natgillin/translations-raw huggingface dataset:
Kem One estimated available capacity in the PVC market in north-western Europe at […] kt and maximum production at […] kt (- [5-15] % for seasonal effects and maintenance).
Na koncu Francija poudarja, da je bila odločitev družbe Kem One za izstop iz ECVM popolnoma utemeljena z razlogi, ki se nanašajo na njeno upravljanje in stroške poslovanja, kar pa nikakor ne preprečuje družbi Kem One, da ne bi prostovoljno izvajala okoljske politike.
Operating rates for the S-PVC market therefore stood at [85-95] % of the realistic maximum and [80-90] % of operational capacity.
Omejitev pomoči na najmanjšo potrebno z lastnim prispevkom.
For paste PVC (E-PVC), the figures were almost identical: [85-95] % of the realistic maximum and [80-90] % of operational capacity.
Francija poudarja, da je zasebne prispevke ocenila na 356,3 milijona EUR, kar je 68,6 % vseh prispevkov.
The real figures showed that the situations of the S-PVC market and Kem One were better than described by Ineos in its comments.
Francija odgovarja na pomisleke zainteresiranih strani glede bančnega posojila v višini [55 – 65] EUR, odpis terjatev zasebnih partnerjev ter nujnosti projekta SAM.
Second, France took the view that the assertions by Ineos and anonymous undertaking 1 to the effect that Kem One's production sites suffered from overcapacity of 40 % were groundless.
Francija poudarja, da so pripombe tretjih strani glede bančnega posojila brezpredmetne, saj zneska ni vključila v lastni prispevek podjetja.
Even with a fall in production volumes at Kem One's plants in the 2011-2013 period due to technical incidents, the average utilisation rate of the S-PVC plants over five years was [70-80] %, according to France.
Tudi če se bančno posojilo ne upošteva, lastni prispevek družbe Kem One predstavlja več kot 50 % skupnih prispevkov za prestrukturiranje družbe.
So, contrary to what was argued by Ineos and anonymous undertaking 1, Kem One's difficulties were not linked to overly low production levels.
Francija želi opozoriti na to, da je Komisija v svojih preteklih sklepih že upoštevala odpis terjatev pri izračunu prispevka upravičenca.
The real reasons behind Kem One's filing for insolvency at the end of March 2013 were an accumulation of structural problems (high costs of raw materials, insufficiently competitive chlorine and caustic soda production plant at Lavéra) and cyclical difficulties (scheduled long-term shutdown and technical problem affecting ethylene supplies).
Tako kot družba Arkema Francija poleg tega ugotavlja, da je odpis terjatev pokazatelj zaupanja zasebnih partnerjev v nadaljevanje dejavnosti družbe.
To provide an effective response to these various handicaps, the restructuring plan included:
V vsakem primeru bi lastni prispevek ostal večji od 50 % stroškov prestrukturiranja, tudi če bi bil odpis zasebnih terjatev izključen iz njegovega izračuna.
major investment to convert the electrolysis facilities at Lavéra and carry out drilling at the Vauvert saltworks,
Družba Vestolit meni, da bodo zadevni ukrepi pomoči družbi Kem One omogočili ohraniti proizvodna sredstva, ki niso sposobna preživetja, medtem ko so morali njeni konkurenti posodobiti svoja sredstva z lastnimi prispevki.
renegotiation of Kem One's main contracts for the supply of key raw materials,
Francija pa navaja, da so številni konkurenti družbe Kem One že prejeli državno pomoč, ki jo je odobrila Komisija za izvajanje ukrepov za pretvorbo tehnologije, ki je podobna tehnologiji družbe Kem One.
internal restructuring accompanied by a performance and productivity plan, and
To je upravičeno, če upoštevamo, da zadevne naložbe v projekte za pretvorbo niso donosne.
a review of commercial policy.
