commiss decis juli state aid grant feder republ germani pittler torno werkzeugmaschinen gmbh notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite regard comment procedur letter date april germani notifi restructur pittler torno werkzeugmaschinen gmbh pittler torno commiss pursuant articl ec treati letter august commiss ask addit question answer letter date juli septemb inform provid octob letter date decemb commiss inform germani decis initi proceed articl ec treati initi proceed left open amount aid receiv pittler torno inform provid germani matter inconsist clear aid measur implement approv scheme addit aid grant futur commiss decis initi proceed publish offici journal european commun commiss invit interest parti submit comment aid commiss receiv comment interest parti forward germani respond letter date februari receiv februari letter decemb receiv januari receiv germani provid addit inform letter commiss ask inform exact amount aid grant germani repli letter juli receiv juli juli receiv dai ii detail descript aid descript pittler torno pittler torno activ field multi spindl lath produc high precis metal part industri motor vehicl manufactur pittler torno sme employe situat german land saxoni area characteris high unemploy elig region aid turnov dem million privatis august novemb local court amtsgericht leipzig initi gesamtvollstreckun insolv proceed pittler torno januari firm pittler torno werkzeugmaschinen found auffauggesellschaft negoti launch potenti investor plan draw restructur plan end march bv successor treuhand privatis agenc estim firm addit aid dem million connect waiv exist claim issu guarante dem million letter germani inform commiss potenti investor decid pittler torno firm appli insolv proceed initi descript restructur coher financi restructur plan submit privat investor found pittler torno germani restructur measur cost measur entail letter date juli germani submit list financi measur provid pittler torno chanc gt tabl gt market analysi pittler torno oper machin tool metalwork sector recess bottom hit manufactur eu hard shrink profit overcapac induc slump invest machin tool supplier eu suffer sever recess world war wake gener recoveri european economi order machin tool book european produc grew doubl digit rate dynam growth continu mid averag annual growth product estim assum basic econom condit remain favour demand machin tool expand medium term machin tool industri eu long import player world trade spite emerg competitor japanes asian nic fifteen member state eu successfulli maintain share intern trade global perspect eu import produc machin tool account product place japan ahead unit state eu largest singl market machin tool foreign manufactur market share face major trade barrier fifteen member state consist show signific trade surplu machin tool rest world size intern market export ratio consider reflect industri intern competit machin tool metalwork produc europ degre region concentr countri firm sector gener sme term averag product capac pittler torno small compar main competitor mechan engin firm motor vehicl industri manufactur electr applianc sector main custom case pittler torno includ volkswagen ford supplier motor vehicl industri iii comment interest parti letter decemb receiv decemb commiss comment initi proceed interest parti alfr schütte gmbh amp kg werkzeugmaschinenfabrik comment concentr main argument refer declin overcapac multi spindl lath market overindebted pittler torno obsolet technolog inabl surviv normal competit condit iv comment germani germani comment focu main argument firstli state begin parti show interest bui pittler torno produc offer product line similar complain compet contest parti assert multi spindl lath market suffer overcapac declin view multi spindl technolog high degre product substanti cost advantag difficulti refer parti result recess mechan engin sector experienc thirdli disput parti assert larg scale redund result loss pittler torno point firm cooper specif rtd programm main supplier compon aggreg technic univers dresden firm mannesmann fehland develop offic firm sandvik assess amount aid authoris question aris restructur measur list section ii constitut aid mean articl ec treati approv scheme dormant equiti hold dem million fund grant joint feder govern länder scheme dem million invest allow dem grant basi approv scheme authoris individu decis question aris guarante secur dem million loan sächsisch landesbank partli secur land guarante regard aid approv decis initi dem million loan grant sächsisch landesbank origin secur land guarante land charg transfer bv sächsisch landesbank plan increas loan dem million fact increas dem million secur ratio chang dem million secur land guarante scheme dm million land charg germani claim part loan dem million secur guarante grant basi approv scheme decis aid measur commiss specifi condit quot measur quot guarante land saxoni grant decis state guarante larg firm notifi individu guarante sme pittler torno time cover approv scheme condit state guarante grant basi coher restructur plan lead long term viabil point prospect success restructur proport risk guarante secur loan repaid period assum normal econom develop firm point condit met case pittler torno firm appli end insolv proceed gesamtvollstreckung initi privat investor found period loan guarante grant highli doubt firm long term viabil restor loan repaid illustr fact time loan guarante grant firm make heavi loss loss dem turnov dem loss dem turnov dem condit repay dem million loan dem million guarante uncertain risk guarante proport prospect success restructur guarante sme guarante regul land saxoni notifi guarante pittler torno total dem million cover approv scheme subject individu authoris context decis rest loan dem million secur land charg transfer bv sächsisch landesbank