natgillin/translations-raw huggingface dataset:
Ineos takes the view that compensatory measures are possible and that they would help to create a viable production chain.
Francija je trdila, da bi se moral sproščen in prenesen znesek jamstva Seveso postopoma podeliti za obnovitev finančnega jamstva Seveso s strani družbe Kem One.
In that regard, Ineos takes the view that Kem One should adopt a restructuring plan involving:
Finančna jamstva so intuitu personae, tako da v primeru spremembe subjekta na neki lokaciji francoski okoljski zakonik zahteva, da novi subjekt predloži izjavo pristojnemu prefektu v roku enega meseca.
closure of its Lavéra electrolysis cell rooms,
Komisija bi morala Francijo zaprositi in od nje pridobiti potrditev, da se bo ta preneseni znesek dejansko uporabil za obnovitev jamstva Seveso ter da odloženo plačilo jamstva ne pomeni ugodnejše finančne obravnave družbe Kem One s strani prefekta, kar bi lahko pomenilo državno pomoč.
closure of the PVC production plants that can no longer receive adequate supplies of VCM from the Fos-sur-Mer site, i.e. Saint-Fons and Balan.
Poleg tega je po mnenju anonimnega podjetja 1 znano dejstvo, da verjetno obstajajo popusti, ki jih družba EDF v svojih novih pogodbah za električno energijo zagotavlja družbi Kem One.
In the opinion of Ineos, such a capacity reduction by Kem One would mitigate the distortive effects of the aid in the market, rationalise Kem One's activities on a more competitive basis, and make good the withdrawal from structurally loss-making activities (in particular on the Lavéra site).
Če bi bilo to res, ni nobenega dvoma, da je to preferencialno obravnavo mogoče pripisati francoski državi, saj nadzoruje upravni odbor družbe EDF in je v lasti več kot dveh tretjin njenega kapitala.
This solution would resolve the problem of Kem One's overcapacity and obviate the need for the French state to contribute to the conversion of the Lavéra site through substantial investments.
Anonimno podjetje 1 izraža tudi dvom glede omejitve pomoči na najmanjšo potrebno, zlasti glede naložbenega projekta SAM.
Comments by anonymous undertaking 1
Znesek 95 milijonov EUR v obliki neposrednih nepovratnih sredstev in vračljivih predplačil se namreč uporablja za financiranje naložbe, ki jo mora družba izvesti v vsakem primeru v skladu z veljavno zakonodajo.
Justification for State aid
Pomoč za projekt pretvorbe lahko izgubi svoj spodbujevalni učinek za družbo Kem One, saj bi družba delovala zgolj v skladu s svojimi pravnimi obveznostmi.
First, anonymous undertaking 1 emphasises the fact that the PVC sector is in crisis and the major players are subject to substantial economic and financial pressure.
Obstajajo tudi resni dvomi o tem, ali je projekt SAM dejansko nujna naložba za obnovitev sposobnosti preživetja družbe Kem One.
European operators must agree to substantial investments under the regulatory framework in a context marked since 2007 by a fall in margins, a reduction in European demand for PVC, falling prices, high energy costs, overcapacity problems and, lastly, the poor economic situation of the construction sector.
Lastna sredstva družbe Kem One so večinoma sestavljena iz odpisa dolgov s strani zasebnih upnikov.
Against this background, it is important to maintain a level playing field.
Na tej podlagi lastni prispevek družbe Kem One ne bi dosegel niti polovice zneska pomoči, ki ga je izračunala Francija, saj bi bil ta znesek, kot je bilo že pojasnjeno, precej nižji kot dejanski znesek pomoči, ki ga je treba upoštevati.
Aid to Kem One is considered a potential source of serious market distortion.
Poleg tega odpisov zasebnih dolgov ni mogoče obravnavati kot lastni prispevek, saj odpisi družbi Kem One ne zagotovijo dodatnih sredstev za kritje stroškov prestrukturiranja.
Anonymous undertaking 1 does not agree with that point of view.
Anonimno podjetje 1 je že poudarilo hipotetičnost tega posojila.
