natgillin/translations-raw huggingface dataset:
Apart from the production plants already mentioned (see recital 20), Carsid intends to acquire a new plant […] to improve product quality and plans to carry out maintenance investments at other plants and environmental investment.
Poleg že omenjenega proizvodnega orodja (glej uvodno izjavo (20)), namerava Carsid kupiti nova postrojenja […] za izboljšanje kakovosti proizvodov, kakor tudi investirati v vzdrževanje ostalih postrojenj in v varovanje okolja.
The procurement of raw materials will be delegated to the relevant departments of Arcelor and the Duferco group, against remuneration.
Oskrba s surovinami bo zaupana pristojnim službam združenj Arcelor in Duferco, proti povračilu.
Thus, scrap purchases will be the responsibility of the […] group and purchases of ore, coal and coke will be the responsibility of the […] group.
Na tak način bodo nakupi starega železa v pristojnosti združenja […] in nakupi rudnin, premoga in koksa v pristojnosti združenja […].
Carsid’s shareholders agreed that the companies for which the production of slabs is intended will cover the production costs of the relevant plant.
Delničarji družbe Carsid so se dogovorili, da bodo podjetja, katerim je namenjena proizvodnja bram, pokrila izdatke proizvodnje žic.
The slabs will moreover be supplied at production cost + 1 %, thus ensuring that the company will not make a loss.
Brame bodo poleg tega vlivali po proizvodni ceni + 1 % in tako zagotavljali, da podjetje ne bo imelo izgub.
As from the […] year, the shareholders have also agreed to distribute […] of profits as dividends.
Delničarji so se tudi dogovorili, da bodo od […] leta dalje razdelili […] dobička kot tudi dividend.
The fixed costs of the casting plant will be borne by Duferco, and the fixed costs of the electric plant will be borne by Cockerill Sambre up to a capacity of […] tonnes.
Fiksne stroške proizvodnje žic iz litine bo nosil Duferco, in fiksne stroške električne proizvodnje žic bo nosil Cockerill Sambre do višine […] ton.
When the capacity of the electric plant reaches 1 million tonnes, only […] will be borne by Cockerill, the rest being borne by Duferco.
Ko bo kapaciteta električne proizvodnje žic znašala 1 milijon ton, bo samo […] v breme družbe Cockerill, ostalo pa bo v breme združenja Duferco.
However, if one partner uses some or all of the capacity intended for the other party, it will bear the fixed costs in proportion to its use.
Vendar pa partner, ki uporablja celotno kapaciteto ali del kapacitete, dodeljene drugi stranki, nosi fiksne stroške v sorazmerju s svojo uporabo.
Variable costs will be borne by each party in relation to the output which is allotted to it.
Variabilne stroške bosta nosili obe stranki v razmerju s proizvodnjo, ki jima je dodeljena.
It is established in the contract that the workforce of the electric plant will essentially vary through use of layoffs and, where possible, through use of staff in the casting plant.
Pogodba določa, da je delovna sila električne proizvodnje žic v glavnem variabilna z ukrepi tehnoloških viškov, v proizvodnji žice iz litine pa z uporabo administrativnega kadra, v mejah možnosti.
V. THE SITUATION ON THE STEEL MARKET IN 2001
V. POLOŽAJ JEKLARSKE INDUSTRIJE NA TRGU LETA 2001
Following a very good year for the Community steel industry in 2000, with output reaching a record level of 163,2 million tonnes of steel, a downward trend in output became apparent as from the beginning of 2001 and became more marked subsequently.
Po zelo uspešnem letu 2000 za jeklarski sektor Skupnosti z rekordno proizvodnjo 163,2 milijonov ton jekla, se je v začetku leta 2001 začela ugotavljati tendenca upadanja te proizvodnje, kar se je kasneje tudi potrdilo.
In a more general context, in addition to the slowdown in growth throughout the world, uncertainty as the economic situation was increased by the events of 11 September 2001 in the United States.
