natgillin/translations-raw huggingface dataset:
The loan was to run until December 1998 but was subsequently prolonged several times and, according to the latest information, is still outstanding.
Posojilo naj bi podjetje vrnilo do decembra 1998. Vendar je bilo kasneje večkrat podaljšano in po zadnjih podatkih še ni bilo vrnjeno.
Measure 8: In April 1998 CWP also obtained an investment loan of EUR 4345981 (DEM 8,5 million) from Hypovereinsbank.
Ukrep 8: Aprila 1998 je podjetje CWP od Hypovereinsbank dobilo tudi posojilo za naložbe v višini 4345981 EUR (8,5 milijona DEM).
This loan was covered by a 20 % guarantee from the BvS for EUR 869196 (DEM 1,7 million).
To posojilo je zavod BvS zavaroval z 20 odstotnim poroštvom v višini 869196 EUR (1,7 milijona DEM).
The remaining 80 % was covered by a guarantee from the Land of Saxony-Anhalt (see Measure 10).
Ostalih 80 % posojila je s poroštvom zavarovala zvezna dežela Saška-Anhalt (glej ukrep 10).
The loan was to run until May 2013.
Posojilo podjetje vrne do maja 2013.
According to the latest information, it is still outstanding.
Po zadnjih podatkih posojilo še ni bilo vrnjeno.
Measures 7a/8a: Following the initiation of the formal investigation procedure, Germany stated that the 20 % guarantees from the BvS were prolonged on several occasions.
Ukrepa 7a/8a: Po uvedbi uradnega preiskovalnega postopka je Nemčija navedla, da so bila 20 %-na poroštva BvS večkrat podaljšana.
On 21 November 2000 the BvS finally paid direct to the banks the part of the loans covered by these guarantees, i.e. EUR 1513424 (DEM 2,96 million).
novembra 2000 je zavod BvS bankam neposredno končno plačal del posojila v višini 1513424 EUR (2,96 milijona DEM), ki je bil zavarovan s temi poroštvi.
This cash serves as security for the repayment of the credit by CWP.
Ta gotovina je varščina za vračilo kredita s strani podjetja CWP.
Hence, for the banks it merely replaces existing securities, but for CWP it constitutes a new loan replacing 20 % of the previous ones.
Kar zadeva banke, je šlo pri tem samo za nadomestilo obstoječih varščin, kar zadeva podjetje CWP, pa je šlo za novo posojilo, ki je nadomestilo 20 % prejšnjih posojil.
CWP is supposed to pay the amount of EUR 1513424 (DEM 2,96 million) by 31 December 2005, together with interest corresponding to the Commission’s reference rate.
Podjetje CWP bi moralo znesek v višini 1513424 EUR (2,96 milijona DEM) poravnati do 31. decembra 2005 in plačati obresti v skladu z referenčno obrestno mero, ki jo je določila Komisija.
However, in its response to the information injunction, Germany reported that since January 2003 CWP had not paid any interest and that the payments had been deferred.
Vendar je Nemčija v svojem odgovoru na odredbo o predložitvi podatkov navedla, da podjetje CWP od januarja 2003 ne plačuje obresti in odlaga plačila.
Interest accumulated until December 2002 and amounting to EUR 301000 (DEM 588705) was paid in July 2003.
Podjetje CWP je obresti v višini 301000 EUR (588705 DEM), ki so se nabrale do decembra 2002, plačalo julija 2003.
The latest amendment to the privatisation contract, which took place in July 2003, provided for the transformation of this loan, including interest deferred since January 2003, into a grant, i.e. the waiver of the repayment of the loan, including the outstanding interest, by CWP in the event of a positive Commission decision.
Nazadnje je bila pogodba o privatizaciji julija 2003 spremenjena tako, da bi se to posojilo v primeru pozitivne odločitve Komisije skupaj z obrestmi, ki niso bile plačane od januarja 2003, pretvorilo v subvencijo, tj. da bi se podjetju CWP oprostilo vračilo posojila skupaj z neplačanimi obrestmi.
Since the measures in question consist simply in the prolongation or the extension of the measures covered by the decision to initiate the formal investigation procedure, they must be assessed by the Commission in the present decision.
