mõju, ning arvestades ühtlasi asjaolu, et kõnealuseid tasakaalustusmeetmeid hinnatakse regulaarselt koos turu konkurentsiolukorraga, leiab komisjon, et kõnealused tasakaalustusmeetmed on asjakohased.
Consequently, a compensatory measure consisting in the divestment of one of Kem One's PVC production sites (such as Balan or Berre) is not a viable solution.
Miinimumiga piirduv abi: tegelik toetus, abi arvestamata
Since it would not have internal access to upstream inputs (chlorine, ethylene), the purchaser would be obliged to conclude supply contracts with Kem One, which would place it in an untenable position from the point of view of its commercial independence and ability to exert genuine competitive pressure.
Esmalt tuleb märkida, et menetluse algatamise otsuse järel kogutud andmed ei võimalda põhjendada [60–70] miljoni euro suuruse laenu arvessevõtmist Kem One omapanuse arvestamisel.
Furthermore, cutting Kem One off from one of its downstream sites would destabilise its entire production chain, by depriving its upstream chlorine and ethylene production sites of internal sales outlets.
Komisjoni tehtud analüüsist ilmnes, et Kem One restruktureerimiskuludes omapanuse arvestamisel arvesse võetavad ressursid on järgmised:
In the Ineos/Solvay/JV case, the Commission stressed the uncertainty surrounding the question whether Kem One could be an aggressive competitor to the Ineos and Solvay joint venture, given its difficulties and the uncertainty about whether the restructuring plan would be implemented successfully.
Tabel 4
However, the Commission found that a reduction in Kem One's production capacity would result in an increased market share for the Ineos and Solvay joint venture, while implementation of the restructuring plan might further reduce Kem One's incentives to expand output significantly as a reaction to a price increase by the joint venture.
Restruktureerimiskavas ette nähtud erasektori osalus lähtuvalt komisjoni andmetest
Moreover, in its assessment of the competitive situation in the market post-transaction, the Commission adopted a conservative approach and took into account Kem One as a full competitive force [20].
Allikas: komisjon
Accordingly, transforming the structure of Kem One by reducing its sales in the PVC market or substantially modifying the scope of its activity would undermine the equilibrium in the PVC market that has emerged following the creation of the Ineos and Solvay joint venture and the implementation of the commitments made by the parties during the investigation in that case [21].
Kem One isefinantseerimine
Despite the implementation of the commitments in the Ineos/Solvay/JV decision, which has had the effect of removing the horizontal overlaps between Ineos and Solvay in the S-PVC market in north-western Europe, the Ineos and Solvay joint venture remains by far the biggest player in the market with a market share of [30-40] % in 2012.
Uurimise käigus ilmnes mitu uut asjaolu.
Imposing a divestment on Kem One would significantly weaken its position and would reduce the competitive pressure it is capable of exerting on the Ineos/Solvay joint venture.
Esmalt on Kem One isefinantseerimise kohta selgunud, et Kem One on tänaseni paigutanud kaasajastamisprojekti vaid 18 miljonit eurot.
A compensatory measure consisting in dividing Kem One's S-PVC business into two vertically integrated entities by selling one of the S-PVC production sites (Balan or Berre) together with an input production site (Fos-sur-Mer) would have the advantage of keeping the S-PVC production chain vertically integrated.
Ülejäänud osa sissemaksmise ebakindlus ei võimalda kõnealuseid summasid käsitada isefinantseerimisena.
However, such a solution would cut Kem One's S-PVC business by around […] % and would weaken its potential to compete with the Ineos/Solvay joint venture.
Lisaks sellele on Kem One ja [eraettevõtja 2] vaheliste läbirääkimiste tulemusena tõusnud [eraettevõtja 2] faktooringulepinguga kaetud summa lõplikult [55–65] miljoni euroni (esialgu ette nähtud [40–50] miljoni asemel).
The scope of this solution would have the effect of destabilising the structure of the market for S-PVC as it stands following the creation of the Ineos/Solvay joint venture and of rendering inadequate the commitments put in place to resolve the competition concerns raised by that transaction and to ensure effective competition in the S-PVC market.