Glede nasprotovanja anonimnega podjetja 1, ki pojasnjuje, da bo morala družba Kem One v vsakem primeru izvesti dela v okviru projekt AM v skladu z Direktivo 2010/75/EU Evropskega parlamenta in Sveta [18], Francija odgovarja, da se je naložba že začela in bo po pričakovanju zaključena pred koncem leta 2016, kar je eno leto pred rokom iz navedene direktive.
In the base-case scenario, the restructuring plan would allow Kem One to return to a level of gross margin of [25-35] % of turnover from 2017 and an EBITDA of [5-15] % from 2018, in line with average profitability in the commodity chemicals sector.
Poleg tega projekt SAM ne zadeva le enot živosrebrnih celic.
Moreover, the hypotheses in the restructuring plan and the business plan were based on relatively stable turnover figures (and not necessarily a significant increase in S-PVC sales) and production figures close to historic levels for the undertaking.
Zadeva tudi posodobitev enote elektroliznih celic z diafragmo v Lavéri, kar upravičuje njegovo pomembno vlogo v načrtu prestrukturiranja ter omogoča družbi, da ohrani ravnovesje med svojimi proizvodnimi zmogljivostmi, ki so višje v prodajni verigi (klor), in nižje v prodajni verigi (vinil), ter istočasno znatno zmanjša stroške.
In any event, FIDES data (S-PVC industry statistics) showed that Kem One's share of the S-PVC market in western Europe was [10-20] % in 2014, which was similar to its share in 2011 and 2012 and higher than in 2013 ([10-20] %).
OCENA UKREPOV POMOČI
In addition, Kem One had seen a rise in its sales and export margins to the Turkish market in the last six months, where it had opportunely picked up the market shares of North American producers owing to the significant fall in the euro against the dollar and the drop in oil prices.
Francija je priglasila tri naslednje ukrepe: (i) posojilo FDES (30 milijonov EUR), (ii) nepovratna sredstva (15 milijonov EUR) in vračljiva predplačila (80 milijonov EUR) ter (iii) možnost odpisa socialnih in davčnih terjatev (42 milijonov EUR, na koncu zmanjšane na […] EUR).
The French authorities also pointed out that the assertions by Ineos to the effect that Kem One had a poor reputation among consumers on the S-PVC market in north-western Europe contradicted the argument made elsewhere to justify the requirement for compensatory measures, namely: ‘Kem One is a significant player in the S-PVC market’.
OCENA PRISOTNOSTI POMOČI V SMISLU ČLENA 107(1) PDEU
France also took the view that the part of the restructuring plan involving the reorientation of Kem One's commercial policy towards markets other than S-PVC was based on prudent and realistic hypotheses and was merely a minor component of the plan compared with the industrial part.
Komisija mora preučiti, ali priglašeni ukrepi pomenijo državno pomoč v smislu člena 107(1) PDEU.
According to France, the undertaking was well aware that the biggest margins would be gained not from the commercial policy side but from the renegotiation of the contracts for access to raw materials and platforms, and from infrastructure modernisation.
V skladu s členom 107(1) PDEU je „vsaka pomoč, ki jo dodeli država članica, ali kakršna koli vrsta pomoči iz državnih sredstev, ki izkrivlja ali bi lahko izkrivljala konkurenco z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga, nezdružljiva z notranjim trgom, kolikor prizadene trgovino med državami članicami“.
Prevention of any excessive distortion of competition.
V skladu s to določbo opredelitev javnega ukrepa kot državne pomoči zahteva, da so izpolnjeni vsi naslednji pogoji: (i) zadevni ukrep daje gospodarsko prednost upravičencu, (ii) ta prednost izhaja iz države, (iii) prednost je selektivna in (iv) zadevni ukrep izkrivlja ali bi lahko izkrivljal konkurenco ter bi lahko prizadel trgovino med državami članicami.