Ker gre pri zadevnih ukrepih samo za podaljšanje ali dopolnitev ukrepov, ki so zajeti v odločitvi za uvedbo uradnega preiskovalnega postopka, jih mora Komisija v tej odločbi oceniti.
Measure 9: The remaining amount of the operating loan of EUR 3221138 (DEM 6,3 million) under Measure 7 was also covered by an 80 % guarantee from the Land of Saxony-Anhalt amounting to EUR 2576911 (DEM 5,04 million).
Ukrep 9: Tudi preostali znesek posojila za obratna sredstva v višini 3221138 EUR (6,3 milijona DEM) (ukrep 7) je zvezna dežela Saška-Anhalt zavarovala z 80-odstotnim poroštvom v višini 2576911 EUR (5,04 milijona DEM).
This guarantee was initially granted until 30 April 1998 but was prolonged for one year on several occasions.
Poroštvo je bilo prvotno odobreno do 30. aprila 1998, vendar je bilo večkrat podaljšano za eno leto.
CWP has requested a further prolongation.
Podjetje CWP je zaprosilo še za dodatno podaljšanje.
According to the information submitted by Germany, the guarantee is clearly still in force.
Po podatkih, ki jih je posredovala Nemčija, poroštvo očitno še vedno velja.
In the event of a positive Commission decision in this case, the Land of Saxony-Anhalt would consider a further prolongation of the guarantee.
V primeru, da bi Komisija o tej zadevi odločila pozitivno, bi zvezna dežela Saška-Anhalt razmislila o dodatnem podaljšanju poroštva.
Measure 10: The remaining amount of the investment loan of EUR 4345981 (DEM 8,5 million) under Measure 8 was also covered by an 80 % guarantee from the Land of Saxony-Anhalt amounting to EUR 3476785 (DEM 6,8 million).
Ukrep 10: Tudi preostali del posojila za naložbe v višini 4345981 EUR (8,5 milijona DEM) (ukrep 8) je zvezna dežela Saška-Anhalt zavarovala z 80-odstotnim poroštvom v višini 3476785 EUR (6,8 milijona DEM).
The guarantee runs until April 2013.
Poroštvo preneha veljati aprila 2013.
Measure 11: Direct investment grants amounting to EUR 1937796 (DEM 3,79 million) were made on 8 July 1998.
Ukrep 11: 8. julija 1998 je podjetje CWP prejelo subvencije za naložbe v višini 1937796 EUR (3,79 milijona DEM).
According to Germany, an amount of only EUR 1845764 (DEM 3,61 million) has been used up.
Po podatkih Nemčije je od tega porabilo samo 1845764 EUR (3,61 milijona DEM).
Measure 12: Investment allowances totalling EUR 357904 (DEM 0,7 million).
Ukrep 12: Dodatki za naložbe v višini 357904 EUR (0,7 milijona DEM).
The restructuring
Prestrukturiranje
According to the information provided by Germany in 1997, a first restructuring effort had been undertaken in the wake of privatisation with the THA measures (Measures 1 to 3).
Prva prizadevanja za prestrukturiranje so bila po podatkih, ki jih je Nemčija posredovala leta 1997, vidna že med privatizacijo, ki jo je podpiral THA s svojimi ukrepi (ukrepi 1–3).
However, this effort failed and in 1996 the difficulties facing CWP were caused by insufficient equity, an interruption in the supplies of raw materials and a lack of liquidity.
Vendar ta prizadevanja niso bila uspešna in podjetje CWP je v poslovnem letu 1996 zaradi nezadostnega obsega lastnega kapitala, prekinitve oskrbe s surovinami in manjkajoče likvidnosti zašlo v težave.
The insufficiency of equity was due to the failure of Phosfor AG to increase its capital contribution of EUR 15339 (DEM 30000) to EUR 818067 (DEM 1,6 million) by 30 September 1994.
Vzrok za nezadosten obseg lastnega kapitala je bil v tem, da podjetje Phosfor AG svojega kapitalskega vložka do 30. septembra 1994 ni povečalo s 15339 EUR (30000 DEM) na 818067 EUR (1,6 milijona DEM).
As regards supplies, CWP counted on using elemental phosphorus as the raw material for the production of phosphoric acid, which, in turn, is the basis for the production of phosphates.
