Carclo plc
20 May 2005
Embargoed until 0830 20 May 2005
Carclo plc
('Carclo' or the 'Group')
Negotiations regarding possible sale of ECC Card Clothing businesses
Carclo plc the global technical plastics group, today announces that it is in
discussions regarding the possible sale of its ECC Card Clothing business.
Carclo has streamlined its global operations through the ongoing disposal of its
non-core metal processing businesses and the sale of ECC Card Clothing would
represent the final stage of this strategy.
Carclo's ECC Card Clothing operations, which account for approximately 15% of
the group's turnover, comprise manufacturing sites in the UK, France, India and
China which are supported by additional fitting and distribution facilities in
the USA, Italy, Turkey and Canada.
Employee consultation has been commenced at the UK and French businesses and a
further announcement will be made in due course.
- Ends -
Enquiries:
Carclo plc 01924 268040
Ian Williamson, Chief Executive
Weber Shandwick Square Mile 020 7067 0700
Richard Hews / Susanne Walker
Notes to Editors
• Carclo plc is a global supplier of technical plastic components and
specialist wire products. It is a public company whose shares are quoted on
the London Stock Exchange.
• 81% of sales are derived from the supply of fine tolerance, injection
moulded plastic components, which are used in medical, automotive, telecom
and electronics products. This business, Carclo Technical Plastics, operates
internationally in a fast growing and dynamic market underpinned by rapid
technological development.
• The Specialist Wire division manufactures card clothing, a specialised
engineered product used by the textile fibre processing industry world wide,
precision aerospace products and band saws.
• Carclo's strategy is to grow rapidly in low cost manufacturing regions
and to develop new technologies and products to underpin future growth.
This information is provided by RNS
The company news service from the London Stock Exchange
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