Seega võib järeldada, et abi piirdub miinimumiga, ilma et oleks vaja otsustada erasektori võlausaldajate poolse võlgade sissenõudmisest loobumise laadi üle.
A compensatory measure of this kind would incidentally undermine Kem One's return to viability.
Ühekordse abi põhimõte
Lastly, such a measure would appear to be disproportionate in the light of the amount of aid received by the undertaking (some 10 times smaller) and the restructuring costs (some EUR 100 million less).
2004. aasta suuniste punkti 72 ja järgnevate punktide kohaselt võib ettevõttele anda ümberkorraldusabi vaid üks kord kümne aasta jooksul.
No long-term structural overcapacity in the relevant market
Prantsusmaa täpsustas oma teatises, et ei Kem One ega kontsern, millesse ettevõte kuulub, ei ole varem päästmis- või restruktureerimisabi saanud.
The interested third parties stressed the overcapacity in the European PVC market.
Sellest tulenevalt on ühekordse abi põhimõtet järgitud.
They referred in this connection to point 42 of the 2004 Guidelines, which states: ‘When the beneficiary is active in a market suffering from long-term structural overcapacity, as defined in the context of the multisectoral framework on regional aid for large investments, the reduction in the company's capacity or market presence may have to be as high as 100 %.’
KOKKUVÕTE
In its decision in Ineos/Solvay/JV, the Commission did indeed observe a situation of overcapacity in the European PVC market.
Komisjon leiab, et kõnealused abimeetmed võib kuulutada siseturuga kokkusobivaks Euroopa Liidu toimimise lepingu artikli 107 lõike 3 punkti c kohaselt tingimusel, et järgitakse käesoleva otsuse punktis 6.2.4.3 toodud tasakaalustusmeetmeid ning et komisjonile esitatakse ettenähtud tähtaegadel käesoleva otsuse punktis 6.2.4.4 osutatud aruanded,
However, it would stress two points:
ON VASTU VÕTNUD KÄESOLEVA OTSUSE:
it has not used the method for calculating overcapacity used by Ineos and anonymous undertaking 1, where the definition of overcapacity presupposes that industrial plants are operating constantly at 100 % of their technical capacity,
Artikkel 1
the Ineos/Solvay/JV decision was based on 2012 data.
Abi, mida Prantsusmaa kavatseb anda ettevõttele Kem One SAS (edaspidi „Kem One”) järgmiste meetmete näol: i) majandus- ja sotsiaalarengu fondi laen, ii) toetus ja tagasimakstavad avansid ning iii) võimalik loobumine maksu- ja sotsiaalvõlgade sissenõudmisest, on siseturuga kokkusobiv artiklis 2 toodud tingimuste täitmisel.
The Commission notes that since 2012 several factors clearly indicate that the situation of overcapacity in the European PVC market has evolved.
Artikkel 2
Calculation of overcapacity.
Prantsusmaa tagab, et Fos-sur-Meri ja Lavéra tehaste maksimaalne nimitootmisvõimsus kloori puhul [600–700] kt/aastas ja sooda puhul [600–700] kt/aastas (välja arvatud oma tarbeks valmistatav toodang) ei muutu […] jooksul alates käesoleva otsuse vastuvõtmise kuupäevast.
First, the Commission would stress that, while there has been overcapacity in the past, its extent would seem to have been overestimated by the interested third parties.
Prantsusmaa tagab, et Kem One turuosa maksimaalne suurus Loode-Euroopa turul (mis hõlmab üheskoos Belgia, Iirimaa, Luksemburgi, Madalmaad, Norra, Prantsusmaa, Rootsi, Saksamaa, Taani ja Ühendkuningriigi) ei ületa [10–20] % turu kogumahust […] jooksul alates käesoleva otsuse vastuvõtmisest.
The actual production capacity of an operator in the market depends ultimately on the seasonality of sales (S-PVC sales in Europe are down in August and December).