Kar zadeva oskrbo s surovinami, je podjetje CWP računalo, da ga bodo oskrbovali z elementarnim fosforjem kot surovino za proizvodnjo fosforne kisline. Fosforna kislina je namreč osnova za proizvodnjo fosfatov.
Elemental phosphorus was to be supplied by Phosfor AG from Kazakhstan.
Elementarni fosfor naj bi podjetju CWP dobavljalo podjetje Phosfor AG iz Kazahstana.
This, however, did not take place and CWP faced supply bottlenecks for the raw material between 1995 and 1996.
Ker teh pošiljk ni bilo, je v poslovnem letu 1995/1996 prišlo do težav pri oskrbi s surovinami.
The company only partly succeeded in making up this shortfall by buying elemental phosphorus at higher prices in other markets.
Podjetju je ta primanjkljaj samo delno uspelo izravnati tako, da je surovine po višjih cenah kupovalo na drugih trgih.
Production came to a standstill, leading to losses in 1995 and 1996 that reduced considerably the company’s liquidity headroom.
Posledica tega je bila ustavitev proizvodnje, ki je v letih 1995 in 1996 vodila v izgubo, tako da se je likvidnost podjetja občutno zmanjšala.
The original restructuring plan
Prvotni načrt za prestrukturiranje
In order to restore the company’s long-term viability, a sound restructuring plan was necessary.
Za ponovno vzpostavitev dolgoročne donosnosti podjetja je bilo potrebno učinkovito prestrukturiranje.
According to the 1997 notification, this was to be implemented during the period 1997 to 2000.
V skladu s prijavo iz leta 1997 naj bi prestrukturiranje potekalo med letoma 1997 in 2000.
The plan envisaged mainly investments in a new production process (the wet process).
V glavnem so bile predvidene naložbe v nov proizvodni postopek („mokri postopek“).
Until 1996 CWP’s production was made up above all of common phosphates (low level of purity) used primarily in detergents.
Do leta 1996 je podjetje CWP proizvajalo predvsem fosfate z nizko stopnjo čistosti, ki so se uporabljali pretežno za izdelavo pralnih praškov.
Phosphates are derived from phosphoric acid, which CWP produced both for internal consumption (processing into phosphates) and for sale to third parties.
Fosfati se pridobivajo iz fosforne kisline. Podjetje CWP je fosforno kislino proizvajalo zase (predelovalo jo je v fosfate) in jo prodajalo tretjim osebam.
There are two processes for producing phosphoric acid, each using a different raw material.
Za proizvodnjo fosforne kisline se uporabljata dva postopka, vsak poteka z drugo surovino.
In the wet process, pure phosphoric acid is extracted from basic or crude phosphoric acid (Merchant Grade Acid, MGA) by means of a chemical reaction.
Pri „mokrem postopku“ s pomočjo kemijske reakcije iz surove fosforne kisline (Merchant Grade Acid – MGA) dobimo čisto fosforno kislino.
In the thermal process employed by CWP, pure phosphoric acid is obtained by the combustion of elemental phosphorus.
S termičnim proizvodnim postopkom, ki ga je uporabljalo podjetje CWP, pa čisto fosforno kislino dobimo z zgorevanjem elementarnega fosforja.
Since, according to the notification, raw phosphoric acid was easier to obtain and cheaper to process than elemental phosphorus, CWP decided under the restructuring plan to change the raw material base and, as a consequence, the production method.
Ker se, kot je navedeno v prijavi, surova fosforna kislina v primerjavi z elementarnim fosforjem lažje dobi in se jo ceneje predela, se je podjetje CWP odločilo, da bo v okviru načrta za prestrukturiranje zamenjalo osnovo za surovino in s tem tudi proizvodni postopek.
This was intended to resolve the supply difficulties for elemental phosphorus from Kazakhstan.
Tako naj bi rešilo težave, ki jih je imelo zaradi nedobavljanja elementarnega fosforja iz Kazahstana.
Germany submitted two documents which it claimed constituted the restructuring plan.
Nemčija je načrt za prestrukturiranje predložila v obliki dveh dokumentov.
These documents contradicted the 1997 notification.
Ta dokumenta sta v nasprotju s prijavo iz leta 1997.