Na splošno se je upočasnitvi rasti, ki je bila ugotovljena v vseh svetovnih regijah, pridružila negotovost v smislu gospodarskega razvoja po dogodku 11. septembra 2001 v Združenih državah.
As regards more particularly flat carbon steel products, which are the main products of Duferco Clabecq and Duferco La Louvière, the situation on the market in the Community in 2001 was very worrying as a result in particular of imports (see the figures for 2001 given in Commission Regulation (EC) No 560/2002 of 27 March 2002 imposing provisional safeguard measures against imports of certain steel products) [9].
Kar zadeva ploščata karbonska jekla, ki so glavni proizvod družb Duferco Clabecq in Duferco La Louvière, je bil položaj na trgu Skupnosti v 2001 zelo zaskrbljujoč zlasti zaradi uvoza (o tem glej podatke za leto 2001, navedene v Uredbi Komisije (ES) št. 560/2002 z dne 27. marca 2002, ki uvaja začasne varovalne ukrepe v zvezi z uvozom določenih jeklarskih proizvodov [9].
At world level, the situation was hardly any better, as noted by all the participants at the high-level OECD meeting held on 17 to 18 September 2001.
V svetovnem merilu položaj ni bil niti malo boljši, kot so ugotavljali vsi udeleženci sestanka na visoki ravni, ki je potekal v OECD 17.–18. septembra 2001.
In addition, the investigations into steel initiated by the United States in January and July 2001 had added to the uncertainty as to the prospects for the development of international trade in steel products.
Poleg tega so preiskave o jeklu, ki so jih v januarju in juliju 2001 sprožile Združene države, še povečale negotovost glede perspektiv razvoja mednarodne trgovine z jeklarskimi proizvodi.
Belgium is a net exporter of steel products.
Belgija je neto izvoznik jeklarskih proizvodov.
In 2001, more than 70 % of its output was exported to the rest of the Community.
Leta 2001 je bilo več kot 70 % njene proizvodnje namenjenih v ostale države Skupnosti.
DOUBTS EXPRESSED BY THE COMMISSION IN INITIATING THE PROCEDURE
DVOMI KOMISIJE OB ZAČETKU POSTOPKA
The Commission expressed doubts that Sogepa’s behaviour, even analysed in the overall context of its past investments, was equivalent to that of a private investor, for two types of reason:
Komisija je izrazila dvome glede dejstva, da obnašanje družbe Sogepa, ki je bilo analizirano tudi v globalnem kontekstu njenih preteklih investicij, odgovarja delovanju zasebnega investitorja, in to iz dveh razlogov:
a supposed private shareholder in Carsid would not be prepared to be alone in providing all the cash for the company’s new needs since the risks for the private shareholders and the public shareholder of Carsid could not be considered equivalent.
hipotetični zasebni delničar družbe Carsid ne bi bil pripravljen sprejeti tega, da bi moral sam prispevati celoten delež v gotovini, da bi se soočil z novimi potrebami podjetja, ker v tem primeru tveganja, ki jih sprejemajo zasebni delničarji, in tveganja državnega delničarja družbe Carsid ne bi bili enakovredni.
The contribution of the private partners served no more than to move the productive plant within companies belonging to the group.
Partnerji-zasebniki bi s svojim prispevkom le premestili proizvodna postrojenja znotraj podjetij združenja.
The State, on the other hand, was putting up fresh money, with a new risk,
Nasprotno pa država za to daje svež denar, se pravi, z novim tveganjem;
the expected return on the capital invested by the State in Carsid could not be considered to match the expectations of a private investor, since the return on such investment depended, on the one hand, on the situation of the firms involved in the project and, on the other, on developments in the steel industry at world, European and regional level.
pričakovano povračilo iz kapitala, ki ga je investirala država v Carsid, se ni moglo smatrati kot enako pričakovanjem zasebnega investitorja, ker je donosnost te investicije odvisna, na eni strani, od specifične situacije podjetij, ki jih ta projekt zadeva, in na drugi strani od razvoja jeklarskega sektorja tako na svetovni, evropski in regionalni ravni.