measur place approv scheme constitut aid assess decis secur loan sächsisch landesbank dem million constitut aid mean articl ec treati requir approv decis waiver land charg land saxoni dem million view dem million loan sächsisch landesbank state loan secur land guarante dem million land charg transfer bv sächsisch landesbank dem million reduc secur requir loan sächsisch landesbank increas possibl financi institut grant loan pittler torno result dem million loan grant sächsisch landesbank longer secur amount regard aid mean articl ec treati pittler torno classifi time firm difficulti doubt loan repaid decis examin compat ad hoc aid measur common market gt tabl gt aid derog aid bv land saxoni notifi restructur aid commiss derog provid articl ec treati regard quot aid facilit develop econom activ econom area aid affect trade condit extent contrari common interest quot predomin purpos aid case restructur firm difficulti aid consid compat common market criteria laid commun guidelin state aid rescu restructur firm difficulti met appli restructur guidelin problem appli newli establish firm rent asset firm respect liquid proceed initi except made case firm länder pittler torn transit plan market economi pose special problem typic low level equiti capit problem justifi classif firm firm quot difficulti quot special situat role bv restructur process aid firm firm respect liquid proceed initi case regard restructur aid case privat investor newli establish firm contribut substanti restructur case pittler torno investor found doubt aid grant pittler torno regard restructur aid mean commun guidelin doubt reinforc guidelin examin commiss approv aid basi guidelin relev restructur plan meet condit restructur plan restor viabil sine qua restructur plan restor long term viabil health firm reason time scale basi realist assumpt futur oper condit plan restor firm competit reason period fulfil long term viabil criterion plan consid capabl put compani posit cover cost includ depreci financi charg principl aid grant state financi restructur plan submit pittler torno restructur measur notif gener coher develop competit product quot renaiss quot multi spindl lath gener market condit improv firm deriv trade profit develop illustr fact firm made signific loss dem turnov dem dem turnov dem fact firm pittler torno found strateg investor show doubt long term viabil problem discuss investig launch confirm firm eventu insolv extrem poor perform pittler torno mention figur doubt period firm cover cost includ depreci financi charg pittler torno posit repai loan sächsisch landesbank partli secur land guarante stipul period financi situat requir state financ loan enabl repai past loan aid grant order fail busi afloat commiss conclud restructur plan insuffici restor firm long term viabil firm longer viabl restructur plan capabl put firm posit cover cost includ depreci financi charg condit guidelin met aid proport restructur cost benefit amount intens aid limit strict minimum need enabl restructur undertaken relat benefit anticip commun point view aid beneficiari expect make signific contribut restructur plan resourc financ privat investor contribut restructur firm insolv administr consid privat investor mean guidelin confirm germani notif role administr simpli continu oper privat investor found contribut made privat investor condit guidelin met vi conclus conclud coher restructur plan provid pittler torno long term viabil secur aid compar pure provision financ measur design insolv firm busi longer justifi condit guidelin met derog provid articl appli commiss find germani unlawfulli grant aid total dem million breach articl ec treati adopt decis articl state aid total eur dem million germani grant pittler torno werkzeugmaschinen gmbh incompat common market pursuant articl ec treati articl germani measur recov aid refer articl recipi recoveri effect accord rule procedur german law aid recov includ interest date dispos recipi date recoveri interest calcul basi refer rate calcul net grant equival region aid articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel juli commiss mario monti member commiss oj panorama eu industri nace panorama eu industri nace scheme regul grant assist consolid fund land saxoni restructur small medium size industri firm richtlini über die gewährung von mitteln au dem konsolidierungsfond de freistaat sachsen zur umstrukturierung kleiner und mittler unternehmen der gewerblichen wirtschaft gener plan joint feder govern länder scheme improv region econom structur rahmenplan gemeinschaftsaufgab zur verbesserung der regionalen wirtschaftsstruktur guarante regul land saxoni bürgschaftsrichtlini de freistaat sachsen für die wirtschaft freien beruf und die land und die forstwirtschaft footnot propos commiss germani rais object letter eb eb februari receiv februari criteria irrelev decis point condit proceed initi commisson express reserv grant guarante consist condit approv scheme guarante regul land saxoni assess grant guarante meet condit scheme overlap asses made decis aid basi guidelin state aid rescu restructur firm difficulti section condit approv partli relev context criteria quot plan restor firm competit reason period quot quot restructur plan consid capabl put compani posit cover cost includ depreci financi charg quot guidelin state aid rescu restructur firm difficulti oj point criteria analys detail met case pittler torno guarante grant point commun guidelin state aid rescu restructur firm difficulti commiss presum state aid involv quot fund provid guarante state enterpris financi difficulti quot sächsisch landesbank state own presumpt appli unsecur loan total dem million footnot definit financi result submit commiss view firm insolv success increas loan sächsisch landesbank aid measur suffici ground assum firm busi situat improv interim