Prantsusmaa tagab, et Kem One ega ükski füüsiline või juriidiline isik, kes kontrollib praegu või hakkab kontrollima Kem One tegevust järgneva […] jooksul pärast käesoleva otsuse vastuvõtmise kuupäeva, ei omanda osalusi või varasid Euroopa majanduspiirkonna (EMP) toodanguturgudel, kus Kem One tegutseb, […] jooksul alates käesoleva otsuse vastuvõtmise kuupäevast.
In addition, shutdowns scheduled for maintenance, the slowdown in chlorine production in winter and the high cost of electricity mean that production capacity is rarely used 100 %.
Käesolevas lõikes sätestatud keeldu ei kohaldata omandamiste suhtes:
Industrial PVC production is also affected by episodic incidents and gaps in the supply of raw materials.
mis on vajalikud Kem One elujõulisuse taastamiseks ja
Lastly, free capacity cannot be added in, given the geographical distances involved and the not insignificant transport costs even within Europe.
mis ei ole käsitatavad Kem One restruktureerimiskavas seatud eesmärkide täitmiseks vajaliku abi minimaalse suuruse nõude mõju piiramise kohustuse rikkumisena.
In reality, actual PVC production on an annual basis rarely exceeds 90 % of the declared capacity of all producers.
Käesolevas lõikes osutatud omandamise soovist tuleb komisjonile teatada ning tegurid, mis võimaldavad komisjonil otsustada, kas punktides a ja b sätestatud tingimused on täidetud, tuleb komisjonile esitada mõistliku aja jooksul.
According to FIDES data (internal industry statistics), in 2014, nominal PVC production capacity for western and central Europe was [6000-7000] kt and actual production was [5000-6000] kt, giving a nominal capacity utilisation rate of [80-90] %, so real overcapacity in this market in 2014 was limited.
Omandamine võib toimuda vaid juhul, kui komisjon on veendunud, et kõnealused nõuded on täidetud.
The Commission would also observe that the utilisation rate of S-PVC production capacity is also around 84,3 % in the US (according to data from IHS, one of the main specialist market analysts, together with ICIS (Independent Chemical Information Services)).
Artikkel 3
Overcapacity in the S-PVC market.
Prantsusmaa esitab komisjonile poolaastaaruanded, mis hõlmavad järgmist teavet:
Since the summer of 2014, several factors have affected supply in the European market.
restruktureerimiskava nõuetekohane elluviimine koos hinnanguga Kem One elujõulisuse taastamise eesmärgi täitmise kohta;
First, the fall in the euro, combined with a sharp drop in oil prices, significantly boosted export sales (to Turkey, India and North Africa).
artiklis 2 toodud tingimuste järgimisega seotud teave, eeskätt hinnang kõnealuse artikli lõikes 2 osutatud Kem One turuosa suuruse kohta;
These export markets are easily accessible for European producers: so, for Kem One, the cost of transporting S-PVC from its Berre plant to Turkey is around EUR […]/t, compared with EUR […]/t to Germany and northern Europe.
Need aruanded tuleb esitada […] kestel alates käesoleva otsuse vastuvõtmisest.
As a result, Kem One's total exports in the first quarter of 2015 came to […] kt, up from the same period one year earlier ([…] kt).
Esimene aruanne tuleb komisjonile esitada kuus kuud pärast käesoleva otsuse vastuvõtmist.
An IHS report dating from March 2015 emphasises this development in the European PVC market.
Artikkel 4
It indicates that in 2009 exports by S-PVC producers based in western Europe represented 19 % of production, compared with 30 % at the end of 2014.
Prantsusmaa teatab komisjonile kahe kuu pikkuse tähtaja jooksul, arvates käesolevast otsusest teatamise kuupäevast, selle otsuse täitmiseks võetud meetmetest.
This trend is behind the increasing pressure on availability (the exact opposite of a situation of overcapacity in a market) without this resulting in competitive pressure on the Ineos/Solvay joint venture.
Artikkel 5
This pressure pushed up sales prices at the start of 2015.
Käesolev otsus on adresseeritud Prantsuse Vabariigile.
In addition, the drop in supply in the European market increases the bargaining power of PVC producers.
