The Commission has approved the granting of regional investment aids in favour of an investment project in the ECSC steel undertaking Metall - Rohstoffe Thüringen GmbH, Erfurt/Thüringen, which will add to the company's capacity in disposal and recycling of steel scrap and scrap metals but will not have any impact on steel making capacity in the new Länder. The aids, which have been notified by the German authorities and evaluated by the Commission as to their compatibility with the provisions of the Steel Aids Code, will be granted under general regional investment aid schemes available in the new German Bundesländer, and the application of which to the steel industry has been approved by the Commission. In particular, the undertaking applied for an investment subsidy of 8 million DM and a tax allowance for investment of 3.7 million DM, as well as for a KfW - loan amounting to 15 million DM, in favour of investments totalling 48.8 million DM. * * *