The steel producer Corus believes that the Walloon region’s investment in Carsid through Sogepa involves State aid.
Proizvajalec jekla Corus ocenjuje, da investiranje, ki ga je izvedla valonska regija v družbi Carsid preko družbe Sogepa, predstavlja državno pomoč.
The company bases its opinion on the fact that a private investor seeking a return on an investment would not have acquired a stake in Carsid under the conditions accepted by Sogepa.
To podjetje svoje mnenje podpira z dejstvom, da zasebni investitor, ki želi izpeljati donosno investicijo, iz udeležbe v družbi Carsid pod pogoji, ki jih je sprejela družba Sogepa, ne bi ničesar pridobil.
In the first place, Corus takes the view that Carsid is not competitive and will not be competitive in the future.
Prvič, Corus ocenjuje da Carsid ni in ne bo konkurenčen.
According to Corus, Carsid has, because of its geographical location, a number of competitive disadvantages in terms of input costs: labour, coal price, iron ore price, scrap price and electricity price.
Kot pravi Corus, Carsid zaradi svoje notranje lokalizacije predstavlja določene konkurenčne neugodnosti v zvezi z izdatki „proizvodnih sredstev“: delovna sila, premog in železova ruda, staro železo; elektrika.
Furthermore, its scale of operation is too small to allow it to benefit it from economies of scale [10].
Sicer pa je premajhen, da bi bil upravičen do ugodnosti ekonomije obsega [10].
Carsid has no offsetting competitive advantage to counteract those penalties: it will sell commodity products into an over-supplied market, while other producers are better placed for exports.
Nasprotno pa družba Carsid nima specifičnih prednosti: prodajala bo banalne polproizvode, za katere je dovolj presežnih kapacitet, medtem ko imajo ostali proizvajalci boljši položaj za izvoz.
Production costs at Charleroi are currently 15 % higher than an average competitor.
Proizvodni stroški na lokaciji Charleroi so trenutno višji za 15 % od stroškov povprečnega konkurenta.
Charleroi, with a cost of USD 219 per tonne, is the highest-cost producer in Europe (with the exception of the small Greek producer Halyvourgiki).
Charleroi je s stroškom 219 USD po toni proizvajalec z najvišjimi stroški v Evropi (z izjemo majhnega grškega proizvajalca Halyvourgiki).
It is placed at number 207 out of 300 producers analysed by World Steel Dynamics.
Uvrščen je na 207. mesto med 300 proizvajalci, ki jih je analiziral World Steel Dynamics.
If one adds to this the fact that Carsid will sell its slabs at a price equal to cost plus 1 %, Duferco and Arcelor will be put at a competitive disadvantage in selling finished products manufactured from Carsid’s slabs.
Če temu dodamo še dejstvo, da bo družba Carsid prodajala svoje brame po ceni, ki je enaka stroški plus 1 %, bosta Duferco in Arcelor uvrščena v konkurenčno neugoden položaj pri prodaji končnih proizvodov, izdelanih iz teh bram.
A private investor considering taking an equity stake in Carsid would, as a consequence, be very concerned that the continuation of such an arrangement would lead either to a substantial reduction in the off-take of Duferco and Arcelor from Carsid, or to a re-negotiation of the transfer price.
Zasebni investitor, ki predvideva prevzem udeležbe v delnicah v družbi Carsid, bi se zaradi tega bal, da nadaljevanje takega položaja ne bi povzročilo bodisi pomembnega zmanjšanja nakupov združenj Duferco in Arcelor pri družbi Carsid bodisi ponovnega pogajanja o ceni prevoza.
This concern would lead a private investor to increase the risk premium factored into his decision to invest, such that he would require a higher-than-normal rate of return.
Ta bojazen bi zasebnega investitorja pripeljala do povišanja premije tveganja, ki je vključena v njegovo odločitev o investiranju, ter do zahteve po višji stopnji donosnosti od normalne.
In Corus’ view, there is little prospect of Carsid achieving a viable level of profit.