The first document, dated 29 May 1996 and headed ‘A new concept for continuing the business of CWP as the company that acquired the phosphorus derivatives division of Stickstoffwerke AG Wittenberg’ sums up CWP’s restructuring strategy. There are essentially two goals: firstly, to broaden the raw material base and, secondly, to extend the company’s sphere of activity.
Prvi dokument z dne 29. maja 1996 z naslovom „Nov koncept za nadaljevanje poslovanja podjetja CWP kot podjetja, ki je prevzelo oddelek Fosforni derivati podjetja Stickstoffwerke AG Wittenberg“ povzema strategijo za prestrukturiranje podjetja CWP, s katero naj bi v glavnem dosegli dva cilja: prvi cilj je razširitev osnove za surovine in drugi cilj je razširitev obsega dejavnosti podjetja.
However, there was no mention in that document of the thermal production process being abandoned.
Vendar ta dokument ne omenja opustitve termičnega proizvodnega postopka.
On the contrary, production was to remain based on elemental phosphorus and the thermal process, although some installations would be adapted for the processing of raw phosphoric acid which CWP would buy.
Nasprotno naj bi podjetje CWP nadaljevalo s proizvodnjo na osnovi elementarnega fosforja s termičnim postopkom in z določenimi napravami začelo predelovati surovo fosforno kislino, ki jo je mogoče kupiti.
It was also proposed that consideration be given to building in the medium term an extraction installation for the purification of MGA, i.e. for production using the wet process.
Poleg tega je v dokumentu govora o tem, da bi bilo srednjeročno treba premisliti o gradnji ekstrakcijskega objekta za čiščenje MGA, tj. proizvodnji z mokrim postopkom.
In the second document, dated 16 October 1996 and headed ‘Proposal for the long-term survival of CWP, including the investment and financing plan’, CWP defined its investment priorities and the manner in which they would be financed, but it did not call into question the strategy previously formulated of maintaining the thermal process while, at the same time, introducing the wet process.
V drugem dokumentu z naslovom „Predlog za dolgoročno preživetje podjetja CWP, vključno z investicijskim načrtom in načrtom za financiranje“ z dne 16. oktobra 1996 je podjetje CWP predstavilo svoje prednosti investiranja in načrte za financiranje, ne da bi se pri tem vprašalo, ali je prej razvita strategija za ohranitev termičnega proizvodnega postopka ob uvedbi mokrega postopka ustrezna.
Among the investment priorities was the adaptation of the existing plant and equipment to process wet phosphoric acid and the construction of the extraction installation mentioned above, the aim being to ensure by September 1998 that CWP would no longer be dependent on elemental phosphorus.
K prednostim investiranja sodijo preureditev obstoječih naprav in obratov za predelavo mokre fosforne kisline in gradnja zgoraj navedenega ekstrakcijskega objekta, tako da podjetje CWP do septembra 1998 ne bi bilo več odvisno od elementarnega fosforja.
The feasibility of this extraction installation was the subject of a report by a consultant, DLM, [11] which also provided a cost study [12] putting the costs of this installation at EUR 3,07 million (DEM 6 million).
Nek izvedenec je izdelal študijo o izvedljivosti projekta tega ekstrakcijskega objekta, DLM [11], poleg tega pa študijo o stroških [12], v kateri je stroške za gradnjo objekta ocenil na 3,07 milijona EUR (6 milijonov DEM).
Amendment of the plan
Sprememba koncepta
In its response to the initiation of the formal investigation procedure, Germany explained that the technical plan for the construction of the extraction installation had been amended and expanded.
V svojem odgovoru na uvedbo uradnega preiskovalnega postopka je Nemčija navedla, da je podjetje CWP spremenilo in razširilo tehnični koncept za gradnjo ekstrakcijskega objekta.
A first amendment took place in December 1997, when tests revealed that post-treatment of the aid (defluoridation and concentration) was necessary in order to obtain the quality level required by the food industry.
Do prve spremembe je prišlo decembra 1997, ko je serija preskusov pokazala, da je bilo kislino, da bi dosegli kakovost, potrebno za živila, s postopkom defluoriranja in koncentracije treba še dodatno obdelati.
In February 1999 a CWP supplier who had so far provided MGA, which needed no pre-treatment, cancelled its contract.
Februarja 1999 je dobavitelj, ki je do takrat podjetju CWP dobavljal kislino v MAG kakovosti, ki ne zahteva predčiščenja, odpovedal svojo pogodbo o storitvah dobavljanja.