It points out that the Commission, in its Ineos/Solvay/JV decision, did not conclude that the market was characterised by such a situation.
Anonimno podjetje 1 poudarja potrebo po izravnalnih ukrepih za nevtraliziranje učinkov pomoči.
At the time, the Commission referred to the fact that S-PVC was currently produced or imported by 11 companies.
Ne strinja se s stališčem Francije, po katerem bi izravnalni ukrepi ogrozili sposobnost preživetja družbe Kem One, učinki pomoči na konkurenčno strukturo pa bi bili omejeni, če ne celo ugodni za konkurenco na trgu.
Moreover, anonymous undertaking 1 notes that granting aid to the third-largest player in the sector would only delay the necessary market adjustments and improvements and exacerbate the financial difficulties of the other operators.
Anonimno podjetje 1 zlasti poudarja točko 40 smernic iz leta 2004, ki določa, da so izravnalni ukrepi zlasti potrebni na trgih, na katerih bo upravičeno podjetje po prestrukturiranju imelo pomemben položaj.
According to anonymous undertaking 1, it is even possible to argue that no aid may be granted, under point 8 of the 2004 Guidelines, because the market is suffering from structural overcapacity.
Vendar anonimno podjetje 1 ocenjuje, da gre za tržni delež 20 % družbe Kem One na trgu severozahodne Evrope za S-PVC.
Anonymous undertaking 1 also raises doubts about Kem One's prospects of returning to profitability.
Anonimna podjetje 1 se ne strinja s stališčem Francije, po katerem so zadevni ukrepi potrebni tudi za ohranitev konkurenčne strukture na trgu.
It notes that the Commission, in its Ineos/Solvay/JV decision, had already established Kem One's inability to return to economic viability, even after its acquisition by Klesch.
Zaradi izvajanja korektivnih ukrepov iz sklepa Ineos/Solvay/JV se bodo na trgu pojavili novi akterji, ne glede na položaj družbe Kem One.
The measures in the restructuring plan as announced in the opening decision lack detail, in particular with regard to Kem One's new commercial strategy, the conversion of the electrolysis units and the credibility of the firm's future contracts.
Poleg tega ni dokazano, da je ohranjanje proizvodnih zmogljivosti družbe Kem One predpogoj za njeno gospodarsko sanacijo.
Furthermore, it seems likely that the restructuring period will exceed five years — the duration judged acceptable by the Commission in its previous decisions.
Zadevni ukrepi lahko še poslabšajo problem presežnih zmogljivosti na trgu.
Moreover, the timing of the investments required to modernise the electrolysis plants is uncertain (2016 or 2017).
Kar zadeva možne izravnalne ukrepe, anonimno podjetje 1 izpostavlja več predlogov:
The European rules require European operators to convert from mercury technology by the end of 2017.
zmanjšanje zmogljivosti družbe Kem One za 200 do 300 tisoč kiloton.
If France allowed Kem One to delay the necessary investments, it would be preferential treatment that could constitute a financial advantage and therefore a form of State aid.
Če bi to zmanjšanje zadevalo obrat v Lavéri, bi to pomenilo ustrezno zmanjšanje zmogljivosti za CVM tega obrata,
Lastly, implementing restructuring measures depends on external factors that are outside the firm's control.
zmanjšanje proizvodnje družbe Kem One (če ukrepi državne pomoči podjetju omogočajo umetno ohranitev proizvodnje na zanemarljivi ravni),
That is the case in particular with the bank loan of EUR 60 to 70 million in 2016.
drugi ukrepi: prodaja manjšinskega deleža; prekinitev nekaterih dogovorov o sodelovanju: zaveza, da se proizvodnja družbe Kem One ne bo diverzificirala za določen čas; razdelitev plačila pomoči za prestrukturiranje na več obrokov, glede na učinkovito izvajanje ukrepov, določenih z natančno določenim časovnim okvirom.
Amount of State aid
Pripombe družbe Arkema
With regard to the amount of aid, anonymous undertaking 1 stresses the fact that it is much higher than the amount granted by France.