Brüssel, 28. juuli 2015
An ICIS article dated 10 April 2015 makes this observation, based on contacts with customers in the market: ‘One buyer said that with European market seeing low imports, production difficulties and an increase in demand, April will be a month in which producers potentially can break long standing records for margin improvements’.
Komisjoni nimel
This situation has led producers to impose quotas on major customers and increase sales prices.
Margrethe Vestager
The Commission therefore concludes that the interested third parties, in their analysis of overcapacity in the market, did not take sufficient account of developments in the PVC market since the Ineos/Solvay/JV decision, although these very developments can give rise to a situation in which strategically targeted exports to countries outside the EU and the reorientation of production could, with competition weakened, result in price rises to the detriment of customers located in western Europe.
Vt joonealune märkus 1.
By way of a preliminary remark, it should be observed that point 39 of the 2004 Guidelines does not give an exhaustive list of possible compensatory measures, but merely indicates a number of solutions that are acceptable in principle, without restricting the Commission's freedom to opt for compensatory measures not listed there.
Vt eeskätt komisjoni 8. mai 2014. aasta otsus juhtumis M.6905 – Ineos/Solvay/JV (edaspidi „Ineos/Solvay/JV otsus”).
Following its investigation, the Commission has reached the conclusion that the following constitute appropriate compensatory measures:
Kloori kasutatakse vinüülkloriidmonomeeri (VCM) valmistamiseks, millest omakorda valmistatakse PVCd.
cap on nominal production capacity for chlorine ([600-700] kt/year) and caustic soda ([600-700] kt/year other than for internal use) at the Fos-sur-Mer and Lavéra sites for a period of […] from the date of adoption of this Decision,
Prantsuse Vabariigi Teataja nr 279, 1.12.2004, lk 20468.
cap on Kem One's share of the S-PVC market in north-western Europe (Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden and the United Kingdom taken together) [22], at [10-20] % in volume terms for a period of […] from the date of adoption of this Decision,
„Kavas sisalduvate eesmärkide või nende saavutamise vahendite osas tehtava sisulise muudatuse kohta võib abi saaja taotlusel ja kava elluviimise eest vastutava halduri aruande alusel teha otsuse üksnes kohus.
ban on acquiring shares or assets in undertakings in EEA product markets in which Kem One is present for a period of […] from the date of adoption of this Decision; this ban extends to Kem One and to any natural or legal person exercising control over Kem One now or in the next […] within the meaning of Article 3(2) of Council Regulation (EC) No 139/2004 [23].(287) These three compensatory measures are capable of counterbalancing the adverse effects of the aid measures on trading conditions by preventing Kem One from using the aid to increase its presence in the PVC market and the other markets in which it operates.
Kui abi saaja olukord võimaldab kava sisulist muutmist võlausaldajate huvides, võib kohtu tehtava otsuse aluseks olla kava elluviimise eest vastutava halduri ettepanek.”
Cap for a period of […] from the date of adoption of this Decision on nominal production capacity for chlorine ([600-700] kt/year) and caustic soda ([600-700] kt/year other than for internal use) at the Fos-sur-Mer and Lavéra sites.
Otsus selle laenu võtmiseks tehakse sõltuvalt Kem One genereeritud rahavoogudele 2014. ja 2015. aastal.
This measure already amounts to ‘reducing’ effective production of chlorine by […] kt compared with Kem One's effective production capacity as planned after completion of the SAM project.
„Kui loataotlus hõlmab uut rajatist, mis nõuab eritingimuste kohaldamist seoses plahvatusohu või kahjulike ainete levitamisega, väga suure ohuga ümbritseva elanikkonna tervisele või ohutusele või olulise keskkonnakahjuga, on lubatud kehtestada riiklikke piiranguid, mis hõlmavad maa kasutust ning ehitusloa väljastamisega seotud tööde tegemist.”
The current rate of utilisation of production capacities for chlorine and caustic soda is [80-90] % (a habitual utilisation rate of [85-95] % cut by some [5-15] % as a result of an exceptional incident at the Fos-sur-Mer site in June 2014).
