Negotiations re Disposal

20 May 2005 08:30

Carclo plc20 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 indiscussions regarding the possible sale of its ECC Card Clothing business. Carclo has streamlined its global operations through the ongoing disposal of itsnon-core metal processing businesses and the sale of ECC Card Clothing wouldrepresent the final stage of this strategy. Carclo's ECC Card Clothing operations, which account for approximately 15% ofthe group's turnover, comprise manufacturing sites in the UK, France, India andChina which are supported by additional fitting and distribution facilities inthe USA, Italy, Turkey and Canada. Employee consultation has been commenced at the UK and French businesses and afurther announcement will be made in due course. - Ends - Enquiries: Carclo plc 01924 268040Ian Williamson, Chief Executive Weber Shandwick Square Mile 020 7067 0700Richard 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