Družba Arkema ugotavlja v zvezi s točko 13 sklepa o začetku postopka, da je bila vinilna dejavnost družbe Arkema prenesena na dve hčerinski družbi ob prenosu na skupino Klesch.
Certain measures may be considered State aid in their entirety, such as the direct grant of EUR 15 million and the repayable advances of EUR 80 million for the modernisation of production plant.
Ob prenosu je bila opravljena prva prilagoditev stroškov obeh prenesenih subjektov.
A private investor would not, under any circumstances, have made his decision conditional on the maintenance of activity and staff at the Lavéra site.
Družba Arkema navaja, da je med leti 2005 in 2010 izvedla načrt prestrukturiranja svoje „vinilne proizvodnje“.
Moreover, the purely hypothetical nature of the private bank loan is not enough to demonstrate the willingness of a private investor to grant a loan on the same terms.
Opozarja, da so izredni dogodki, kot so gospodarska recesija v drugi polovici leta 2012 ali motena oskrba etilena zaradi izrednega dogodka v obratu v Lavéri, razlog za finančne težave, s katerimi se je soočala družba Kem One leta 2013.
With regard to the FDES loan of EUR 30 million, in the absence of a detailed list of the assets and equipment constituting the collateral, and of an evaluation of their market value, it is impossible to conclude that the level of collateral is ‘high’.
V zvezi s točko 14 sklepa o začetku postopka družba Arkema ugotavlja, da so bile storitvene in izvedbene pogodbe med družbo Arkema in družbo Kem One uveljavljene na zahtevo družbe Kem One, da bi slednja lahko še naprej poslovala normalno po prenosu na hčerinsko družbo.
According to anonymous undertaking 1, the level may at most be regarded as normal, in which case, in accordance with the 2008 Reference Rate Communication, the base rate of 0,53 % would have to be increased by at least 6,00 %.
V točki 126 sklepa o začetku postopka je Komisija navedla, da se odpis terjatev zasebnih partnerjev ne sme upoštevati kot zasebni vir.
This would considerably increase the amount considered to be aid in the FDES loan.
V zvezi s tem družba Arkema pojasnjuje, da je poleg svojega odpisa terjatev prispevala tudi konsolidiran vložek v višini 40,5 milijona EUR, kar pomeni dejanski finančni tok, in izraža zaupanje v izvedljivost načrta sanacije družbe Kem One.
Lastly, anonymous undertaking 1 cites the write-off of tax debts and social security contributions of EUR […].
Po mnenju družbe Arkema ni razloga, da bi odpis dolgov obravnavati drugače.
According to anonymous undertaking 1, these debt write-offs by the state authorities may be likened to the write-offs agreed to by the private creditors only to the extent that they do not exceed the average of such write-offs.
Namen odpisa terjatev v višini 95,6 milijona EUR, s katerim se je strinjala družba Arkema, je bi prispevati k takšni strukturi bilance družbe Kem One, ki bi ob pravem trenutku družbi omogočila pridobiti potrebna posojila pod sprejemljivimi pogoji.
Since the average write-off was 70 %, the EUR […] that exceed the average should be considered State aid.
Družba Arkema opozarja, da je prevzela del tveganja v zvezi z nadaljevanjem dejavnosti družbe Kem One.
Moreover, anonymous undertaking 1 highlights the fact that the deferred payment of the Seveso guarantee may also be potential aid.
Družba Arkema se na primer odločila, da ohrani dobavo proizvodov in stranskih proizvodov družbe Kem One, čeprav bi slednje lahko pridobila od drugih dobaviteljev.
An intra-group transfer of EUR 10-19 million was made to Kem One by the Klesch Group for the purposes of the Seveso guarantee.
Pripombe družbe Vestolit
France has confirmed that the amount paid and transferred from the Seveso guarantee would have to be gradually allocated to the reconstitution of the Seveso financial guarantee by Kem One.
Družba Vestolit meni, da bodo ukrepi, ki jih je francoska država odobrila družbi Kem One, negativno vplivali na konkurenčne razmere na evropskem trgu za PVC.
