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94/261/ECSC: Commission Decision of 12 April 1994… Article 2

Article 2

1. The following definitive closures of production capacity shall be carried out: "(thousand tonnes)"" ID="1">Hernani> ID="2">228> ID="3">125"> ID="1">Llodio> ID="2">277> ID="3">254"> ID="1">Total > ID="2">505> ID="3">379"> 2. All the capacity closures must be achieved in accordance with the timetable laid down in the restructuring plan at the latest. In addition, the stainless-steel plant at Larrondo must be sold to the private sector or closed by 30 June 1994. 3. The finality of the closures referred to in paragraph 1 shall be ensured either by the demolition of the installations concerned or by their disposal by sale outside Europe. 4. The beneficiary company shall not increase its remaining capacity for crude steel and hot-rolled finished products under the restructuring plan, other than resulting from productivity improvements, for a period of at least five years starting from the date of the last capacity closure under the plan or the date of the last payment of aid in respect of investments under the plan, whichever is the later.

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Other provisions in 94/261/ECSC: Commission Decision of 12 April 1994…

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 2 of 94/261/ECSC: Commission Decision of 12 April 1994… (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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