94/6/ECSC: Commission Decision of 21 December 1993 authorizing common financial arrangements in respect of individual programmes involving the closure of production capacity in the Community steel industry for heavy sections, hot-rolled wide coils and strip, and reversing-mill plate (Only the Spanish, Danish, German, English, French, Italian and Dutch texts are authentic)

• Articles: 7

Article 1

Authorization is hereby given for the financial arrangements designed to ensure joint financing by companies operating in each of three product categories for plant closures leading to capacity reductions of 2,5 million tonnes for heavy sections, 6 million tonnes for hot-rolled wide coils and strip, and 2 million tonnes for reversing-mill plate.

Article 2

Not later than three months from the date of notification of this Decision, each party opting for closure shall notify to the Commission, by means of the form set out in Annex II, its programme for the closure of production capacity for the relevant product. The Commission shall publish the essential particulars of the application. Unless the Commission informs the company concerned within two months of the date of publication in the Official Journal of the European Communities that there are doubts as to whether the programme complies with this Decision, the programme shall be deemed to have been authorized.

If, after that period has elapsed, the Commission finds that the programme concerned, as amended by the parties, fulfils the conditions laid down in this Decision, it may grant express authorization for the programme.

Article 3

The authorization shall be conditional on the companies refraining, under the financial arrangements, from establishing any agreement or concerted practice or making unilateral declarations concerning prices, rates of capacity utilization or the level of production remaining under the control of each of the parties following the closures, and on the parties refraining, for the duration of these arrangements, from participating in any concerted practice or agreement for exchanging information that could restrict competition without first informing the Commission.

Article 4

The authorization shall be conditional on the Confederation and the companies referred to in Article 6, including their parent companies and subsidiaries under their control, agreeing to any checks that the Commission may deem necessary for the proper application of the financial arrangements and capacity closure programmes, in accordance with Article 8 of Decision No 3010/91/ECSC.

Article 5

The Commission may withdraw the authorization granted for a capacity closure programme if it finds that the party opting for closure and the other parties to the financial arrangements have failed to comply with this Decision.

Article 6

This Decision is addressed to the European Confederation of the Iron and Steel Industry (Eurofer) and to the companies concerned according to the list set out in Annex I.

Done at Brussels, 21 December 1993.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ No L 286, 16. 10. 1991, p. 20.

Schedules & Appendices

ANNEX I

"" ID="1">British Steel plc 9 Albert Embankment London SE1 7SN> ID="2">×> ID="3">×> ID="4">×"> ID="1">Preussag Stahl AG Eisenhuettenstrasse 99 D-38223 Salzgitter> ID="2">×> ID="3">×> ID="4">×"> ID="1">Acciaierie e Ferriere lombarde Falck SpA Via Giorgio Enrico Falck, 63 I-20099 Sesto San Giovanni (Milano)> ID="2">×> ID="3">×"> ID="1">Thyssen Stahl AG Kaiser-Wilhelm-Strasse 100 D-47166 Duisburg> ID="2">×> ID="3">×"> ID="1">Arbed SA avenue de la Liberté 19 L-2930 Luxembourg> ID="2">×> ID="4">×"> ID="1">Cockerill-Sambre SA chaussée de la Hulpe 187-189 B-1170 Bruxelles> ID="2">×"> ID="1">Hoesch Hohenlimburg GmbH Langenkamstrasse 14, D-58103 Hagen> ID="2">×"> ID="1">Hoogovens NV Vondellaan 10 Beverwijk PB 10 000 NL-1970 CA IJmuiden> ID="2">×"> ID="1">Kloeckner Stahl GmbH Kloecknerstrasse 29 D-47057 Duisburg> ID="2">×"> ID="1">Krupp Hoesch Stahl AG Postfach 10 50 42 D-44120 Dortmund> ID="2">×"> ID="1">Eisen- und Stahlwalzwerke Roetzel GmbH Josefstrasse 82 D-41334 Nettetal> ID="2">×"> ID="1">Sollac SA Immeuble Élysées-La Défense 29, Le Parvis Cedex 34 F-92072 Paris-La Défense> ID="2">×"> ID="1">Det Danske Staalvalsevaerk A/S M. K. Stauholm-Pedersen Managing Director DK-3300 Frederiksvaerk> ID="3">×"> ID="1">AG der Dillinger Huettenwerke Postfach 1580 D-66748 Dillingen/Saar> ID="3">×"> ID="1">GTS Industries Immeuble Élysées-La Défense 29, Le Parvis Cedex 34 F-92072 Paris-La Défense> ID="3">×"> ID="1">Walzwerk Ilsenburg GmbH Veckenstedter Weg D-38871 Ilsenburg> ID="3">×"> ID="1">Aristrain SA Carretera Madrid-Irún s/n Apartado 8 Beasaín E-20212 Olaberria (Guipúzcoa)> ID="4">×">

ANNEX II

STATEMENT OF PERMANENT CLOSURE This form must be returned by any company that has decided to close down capacity within the framework of the financial arrangements introduced by Commission Decision 94/6/ECSC, and in particular Article 2. It must be sent in duplicate to each of the following addresses:

Commission of the European Communities

Directorate-General XVIII

Credit and Investments B.1

rue Alcide de Gasperi

L-2920 Luxembourg and Directorate-General IV

Competition D.1

avenue de Cortenberg 158

B-1049 Brussels

PRODUCT SECTOR 1. General information

1.1. Company and group

1.2. Works and identification number

1.3. Date of permanent closure of plant

1.4. Signature and company stamp

2. Detailed information on the plan

2.1. Reasons for closing down plant

2.2. Full and accurate description of the plant to be closed down

2.3. Approximate break-up value

2.4. Plans for closed plant (demolition, sale, etc.)

2.5. Planned date of closure (not after 31 December 1994)

2.6. Actual output of the plant in 1991, 1992 and 1993 (provisional figure)

2.7. Impact on maximum possible production of establishment

2.8. Job losses and consequences for the workforce

3. Financing of the closure

3.1. Amount to be received from other parties to offset the industrial cost of closure.

3.2. List of other parties contributing to the financing, with details of their contributions, and copies of the agreements granting the financing.

3.3. Indication of whether the parties are interested in ECSC prefinancing.

3.4. Formal statement that no consideration has been or will be received for the closure in the form of:

- State aid (Article 95 ECSC),

- remission of debts under rules and/or agreements applicable in prodcedures considering bankruptcy, court composition procedures, privatization, etc.,

- approval following closures offerd with a view to offsetting an increase in MPP related to investment.