Corus meni, da ni veliko upanja, da bi družba Carsid dosegla raven trajnega dobička.
This was precisely the reason why Usinor announced publicly in February that the steel production in Charleroi had no future.
To je pravzaprav razlog, zaradi katerega je Usinor februarja javno objavil, da proizvodnja jekla na lokaciji Charleroi nima nobene prihodnosti.
Therefore, Sogepa’s investment could not be regarded as the act of a normal investor.
Zaradi tega se investiranje, ki ga je izvedla družba Sogepa, ne more šteti kot dejanje običajnega investitorja.
The other shareholders had other motivations — Usinor wished to exit Charleroi without re-negotiating the commitments it gave when purchasing Cockerill, and this operation provided a low or no-cost route to do so, while Duferco would probably more than recoup the losses incurred by relying on Carsid for slab supply to its Belgian operations through its profits on the trading of the end product.
Ostali delničarji imajo drugačne motive – Usinor želi zapustiti Charleroi brez ponovnih pogajanj o obveznostih, ki jih je sklenil ob nakupu družbe Cockerill, in ta operacija mu nudi možnost, da to stori z manjšimi stroški, ali celo brez stroškov; Duferco bo verjetno lahko izterjal več kot izgube, nastale s tem, da je družbi Carsid zaupal dobavo bram svojim belgijskim obratom, zahvaljujoč dobičkom, realiziranim s prodajo končnih proizvodov.
Duferco also saw this operation as a way to avoid the re-vamping of the Clabecq blast furnace, and to move the production to Charleroi, where it hoped to loose less money than at Clabecq.
Za Duferco ta operacija predstavlja sredstvo, s katerim se lahko izogne popravilu visoke peči v družbi Clabecq in prenese proizvodnjo v Charleroi, kjer lahko upa, da bo izgubil manj denarja kot na lokaciji Clabecq.
However, this would still not generate a profit.
Vendar ta operacija ne bo prinesla dobička.
Sogepa could therefore only be investing in order to preserve jobs.
Družba Sogepa torej investira le zato, da bi ohranila delovna mesta.
Secondly, Corus considers that the expected rate of return on the investment is insufficient to warrant it.
Drugič, Corus meni, da je donosnost, pričakovana od investiranja, ni tolikšna, da bi ga upravičila.
Corus calculated the net discounted value of the returns which Sogepa is likely to make on its investment.
Corus je izračunal neto aktualizirano vrednost donosnosti, ki bi jo družba Sogepa lahko realizirala s svojim investiranjem.
In Corus’ view, on the most optimistic assumptions, Sogepa may expect a return of 4,9 %.
Corus v najbolj optimističnih hipotezah meni, da družba Sogepa lahko pričakuje stopnjo notranje donosnosti (TRI) v višini največ 4,9 %.
This clearly was vastly below the rate a private sector investor would require.
Jasno se vidi, da je ta veliko nižja od stopnje, ki jo bi zahteval investitor iz zasebnega sektorja.
On almost any other assumptions, the return was negative.
Praktično v vseh ostalih hipotezah je donosnost negativna.
Thirdly, Corus believes that the value of the equipment contributed is greatly overStated.
Tretjič, Corus ocenjuje, da je vrednost vložene opreme pretirana.
For Cockerill, this transaction primarily allowed it to exit from the Charleroi site without paying closure costs.
Ta transakcija pravzaprav družbi Cockerill v glavnem omogoča, da zapusti lokacijo Charleroi brez plačila stroškov zapiranja.
Since the equipment could not be expected to generate any profit in the given context, its true value was zero.
Ker ni mogoče pričakovati, da bo oprema v tej situaciji prinesla kakršenkoli dobiček, je njena resnična vrednost nič.
In any event, if auctioned for sale, the equipment in question would not have generated more than scrap value.
V vsakem primeru rezultat od prodaje ne bi presegel vrednosti starega železa, če bi bila oprema, ki jo obravnavamo, prodana na javni dražbi.
It was Corus’ experience that, at the very best, this scrap value would cover the environmental costs associated with site clearance.