France commented on the following points:
Prisotnost državnih virov in merilo pripisljivosti
the structural overcapacity in the S-PVC market,
Posojilo FDES se odobri z odlokom ministra za gospodarstvo in finance, za njegovo izvedbo pa je pristojen generalni direktor državne blagajne.
the size of Kem One's share of the S-PVC market,
Zakon o proračunu za leto 2014 je skladu FDES dodelilo proračun v višini 300 milijonov EUR.
the credibility of the counterfactual scenario, and
Primerno je pojasniti, da sklad FDES, ki je drugačna pravna osebnost kot država, ni mogoče šteti za sklad, za katerega velja obveznost finančnega ravnovesja med odplačili glavnice in njihovo uporabo za nove projekte.
the proposal of disproportionate compensatory measures by the third parties.
Posojila FDES se izvajajo prek posebnega računa državne blagajne in predstavljajo stroške tega računa.
While it could not be denied that there was structural overcapacity, its portrayal by Ineos, in France's view, needed to be significantly qualified in a number of respects.
Obresti posojil pa se vplačajo v splošni državni proračun.
First, producers' unused capacity generally ranged between 8 % and 10 % to take account of the irregular distribution of supply and demand.
Smernice za uporabo sklada FDES se dosledno opirajo na točko 28 okrožnice z dne 26. novembra 2004.
In addition, the market situation, as pointed out by the Commission in its decision in Ineos/Solvay/JV, varied considerably from one geographic area to another.
Odobritev posojil FDES je vedno predmet presoje od primera do primera.
In the S-PVC market, transport and logistics costs played a significant part in defining the regional limits of the geographic market.
Ne gre za samodejno odobritev na podlagi predhodno določenih meril.
Prices and margins varied across regions.
Določeno je, da se nepovratna sredstva in vračljiva predplačila odobrijo za program pomoči za ponovno industrializacijo v okviru sporazuma, sklenjenega z Bpifrance v imenu države.
France took the view that Kem One's positions in the main markets in which it operated were far weaker than those of Ineos and Solvay.
Odpisi davčnih in socialnih terjatev se določijo v okviru CCSF.
It pointed out in this connection that the Commission had found in its decision in Ineos/Solvay/JV that ‘Ineos [was] the largest supplier of commodity S-PVC in NWE with merchant market shares in 2012 of [30-40] %’ and ‘Solvay [was] the second largest player in the NWE market for commodity S-PVC’.
Temu odboru predseduje direktor oddelka za javne finance.
As for Kem One, the Commission had stated that ‘Kem One [was] currently the number five player by sales volume and number three by capacity in NWE ([5-10]* % and [10-20]* % market shares, respectively)’.
Posojilo FDES, nepovratna sredstva, vračljiva predplačila ter odpis davčnih in socialnih terjatev se torej odobrijo iz javnih virov in podelijo s sklepom države.
Moreover, Ineos and Solvay were the only two undertakings to concentrate their business so intensely on the north-western European market, unlike Kem One.
Selektivnost
Ineos and anonymous undertaking 1 had questioned the credibility of the counterfactual scenario proposed by the French authorities, according to which a reduction in Kem One's production capacity in the PVC market would result in a reduction in the competitive pressure on the other market players.
Zadevni ukrepi so izvedeni na ad hoc osnovi, in sicer izključno v korist družbe Kem One za njeno oživitev.
Contrary to what was argued by the interested third parties, France stressed that Ineos, Solvay and Kem One were currently the only market players with spare production capacity in north-western Europe.
Gospodarska prednost nastane takoj, ko se finančno stanje družbe izboljša zaradi posredovanja države.
France therefore took the view that imposing compensatory measures would not only threaten Kem One's return to viability but would also affect the structure of competition in the market, to the detriment of customers.
Vendar posredovanje javnega organa ne pomeni prednosti za upravičenca in zato ne pomeni državne pomoči, če je pomoč izvedena pod normalnimi tržnimi pogoji, tj. če je javni organ ravnal kot bi v enakih razmerah ravnal udeleženec v tržnem gospodarstvu.
France regarded the compensatory measures proposed by the interested third parties as disproportionate.
Vrednost zavarovanja.
