Carclo Regulatory News (CAR)

15 Feb 2007 14:53

Carclo plc15 February 2007 For Immediate Release 15 February 2007 Carclo plc ("Carclo") Carclo announces completion of disposal of surplus property Carclo plc ("Carclo") announces that it has completed the sale of its surplusproperty at Plover Mills in Huddersfield. The exchange of contracts for the sale of this property was previously announcedon 1 December 2006. Vacant possession of the site has now been obtained andproceeds of £5.4 million were received on 14 February 2007. - Ends- Enquiries:Carclo plc 01924 268040Ian Williamson, Chief ExecutiveRobert Brooksbank, Finance Director Weber Shandwick Financial 020 7067 0700Richard HewsJames White Notes to Editors • Carclo plc is a global supplier of technical plastic components. It is a public company whose shares are quoted on the London Stock Exchange. • 70% 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. • 30% of sales are derived from the supply of manufactured systems to the automotive and aerospace industries. • 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