Izkušnje družbe Corus na tem področju so pokazale, da vrednost starega železa v najboljšem primeru pokrije stroške varovanja okolja, vezane na čiščenje zemljišča.
Fourthly, Corus considers that, even if the value of the equipment had been estimated correctly, Sogepa would have assumed a higher economic risk, compared to the private shareholders of Carsid, by being the only shareholder injecting fresh capital in a more than uncertain venture.
Četrtič, Corus ocenjuje, da bi družba Sogepa prevzela večje gospodarsko tveganje od tveganja zasebnih delničarjev družbe Carsid, četudi bi bila vrednost opreme pravilno ocenjena, ker je edini delničar, ki vlaga svež kapital v več kot negotov projekt.
Given that the investment by the two private shareholders of Carsid was in kind, either directly or by use of their contribution for the purchase of plant from companies in the group, Corus doubted that a private shareholder would be prepared to be alone in providing all the cash for the company's new needs.
Ker je doprinos dveh zasebnih delničarjev družbe Carsid doprinos v naravi, ali neposreden, ali pa zato, ker se njun prispevek uporabi za nakup tovarne družb združenja, Corus dvomi, da bi bil kakšen zasebni delničar pripravljen ostati edini za dobavo celotnih likvidnih sredstev, potrebnih za nove potrebe družbe.
Fifthly, Corus argues that, since the steel sector is characterised by structural over-capacity, State aid is presumed to be present where a public stake is acquired in a company operating in that sector.
Petič, Corus trdi, da zaradi dejstva, da je za jeklarski sektor značilna strukturalna presežna kapaciteta, obstaja domneva državne pomoči, ker gre za javno udeležbo v podjetju, ki deluje v tem sektorju.
Sixthly, according to Corus, the Carsid operation is feasible only because of the special pre-retirement programme for Charleroi and Clabecq.
Šestič, po mnenju družbe Corus bi bila operacija Carsid izvedljiva izključno zahvaljujoč posebnemu programu predčasnih upokojitev za Charleroi in Clabecq.
In Corus’ view, a derogation from the legal minimum age for pre-retirement (58 years) would require a discretionary administrative decision, in the absence of which all the workers based in Charleroi would have to be taken over by Carsid, or their employer would have to carry the full burden of their pre-retirement.
Po mnenju družbe Corus odstopanje od minimalne zakonske starosti za upokojitev (58 let), zahteva administrativno diskrecijsko odločitev, zaradi česar mora Carsid prevzeti vse delavce, ki delajo na lokaciji Charleroi, ali pa mora njihov delodajalec nositi celotne stroške njihovega predčasnega upokojevanja.
Corus therefore considers that the participation of the public authorities in the pre-retirement programme involves State aid.
Po mnenju družbe Corus udeležba državnih organov v programu predčasnega upokojevanja predstavlja državno pomoč.
Seventhly, Corus considers that the overall context does not justify Sogepa’s investment.
Sedmič, Corus ocenjuje, da splošni okvir ne opravičuje investiranja družbe Sogepa.
An historical analysis of previous support by Sogepa reinforced the view that no private investor would undertake any further investment.
Glede na pretekle izvedbe predhodno odobrenih intervencij s strani družbe Sogepa, ne bi noben zasebni investitor pristal na dodatno investiranje.
A private investor in the position of Sogepa would have severed all links with Duferco/Cockerill entities rather than investing fresh capital in Carsid.
Zasebni investitor, ki bi se znašel v položaju družbe Sogepa, bi prej pretrgal vse vezi z podjetji Duferco/Cockerill, kot pa investiral svež kapital v Carsid.
The United Kingdom
Združeno Kraljestvo
In the United Kingdom’s view, since the company, although independent, does not operate on the free market, it is unlikely that a private investor seeking a return on investment would have injected funds in Carsid under the conditions set for the stake.