As a result, CWP had to buy standard MGA, pre-treat it and bleach it.
Zato je moralo podjetje CWP kislino kupovati v MAG standardni kakovosti, jo predčistiti in razbarvati.
These two changes increased costs, led to a delay of eighteen months or so in the implementation of the plan and moreover forced CWP to expand its installations, which in turn further increased costs and compounded the delay.
Posledica teh dveh sprememb so bili večji stroški, izvedba koncepta se je podaljšala za približno leto in pol in zato je bilo podjetje CWP prisiljeno razširiti svoje naprave in objekte, kar pa je spet povzročilo dodatne stroške in še upočasnilo izvedbo koncepta.
The costs of the extraction installation rose from EUR 3,07 million (DEM 6 million) to EUR 7,772 million (DEM 15,1 million).
Stroški za ekstrakcijski objekt so se s 3,07 milijona EUR (6 milijonov DEM) zvišali na 7,772 milijona EUR (15,1 milijona DEM).
Furthermore, in 2000 CWP faced a problem with raffinate, a highly toxic by-product.
Poleg tega se je v letu 2000 visoko toksičen stranski proizvod rafinat izkazal za problematičnega.
Germany’s response to the initiation of the formal investigation procedure indicates that CWP had hoped that third parties would further process this raffinate but it discovered in mid-2000 that there were no offers for its raffinate.
V svojem odgovoru na uvedbo uradnega preiskovalnega postopka je Nemčija navedla, da je podjetje CWP upalo, da bodo tretje osebe nadaljevale z obdelavo rafinata, vendar se je sredi leta 2000 moralo sprijazniti s tem, da za to ni bilo ponudb.
The resulting crisis, together with the delays in carrying out the restructuring measures brought the construction of the extraction installation to a halt.
Zaradi krize, ki je sledila, in zamude pri izvajanju ukrepov za prestrukturiranje se je gradnja ekstrakcijskega objekta ustavila.
In the summer of 2000, despite several capital increases by the shareholders, the company was on the verge of insolvency.
Kljub več povečanjim kapitala s strani družbenikov je bilo podjetje poleti leta 2000 tik pred insolvenco.
This danger was finally averted by an agreement with TI.
Temu se je podjetje lahko izognilo tako, da je sklenilo pogodbo s TI.
The agreement, which was reached in early 2001, provided for the sale of the phosphate production to TI, as described above.
Pogodba o prodaji proizvodnje fosfatov podjetju TI, kot je bila že opisana zgoraj, je bila sklenjena v začetku leta 2001.
Until the contract becomes effective, CWP will produce phosphates exclusively for TI, which will provide the raw material.
Dokler pogodba ni pravnomočna, podjetje CWP fosfate proizvaja izključno za podjetje TI, slednje pa zagotavlja surovine.
Once the agreement is in force, CWP will withdraw altogether from the production of phosphates and will only produce phosphoric acid using the wet process once its extraction installation has been completed.
Ko bo pogodba stopila v veljavo, bo podjetje CWP v celoti prenehalo s proizvodnjo fosfatov in bo, ko bo ekstrakcijski objekt dokončan, izdelovalo samo še fosforno kislino po mokrem postopku.
This means that new measures have to be undertaken for the closure of the installations producing thermal phosphoric acid (CWP’s traditional production method), phosphorus peroxide and sodium hypophosphite (one of the products introduced as part of the restructuring) and for the closure of the phosphorus warehouse (since phosphorous will no longer be used as a raw material).
Zato je potrebno sprejeti nove ukrepe za ustavitev naprav za proizvodnjo fosforne kisline s termičnim postopkom (tradicionalna metoda izdelovanja podjetja CWP), fosforjevega pentoksida, natrijevega hipofosfita (eden od izdelkov, ki je bil uveden v okviru prestrukturiranja) in skladišča za fosfor (ker se fosforja ne bo več uporabljalo kot surovino).
CWP’s workforce is to be reduced by some 33 people.
Število zaposlenih podjetja CWP se je zmanjšalo za približno 33.
Germany considers that the restructuring of CWP was successfully accomplished in respect of phosphate production, which is to be taken over by TI.