The financial guarantees are intuitu personae, so that in the event of a change in site operator, the French Environmental Code requires the new operator to make a statement to the relevant Prefect within one month.
Komisijo opozarja na dejstvo, da na trgu obstajajo presežne zmogljivosti, in da več neodvisnih študij napoveduje stagniranje povpraševanja.
The Commission should seek confirmation from France that the amount transferred will be actually used to reconstitute the Seveso guarantee and that the delayed payment of the guarantee does not constitute preferential financial treatment granted to Kem One by the Prefect, which potentially implies State aid.
Ti ukrepi bodo škodovali zlasti podjetjem, ki so sama posodobila svoja sredstva (iz lastnih virov).
Moreover, according to anonymous undertaking 1, the existence of possible reductions granted by EDF to Kem One on its new electricity contracts is a fact of which the market is aware.
Državna pomoč bo namreč družbi Kem One omogočila ohraniti sredstva, ki gospodarsko niso sposobna preživeti in so zastarela.
If this point were to be proven, there would then be no doubt about the fact that this preferential treatment is imputable to the French state, since it controls EDF's board of directors and holds more than two thirds of its capital.
Na koncu družba Vestolit poudarja, da družba Kem One na trgu ne bi mogla pridobiti posojila pod enakimi pogoji.
Anonymous undertaking 1 also expresses doubts about the limitation of the aid to the strict minimum, in particular for the SAM investment project.
Zato poziva Komisijo, naj razmisli o možnosti uvedbe izravnalnih ukrepov.
The EUR 95 million awarded in the form of a direct grant and repayable advances serve to finance an investment that the undertaking is required in any case to undertake in accordance with current legislation.
Pripombe Evropskega sveta proizvajalcev vinila (ECVM)
The aid for this conversion project may possibly no longer have any incentive effects for Kem One because the company would only be acting in accordance with its legal obligations.
Svet evropskih proizvajalcev vinila (ECVM) zastopa interese evropskih proizvajalcev plastične mase PVC.
There are therefore serious doubts about whether the SAM project is actually an investment essential for restoring Kem One's viability.
Pet članov sveta predstavlja približno 70 % PVC, proizvedenega v Uniji in na Norveškem.
The bulk of Kem One's own resources is constituted by the debt write-offs by its private creditors.
ECVM je ustanovni član programa VinylPlus, tj. prostovoljne zaveze glede trajnostnega razvoja, ki se je začela izvajati leta 2011 za obdobje desetih let.
On that basis, Kem One's own contribution does not even reach half of the amount of aid calculated by France, an amount which, as has already been explained, is much lower than the actual amount of aid that has to be taken into account.
Družba Kem One je leta 2012 sprejela enostransko odločitev, da zapusti ECVM in s tem preneha prispevati k programu VinylPlus.
Moreover, the private debt write-offs cannot be considered an own contribution because they do not provide any additional resources to Kem One to cover the costs of its restructuring.
ECVM meni, da ima družba Kem One koristi od prizadevanj in finančnih prispevkov drugih proizvajalcev PVC, ki so udeleženi v programu VinylPlus, pri tem pa ne deli finančnega bremena.
The other block constituting Kem One's own contribution is represented by the bank loan of EUR 60 to 70 million.
To pomeni nepošteno konkurenčno prednost za podjetje, ki je poleg tega prejemnik državne pomoči.
However, anonymous undertaking 1 has already stressed the hypothetical nature of this loan.
Zato ECVM zahteva, da se uvede izravnalni ukrep, in sicer obvezni prispevek družbe Kem One za program VinylPlus.
Lastly, anonymous undertaking 1 stresses the need for compensatory measures to neutralise the consequences of the aid.
Pripombe anonimnega podjetja 2
It does not agree with the position of France that the compensatory measures would jeopardise Kem One's viability and the effects of the aid on the competitive structure would be limited, or even beneficial, for competition in the market.
Komisija najprej ugotavlja, da so bile pripombe anonimnega podjetja 2 poslane po izteku roka za prejem pripomb tretjih oseb.
Anonymous undertaking 1 stresses in particular point 40 of the 2004 Guidelines, which states that compensatory measures should take place in particular in markets where the firm will have a significant market position after restructuring.