Po mnenju Združenega kraljestva je zaradi dejstva, da družba ne izvaja dejavnosti na prostem trgu, čeprav je neodvisna, malo verjetno, da bi zasebni investitor, ki želi donosno investicijo, vložil sredstva v družbo Carsid pod pogoji, kakršni veljajo za udeležbo.
COMMENTS FROM BELGIUM
PRIPOMBE BELGIJE
The Belgian authorities begin by pointing out that the Walloon public authorities have, for decades, pursued a policy of investment in the steel industry in Wallonia and that, consequently, Sogepa cannot be considered to be an independent private investor since it has holdings in Duferco Clabecq, Duferco La Louvière and Arcelor.
Za začetek belgijski organi trdijo, da so valonski organi že desetletja vodili politiko investiranja v valonski jeklarski sektor, zaradi česar se družbe Sogepa ne more šteti za neodvisnega zasebnega investitorja, ker je udeležena s kapitalom v družbah Duferco Clabecq, Duferco La Louvière in Arcelor.
The Belgian authorities consider that Sogepa’s behaviour is that of a private holding company or of a private group of companies pursuing a sectoral policy and guided by longer-term profitability prospects, since it is carrying out its investment as a shareholder in an industrial project of two groups in which it has stakes (indirect profit) and whose profitability is assured (direct profit).
Menijo tudi, da je delovanje družbe Sogepa delovanje zasebnega holdinga ali zasebnega združenja podjetij, ki vodi sektorsko politiko in išče perspektive dolgoročne donosnosti, ker izvaja svoje investiranje tako v vlogi delničarja v industrijskem projektu obeh združenj, v katerih ima finančno udeležbo (posredni dobiček), in katerega donosnost je zagotovljena (neposredni dobiček).
As regards the equivalence of the risks incurred by Sogepa, the Belgian authorities consider that Sogepa is incurring a risk in line with its contribution.
V zvezi z enakovrednostjo tveganj, ki jim je izpostavljena družba Sogepa, belgijski organi menijo, da družba nosi tveganje s svojim finančnim vložkom.
All of Carsid’s shareholders, whether they contribute equipment or fresh cash, are incurring the same risk under Belgian law.
Vsi delničarji družbe Carsid, ki vlagajo opremo ali svež denar, so po belgijski zakonodaji podvrženi enakemu tveganju.
The Commission cannot oblige Sogepa to make a contribution in kind or the private partners to carry out a new capital increase in cash, notwithstanding the contributions they have already made amounting to EUR 60 million.
Komisija družbe Sogepa ne more prisiliti, da prispeva vložek v naravi, partnerjev-zasebnikov pa ne, da ponovno povečajo kapital z gotovino, kljub njihovim že realiziranim vložkom v višini 60 milijonov eurov.
As regards the value of the equipment contributed, the Belgian authorities consider that they were valued by independent expert assessments.
V zvezi z vrednostjo vložene opreme, belgijski organi smatrajo, da je bila oprema predmet neodvisnih strokovnih mnenj.
As regards more particularly the contribution of Cockerill Sambre, Article 444 of the Belgian Commercial Code requires the appointment of an auditor.
Še zlasti v primeru vložka družbe Cockerill Sambre člen 444 Zakona o belgijskih družbah zahteva imenovanje komisarja-revizorja.
As far as the value of the equipment purchased from Duferco Clabecq is concerned, apart from the fact that the value established in the expert assessment was accepted by Arcelor, a new continuous casting plant similar to that of Duferco Clabecq would currently cost EUR 60 million and its construction would take 18 to 24 months, whereas that of Duferco Clabecq can be transferred and set up in 12 months.
Kar zadeva vrednost opreme, kupljene v družbi Duferco Clabecq, poleg dejstva, da je Arcelor sprejel v strokovnem mnenju opredeljeno vrednost, bi novo postrojenje kontinuiranega vlivanja, podobno tistemu v družbi Duferco Clabecq, trenutno stalo 60 milijonov eurov, montaža pa bi trajala od 18 do 24 mesecev, medtem ko bi bila oprema v družbi Duferco Clabecq lahko dobavljena in montirana v 12 mesecih.