Po mnenju Nemčije je bilo prestrukturiranje podjetja CWP na področju proizvodnje fosfatov, ki naj bi jo prevzelo podjetje TI, uspešno zaključeno.
As regards the production of phosphoric acid, the restructuring will be successful once TI has paid the purchase price for CWP’s assets.
Prestrukturiranje bo uspešno končano tudi na področju proizvodnje fosforne kisline, ko bo podjetje TI plačalo nakupno ceno za sredstva podjetja CWP.
CWP will then be able to complete the extraction installation and ensure its long-term viability without substantially departing from the original plan.
Slednje bo potem dokončalo ekstrakcijski objekt in si bo lahko zagotovilo dolgoročno preživetje, ne da bi se pri tem bistveno oddaljilo od prvotnega koncepta za prestrukturiranje.
According to Germany, 90 % of the extraction installation has already been completed.
Po navedbah Nemčije je gradnja ekstrakcijskega objekta v 90 % že končana.
The production of thermal phosphoric acid was discontinued in February 2001.
Podjetje CWP je proizvodnjo fosforne kisline s termičnim postopkom ustavilo že februarja 2001.
The installations have been emptied and cleaned and will not be used any more.
Naprave in objekti so izpraznjeni, očiščeni in se jih ne uporablja več.
Costs of the restructuring
Stroški prestrukturiranja
According to the document ‘Proposal for the long-term survival of CWP, including the investment and financing plan’, dated 16 October 1996, CWP needed investments totalling EUR 5,62 million (DEM 11 million) and working capital amounting to EUR 2,56 million (DEM 5 million) during the period 1996 to 2000.
Glede na dokument „Predlog za dolgoročno preživetje podjetja CWP, vključno z investicijskim načrtom in načrtom za financiranje“ z dne 16. oktobra 1996 bi podjetje CWP v letih 1996–2000 potrebovalo naložbe v višini 5,62 milijona EUR (11 milijonov DEM) in obratna sredstva v višini 2,56 milijona EUR (5 milijonov DEM).
However, the same document contains an investment plan detailing investments totalling EUR 9,29 million (DEM 18,17 million).
Vendar je v istem dokumentu investicijski načrt, ki izkazuje naložbe v skupni vrednosti 9,29 milijona EUR (18,17 milijona DEM).
According to the 1997 notification, restructuring costs would total EUR 12,88 million (DEM 25,2 million).
Glede na prijavo iz leta 1997 stroški prestrukturiranja znašajo skupaj 12,88 milijona EUR (25,2 milijona DEM).
The restructuring measures notified in 1997 are summarised in Table 4.
Ukrepi za prestrukturiranje, ki so bili prijavljeni leta 1997, so povzeti v preglednici 4.
Restructuring measures
Ukrepi za prestrukturiranje
Loss compensation (1995 to 1998)
Izravnava izgub (1995–1998)
Investments in safety
Naložbe v varnost
Restructuring investment
Naložbe v prestrukturiranje
Clean-up of environmental damage dating from before 1 July 1990
Sanacija ekoloških obremenitev iz obdobja pred 1. julijem 1990
Following the initiation of the formal investigation procedure, those same costs were estimated at EUR 18,87 million (DEM 36,9 million).
Po uvedbi uradnega preiskovalnega postopka so bili stroški prestrukturiranja navedeni v vrednosti 18,87 milijona EUR (36,9 milijona DEM).
It should be noted that Table 5 contains two new items, i.e. ‘grants’ and ‘waiver of purchase price’, which constitute financial resources rather than restructuring costs.
Ugotovimo lahko, da sta v preglednici 5 dve novi rubriki „Subvencije“ in „Oprostitev nakupne cene“, pri katerih gre bolj za finančna sredstva kot za stroške prestrukturiranja.
Restructuring investments
Naložbe v prestrukturiranje
Cleaning-up of environmental damage dating from before 1 July 1990
Sanacija ekoloških obremenitev iz obdobja pred 1. julijem 1990
In its response to the information injunction, Germany divided the restructuring into two parts: restructuring of phosphate production and restructuring of the other areas (mainly phosphoric acid production).
V svojem odgovoru na odredbo o predložitvi podatkov je Nemčija prestrukturiranje razčlenila v dela: prestrukturiranje proizvodnje fosfatov in prestrukturiranje ostalih področij (predvsem izdelava fosforne kisline).