Anonimno podjetje 2 najprej trdi, da bi zadevni ukrepi družbi Kem One dajali znatno konkurenčno prednost.
Anonymous undertaking 1 estimates Kem One's market share in the S-PVC market in north-western Europe at 20 %.
Meni namreč, da pretvorba tehnologije živosrebrnih celic v trenutnem stanju trga po mnenju njenih konkurentov ni cenovno učinkovita.
Anonymous undertaking 1 disagrees with the position of France that the measures in question are also necessary to maintain a competitive structure in the market.
Zato lahko samo tista podjetja, ki prejemajo državno pomoč, izvedejo takšne naložbe.
Following the implementation of the corrective measures provided for in the Ineos/Solvay/JV decision, the market will see the emergence of new players, whatever the situation of Kem One.
To je razumljivo, če razlika med stroški proizvodnje etilen diklorida (EDC) s kloriranjem in stroški nakupa EDC ni tako velika, da bi upravičila veliko naložbo za proizvodnjo klora za kloriranje.
Moreover, there is no evidence that the fact of maintaining Kem One's production capacities constitutes an essential condition for its economic recovery.
Kljub temu je neposredna proizvodnja EDC cenejša, tako da bo družba Kem One zaradi državne pomoči imela precejšnje prednosti v primerjavi s konkurenti.
The measures in question risk exacerbating the problem of overcapacity in the market.
Anonimno podjetje 2 poleg tega poudarja, da je za trg značilna močna presežna ponudba in jo ocenjuje na 1 milijon ton letno.
With regard to possible compensatory measures, anonymous undertaking 1 puts forward a number of proposals:
V zvezi s tem so ponovne naložbe zelo vprašljive, tudi zaradi povpraševanja, ki bo po napovedih stagniral ali celo upadel.
reduce Kem One's capacity by 200 to 300 kilotonnes.
Anonimno podjetje 2 se ne strinja s Francijo glede hipotetičnega scenarija, če pomoč ne bi bila podeljena.
If this reduction were to affect the Lavéra site, that would require a corresponding reduction in the site's VCM capacity,
Opozarja, da zaradi trgovinske politike družbe Kem One, ki je v veliki meri usmerjena v južno Evropo, ni nevarnosti, da bi propad te družbe pomembno vplival na razpoložljive zmogljivosti v škodo potrošnikov S-PVC v severni Evropi.
reduce Kem One's production (if the State aid measures enable the company to artificially maintain a certain level of marginal production),
Anonimno podjetje 2 meni, da tudi če družba Kem One ne bi opravila pretvorbe svoje tehnologije živosrebrnih celic, bi lahko še vedno dobavljala svojim strankam iz že pretvorjenega obrata.
other measures: sell a minority shareholding, terminate certain cooperation agreements, undertake not to diversify Kem One's production during a limited period of time, divide the payment of the restructuring aid into a number of instalments conditional on the effective implementation of the planned measures to a detailed timetable.
Poleg tega bi konkurenti družbe Kem One, zaradi presežne ponudbe na trgu, z lahkoto oskrbovali stranke podjetja Kem One, če bi prišlo do zmanjšanja njegove prisotnosti na trgu.
Comments by Arkema
Anonimno podjetje 2 predlaga, da se kot izravnalni ukrep zmanjša zmogljivost ali udeležba na trgu družbe Kem One.
In relation to recital 13 of the opening decision, Arkema points out that its vinyl business was transferred to two subsidiaries when the company was sold to the Klesch Group.
Glede izvedljivosti načrta prestrukturiranja anonimno podjetje 2 na koncu meni, da zaradi že omenjene presežne ponudbe in stagnacije povpraševanja ni mogoče postopno povečati cene PVC, kot je predvideno v točki 52 sklepa o začetku postopka.
At the time of the transfer, an initial adjustment was made to the structural costs of the two units sold.
PRIPOMBE FRANCIJE
Arkema states that between 2005 and 2010 it implemented a restructuring plan in its vinyl division.