First, they were incompatible with the proposed restructuring plan.
Po začetku postopka je Francija predložila Komisiji seznam sredstev prvega razreda, ki so vključena v zavarovanje s premoženjem Francije.
In France's view, for Kem One to remain in business and return to viability in the long term, a vertically integrated production chain had to be maintained, with, as at present, an economic balance between the capacity of the two upstream sites for chlorine and VCM on the one hand and the five downstream PVC production sites on the other.
Francija je Komisiji predložila poročilo o oceni tega premoženja, ki so ga pripravili neodvisni strokovnjaki.
Closing a site or reducing Kem One's capacity would threaten the industrial balance of its business.
To poročilo poudarja tri vrste pripomb.
By contrast, the French authorities confirmed that the commitment finally proposed to the effect that the nominal chlorine and caustic soda production capacity at Fos-sur-Mer and Lavéra would not be increased for […] constituted an appropriate compensatory measure.
Komisija najprej ugotavlja, da poročilo zajema oceno nepremičnin družbe Kem One in ne zastavljenih materialov in opreme.
This commitment had the advantage of keeping competition in the PVC market at the same intensity and ensuring that Kem One could return to viability, while also safeguarding the jobs that could be maintained under the restructuring plan.
Poleg tega je treba opozoriti, da so strokovnjaki ocenili vrednost premoženja na [110 – 120] milijonov EUR, kar je [20 – 30] milijonov EUR manj kot neto knjigovodska vrednost, ki jo je predložila Francija, kar potrjuje domnevo Komisije, da neto knjigovodska vrednost ne odraža dejanske vrednosti premoženja.
Lastly, France pointed out that Kem One's decision to withdraw from the ECVM was quite justified for reasons connected with its governance and operating costs, and this in no way prevented Kem One from conducting a pro-active environmental policy.
Če je podjetje v težavah in je primorano prodati svoja sredstva, se znajde v šibkem in nujnem položaju ter mora zato običajno prodati svoje premoženje po nižji ceni, kot je tržna.
Aid limited to the minimum (own contribution).
Francija se v svojem odgovoru sklicuje tudi na zneske transakcij, ki so bile opravljene leta 2014 v sektorju PVC.
France pointed out that it had valued the amount of private contributions at EUR 356,3 million, or 68,6 % of all contributions.
Ta vrsta primerjave seveda ni popolnoma brez vrednosti.
France responded to the objections raised by the interested third parties in respect of the bank loan of EUR [55-65], the debt write-off by private partners and the necessity of the SAM project.
Vendar niti družba Vestolit niti družba Vinnolit ni bila v težavah v trenutku njenega odkupa, kar pa ne velja za družbo Kem One.
France stressed that the comments by the third parties in respect of the bank loan were irrelevant, as it had not included the amount of the loan in the undertaking's own contribution.
Poleg tega so te transakcije zajemale celotno družbo, ne le opreme in materiala.
This loan was not one of the factors considered indispensable for financing the investments specific to the SAM project.
Ta primerjava v tem primeru ne velja.
Even without the bank loan, Kem One's own contribution represented more than 50 % of the total contributions to the restructuring.
Na koncu je Komisija Francijo zaprosila, da predloži oceno vrednosti zastavljenega premoženja v obliki neto prihodkov, ki bi jih ustvarila uporaba tega premoženja.
France wished to point out that the Commission had, in previous decisions, already included debt write-off in the calculation of own contribution by the beneficiary.
Vendar je Francija predložila oceno vrednosti družbe kot celote in ne samo zastavljenega premoženja.
Taking account of debt write-off was also provided for in the new Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty [17] (‘the new Guidelines’), which entered into force on 1 August 2014.
Poleg tega je Francija v prihodnjo vrednost podjetja v letih 2014, 2015 in 2016 vključila naložbe v pretvorbo prav tistih naprav za elektrolizo v Lavéri, ki bodo delno financirane s posojilom FDES.
