Belcot Tool & Die

RNS Number:1720D
Widney PLC
03 September 2007

Widney PLC



Belcot Tool & Die



Widney plc announces that following a detailed assessment of the automotive tool
and die market it has determined to withdraw from the manufacture of automotive
press tools.  Belcot will continue with low volume production presswork.



Belcot contributed profits of #181,000 in the six months to 31 March 2007. With
decreasing demand for automotive press tool manufacturing, the Board feels that
better use could be made of the assets employed.



The withdrawal is expected to allow the realisation in due course of some
#800,000 of fixed and current assets for the benefit of the Group.



3 September 2007





Enquiries:


Widney Plc
Joe Grimmond, Chairman                                       0121 327 5500
Graham Errington, Finance Director                           0121 327 5500

Insinger de Beaufort
Chris Caldwell                                               020 7190 7000

College Hill
Richard Pearson                                              020 7457 2020




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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