Z dopisom z dne 25. februarja 2015 je Francija odgovorila na pripombe zainteresiranih tretjih strani.
Arkema points out that exceptional events, such as the reversal in the economic situation in the second half of 2012 and the interruption of ethylene supplies because of an incident at the Lavéra site, explain the financial difficulties encountered by Kem One in 2013.
Francija najprej podaja nekatere splošne ugotovitve glede pripomb družbe Ineos in anonimnega podjetja 1.
With regard to recital 14 of the opening decision, Arkema points out that the services and performance contracts between Arkema and Kem One were concluded at the request of Kem One to enable it to continue its activities as usual once the transfer of the business to a subsidiary had been completed.
Poudarja, da sklep o začetku postopka vsebuje napačna dejstva ter neutemeljene trditve, npr. domnevne odobrene popuste (discounts) ali prikrito državno pomoč.
In recital 126 of the opening decision, the Commission notes that the debt write-offs by the private partners must not be taken into account in the private contributions.
Francija je presenečena, da se pripombe teh dveh podjetij v okviru tega postopka znatno razlikujejo od tistih, ki sta jih predložili družbi Ineos in Solvay v odgovoru na obvestilo o nasprotovanju v zadevi Ineos/Solvay/JV.
In this regard, Arkema points out that, at the same time as its debt write-off, it provided a consolidated contribution of EUR 40,5 million, which did constitute a genuine financial flow and expressed its confidence in the viability of Kem One's recovery plan.
Ti dve družbi sta v odgovoru trdili, da „despite [its financial difficulties], Kem One was a strong competitor in the market“ („je bila družba Kem One ne glede na [njene finančne težave] močan konkurent na trgu“), in dodali, da „Kem One's production problems have been resolved“ („so bile težave v proizvodnji družbe Kem One odpravljene“).
According to Arkema, there is no reason to consider the debt write-off differently.
Francoski organi na koncu opozarjajo, da sta bili družbi Ineos in Solvay zavezani odprodaji proizvodnih enot za PVC, ki so bile vertikalno integrirane in so vključevale proizvodnja sredstva v Belgiji, Nemčiji, Franciji, na Nizozemskem in v Združenem kraljestvu (v nadaljnjem besedilu: Newco).
The purpose of the write-off of EUR 95,6 million to which Arkema agreed was to assist in providing Kem One with a balance-sheet structure enabling it to contract the necessary loans on acceptable terms, when the time was right.
Ta sklop sredstev se šteje za samostojno celoto, ki je sposobna preživetja in lahko izvaja konkurenčni pritisk, primerljiv s tistim, ki ga je družba Solvay izvajala na družbo Ineos pred združitvijo.
Arkema recalls that it is a stakeholder in part of the risks involved in Kem One continuing its activity.
Pozitivni elementi presoje, izraženi v sklepu Ineos/Solvay/JV, v zvezi s tem sklopom sredstev se morda zdijo v nasprotju s pomisleki, ki sta jih izrazila družba Ineos in anonimno podjetje 1 glede ponovne sposobnosti preživetja družbe Kem One.
For example, Arkema has chosen to maintain its flow of supplies of products and by-products with Kem One, whereas they could have been reallocated to other suppliers.
Dejansko bi morala oba subjekta (Newco in družba Kem One) imeti primerljiv promet, čeprav je dejavnost Newco osredotočena samo na S-PVC in kavstično sodo, za katere je stopnja dobička nižja od stopenj dobička drugih derivatrov portfelja družbe Kem One.
Comments by Vestolit
Ti elementi so v nasprotju s pripombami družbe Ineos, da glede na sedanje tržne razmere, za katere sta značilna visoka raven presežnih zmogljivosti in nizko povpraševanje strank, načrt za prestrukturiranje družbe Kem One ne more predvideti povratka k sposobnosti preživetja.
Vestolit considers that the measures granted to Kem One by the French state will have an adverse impact on the competitive situation of the PVC market in Europe.
Skratka, Francija meni, da so ugotovitve družbe Ineos in anonimnega podjetja 1 pristranske, polne napačnih dejstev, temeljijo pa na oportunističnih težnjah.