France took the view that, by improving own funds (and thus freeing up liquidity that Kem One could then use for its restructuring), this measure had the same effect as a positive financial flow.
Skratka, Francija za določitev zneska zavarovanja s premoženjem posojila FDES upošteva vrednost premoženja, ki je bilo posodobljeno prav s tem posojilom.
Like Arkema, France remarked moreover that the debt write-off was an indicator of the confidence that the private partners had in the undertaking's continuing in business.
Te ocene zato ni mogoče sprejeti.
In any event, even if the private debt write-off were not included in the calculation of own contribution, the latter would still account for more than 50 % of the restructuring costs.
Tako v odgovoru na sklep o začetku postopka Francija ni predložila nobenega dokaza, ki bi odpravil pomisleke Komisije v zvezi z nekaterimi proizvodnimi sredstvi, ki jih je zastavila Francija, čeprav so stari, slabo delujoči in celo zastareli.
Vestolit took the view that the aid measures would allow Kem One to maintain non-viable assets, while its competitors had had to modernise their assets using their own resources.
Glede na te elemente je treba sprejeti konzervativen pristop in oceniti zavarovanje s premoženjem kot „šibko“ v smislu sporočila o referenčnih obrestnih merah iz leta 2008, da se določi raven plačila posojila FDES v skladu s tržnimi pogoji.
However, France pointed out that numerous competitors of Kem One had already benefited from State aid authorised by the Commission in order to carry out technological conversion measures similar to that put in place by Kem One.
Raven plačil.
This was justified in the light of the low returns on investment in conversion projects of this kind.
Komisija priznava, da stopnja plačil, izračunana z uporabo metodologije, ki temelji na podatkih družb Bloomberg in Capital IQ (rezultat te metodologije je 20,95 %), ne more odražati dejanskih tržnih obrestnih mer brez upoštevanja zavarovanja s premoženjem in jamstev.
In response to the comments by anonymous undertaking 1 to the effect that Kem One would be obliged in any event to carry out the work under the SAM project in order to comply with Directive 2010/75/EU of the European Parliament and of the Council [18], France stated that the investment was already committed and was expected to be carried out before the end of 2016, in other words a year before the date required by the Directive.
Poleg tega ni nobena banka odobrila posojila družbi Kem One pod enakimi pogoji kot država.
Moreover, the SAM project did not concern the mercury electrolysis unit(s) alone.
Zato lahko Komisija, kot je navedeno v točki 92 sklepa o začetku postopka, in ker ni na voljo zadovoljivih dejanskih tržnih podatkov, določi veljavno obrestno mero v skladu z obvestilom o referenčnih obrestnih merah iz leta 2008, in sicer: „Te [referenčne obrestne mere in diskontne stopnje] se uporabljajo kot kazalniki tržnih obrestnih mer in za izračun ekvivalenta nepovratnih sredstev pomoči“.
It also involved the modernisation of the diaphragm cell unit at Lavéra, which is why it was so central to the restructuring plan and why it allowed the undertaking to maintain a balance between its upstream (chlorine) and downstream (vinyl) production capacities, while at the same time considerably reducing costs.
Kot je bilo razloženo, se zavarovanje s premoženjem za posojilo FDES lahko obravnava kot močno, tako da se ne more upravičiti uporaba 400 baznih točk, kot trdi Francija.
ASSESSMENT OF THE AID MEASURES
Poleg tega Francija ni navedla nobenega novega elementa, ki bi dokazal, da ne gre zgolj za običajne obveznosti in kompenzacije v okviru prestrukturiranja, temveč za učinkovito izvajanje načrta sanacije in zavezanost družbe Kem One, da uporabi dobro finančno poslovodenje, ki upravičuje plačilo nižje obrestne mere, kot je tržna.
France notified the following three measures: (i) the FDES loan (EUR 30 million); (ii) a grant (EUR 15 million) and repayable advances (EUR 80 million); and (iii) the possible write-off of tax and social security debts (EUR 42 million, finally corrected to EUR […]).