ELT C 14, 19.1.2008, lk 2.
The production capacity utilisation rate of [90-100] % in 2015 and 2016 corresponds to […] kt/year.
Baasmäära suurendamine 650 baaspunkti võrra tavaliseks hinnatud laenutagatiste puhul ja 1000 baaspunkti võrra nõrgaks hinnatud laenutagatiste puhul.
However, it must be noted that the new membrane electrolysis facility should be capable of producing [5-15] % more than the ‘nominal’ production of […] kt/year, by increasing the electrical current density from […] to […] kA/m2.
[…] eurot tööandja sissemaksed + […] eurot maksud + […] euro suurune võlg Malakoff-Médérici kontsernile seoses kohustusliku sotsiaalkindlustuskorraga.
This is the technical solution that Kem One has opted for, and the acquisition of the necessary equipment has been negotiated with the supplier, with a view to facilitating a future increase in production, in line with the growth in the chlorine market expected in 2017 and subsequently.
[…] % suurune osa kustutamata võlgadest ([…] eurot), lisaks sellele mittekustutatavad võlad […] euro ulatuses ja pärast õigusliku tervendamismenetluse alustamist tekkinud sotsiaalvõlad 13 miljoni euro ulatuses.
If all of Kem One's chlorine outlets are considered together (its downstream production plants for S-PVC, paste PVC, chlorinated PVC and chloromethanes), it has sufficient capacity to absorb a chlorine production of […] kt/year.
ELT C 249, 31.7.2014, lk 1.
Moreover, Kem One forecasts growth in demand in western Europe of […] % per year for chlorine and […] % per year for caustic soda [24].
Euroopa Parlamendi ja nõukogu 24. novembri 2010. aasta direktiiv 2010/75/EL tööstusheidete kohta (saastuse kompleksne vältimine ja kontroll) (ELT L 334, 17.12.2010, lk 17).
Capping production capacity will therefore prevent Kem One from growing its chlorine production to [600-700] kt/year of actual production, which would have brought it close to saturating all of its potential outlets, in other words, maximising the utilisation rates of its downstream chlorine assets.
Komisjoni 26. juuli 2011. aasta otsus juhtumis M.6218 – Ineos//Tessenderlo Group S-PVC Assets.
Ultimately, capping nominal capacity at [600-700] kt/year of chlorine, or an expected actual production of […] kt/year, prevents Kem One from keeping in step with the growth in the caustic soda market, resulting in a lost opportunity of around […] % of growing sales in […].
Vt ka Ineos/Solvay/JV otsus.
Kem One's share of the caustic soda market in western Europe, estimated at [5-15] %, would therefore fall to [5-15] %.
Vt Ineos/Solvay/JV otsuse punktid 805, 828 ja 838.
Moreover, this measure would make it impossible for Kem One to increase its own outlets and shares of the European and/or export market for the chlorine derivatives of S-PVC, E-PVC (or PVC paste), C-PVC (or chlorinated PVC), chloromethanes and, to a lesser extent, liquid chlorine.
9. juunil 2015 andis komisjon loa teatavate Ineose „vinüülkloriidide” harusse kuuluvate ettevõtete omandamiseks ettevõttele ICIG ja kinnitas viimati nimetatud ettevõtte ühisettevõtte loomisega seotud loovutatud varade omandajaks (IP/15/5147).
The lost opportunity is calculated at around […] kt of chlorine over […].
Vt Ineos/Solvay/JV otsuse punkt 403.
By way of illustration, […] kt of chlorine can be used for example to produce […] kt of S-PVC, allowing Kem One to increase its market share from [10-20] % to [10-20] %, calculated with reference to Kem One's PVC sales ([…] kt/year) and the size of the S-PVC market that can be accessed by European producers ([…] Mt).
Nõukogu 20. jaanuari 2004. aasta määrus (EÜ) nr 139/2004 kontrolli kehtestamise kohta ettevõtjate koondumiste üle (EÜ koondumismäärus) (ELT L 24, 29.1.2004, lk 1).