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The regional government reiterates its support for Spanish Zinc to implement its new project by ensuring its viability (03/03/2009)

Marin says that "the Government has always supported Valcárcel employees and the company, but when it comes to managing the money of all the Murcia must apply the stricter"

The regional government in conjunction with the City of Cartagena reiterates once again as it has done for the past four years to support employees and Zinc Spanish company to keep jobs and run the new business plan as long as they meet minimum requirements such as technical and economic feasibility of the new project.

In fact, the Minister of Universities, Business and Research, Salvador Marín, pledged in writing Zinc Spanish initiative and the regional president, Ramón Luis Valcárcel, "to support the future business plan of this company with a stake of five percent in the capital increase of the same. "

Furthermore, this important economic support is contingent on Zinc Spanish satisfy certain commitments to ensure the economic and technical feasibility of the project and keep jobs.

Among the requirements imposed by both the City of Cartagena and the regional government, which included Spanish Zinc obtaining approval of the National Securities Market to expand its capital, with each and every one of the constraints that it implies .

In obtaining this capital has benefited from the intervention and support explicit and clear the regional government.

Once this happened, the regional government has asked Spanish Zinc to provide the special monitoring committee constituted by the regional administration, the City of Cartagena, workers and business, information about the capital increase and as the Industrial Plan was once asked by the region and have only submitted a preliminary info from the manufacture of zinc, but not for the manufacture of solar panels and other relevant aspects to assess the plan.

Marín said that "it is fundamental prerequisite for the viability of the project that money from the capital increase is for the new project and not used for other purposes."

Another of the essential requirements for the regional government to do its significant investment in Spanish of Zinc is that the company gets the subsidies provided by the Ministry of Economy, in particular those relating to regional incentives, of which the Ministry of Universities, Business and Research through the Institute of Development, is only manager.

In addition, the document submitted by the regional government also requires the merchant to obtain additional funding from the ICO, as well as the conditions imposed by this Institute and to ensure compliance with providing the appropriate financial plans and feasibility studies Accredited new business project, and have not yet been sent or special monitoring commission or the Department.

Work and rigor

Also, Marin stated that "labor and management are well aware that from the regional government and from the City of Cartagena has not stopped working over the past four years to provide jobs and business continuity, but when managing the money of all the Murcia we apply greater rigor and accountability.

For that reason, or we are going to precipitate or precipitate when participating in social capital.

Of course, if the project is rigorous in complying with minimum standards of viability and solvency requirements, will have our full support. "

Finally, the Minister and the Mayor of Cartagena, Pilar Barreiro, calling on the parties involved, both in the Spanish case of zinc as the other companies, as well as the Socialist Party of the Region of Murcia and the United Left, which act with rigor and seriousness "because in these situations to pitch in and find solutions rather than demagoguery and demand that the money is used for all citizens without the guarantee of a clear social benefit."

Source: CARM

UNE-EN ISO 9001:2000 - ER-0131/2006 Región de Murcia
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