Tudi primerjava s pogodbo o faktoringu [zasebnega subjekta 2] je brezpredmetna, ker dolžnik ni družba Kem One, ampak so dolžni njeni dolžniki.
ASSESSMENT OF THE PRESENCE OF AID WITHIN THE MEANING OF ARTICLE 107(1) TFEU
Ker ni elementov, da bi podvomili v obrestne mere iz sporočila o referenčnih obrestnih merah iz leta 2008, Komisija meni, da se obrestna mera lahko izračuna na podlagi tržne obrestne mere ter znaša 10,53 % (0,53 % za referenčno obrestno mero Francije v času odobritve posojila + 1000 baznih točk).
The Commission must ascertain whether the notified measures could constitute State aid within the meaning of Article 107(1) TFEU.
Znesek podpore.
Article 107(1) TFEU lays down that ‘any aid granted by a Member State or through state resources in any form whatsoever, which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Member States, be incompatible with the internal market’.
V skladu s preteklo prakso Komisija meni, da znesek pomoči ustreza razliki med obrestno mero, izračunano na podlagi sporočila o referenčnih obrestnih merah iz leta 2008 (10,53 %), in obrestno mero, ki jo uporablja Francija (3,5 %).
This means that a public measure can be classed as State aid if all of the following tests are met: (i) the measure must confer an economic advantage on the beneficiary; (ii) the advantage must be imputable to the state; (iii) the advantage must be selective; and (iv) the measure must distort or threaten to distort competition and be likely to affect trade between Member States.
Za vsak plačilni rok (vsako leto) se izračuna razlika med prihodki od efektivnih obresti na kapital (3,5 %), ki ga je še treba plačati, in prihodki od obresti na kapital (10,53 %), ki ga Komisija uporablja za preostanek kapitala.
Involvement of State resources and imputability to the State
Tako pridobljeni zneski (skupaj sedem zneskov za sedemletno obdobje odplačila posojila) so bili nato diskontirani in sešteti, njihova vsota pa je […] EUR.
The FDES loan was granted by order of the Minister for Economic and Financial Affairs and its implementation was entrusted to the Director-General of the Treasury.
Nepovratna sredstva.
The Budget Act 2014 awarded the FDES a budget of EUR 300 million.
Komisija meni, da nepovratna sredstva predstavljajo gospodarsko prednost, ki je prejemnik ne bi pridobil pod tržnimi pogoji.
It should be noted that the FDES has its own legal personality independently of the state and cannot be compared to a fund managed subject to an obligation to balance capital reimbursements and their use for new projects.
Torej ni mogoče, da bi zasebni posojilodajalec, ki nosi stroške financiranja in mora plačati svoj kapital, financiral neko podjetje z nepovratnimi sredstvi.
FDES loans are made through a specific Treasury account and constitute expenditure on that account.
Zato je znesek pomoči enak celotnemu znesku odobrenih nepovratnih sredstev v višini 15 milijonov EUR.
The guidelines for using the FDES are still based on the circular of 26 November 2004 referred to in recital 28.
Komisija ugotavlja prisotnost nekaterih pogojev v zvezi z njeno odobritvijo, ki jih zasebni posojilodajalec verjetno ne bi zahteval.
FDES loans are always subject to a case-by-case assessment.
Gre zlasti za pogoj, da se ohranijo dejavnost in delovna mesta na lokaciji v Lavéri pet let po zaključku projekta, razen če zaradi vzdržnosti družbe Kem One ni utemeljeno drugače in po predhodnem soglasju države.
They are not awarded automatically in accordance with pre-established criteria.
Vendar obveznost vračila potrjuje, da se ta predplačila za namene tega sklepa lahko štejejo za posojilo.
The grant and repayable advances are to be provided under the ‘Support for re-industrialisation’ mechanism, as part of an agreement concluded with Bpifrance on behalf of the state.
Poleg tega predplačila niso zavarovana z nobenim zavarovanjem s premoženjem.