Not out of the woods yet...

Sunday, Mar 01 2009 by
  • Accsys specialises in environmentally friendly and sustainable wood products. The company's main product, Accoya, uses a patented process to convert sustainably grown softwoods into a more durable material which can be used for everything from beach houses to harmonicas.
  •  Wood Acetylation is a process, which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The process protects wood from rot by making it "inedible" to most micro-organisms and insects, without - unlike conventional treatments - making it toxic.
  • Latest trading update - - indicated that the Group "continues to make steady progress despite the global economic uncertainties and the challenging market conditions.. Our focus has been to try to mitigate the impact of the global economic slowdown by continuing to develop additional markets for the sale of Accoya®. In particular, we have established distribution agreements in the key North American market with UCS  Forest Products, the Bella Vista division of window and door producer Loewen and East Teak Fine Hardwoods Inc"
  • Collins Stewart argued that the statement "highlight[ed] the fact that the Group is not immune from the headwind of the Global recession, with 3rd party projects delayed and no further licence news... Large potential licensees will effectively look at the Accsys proposition as discretionary capital expenditure and a number of these (especially in the building materials or forestry industry) have financial problems of their own.

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Accsys Technologies PLC is a chemical technology company. The Company is focused on the development and commercialization of a range of transformational technologies based upon the acetylation of solid wood and wood elements (wood chips, fibers and particles) for use as construction materials. Its segments include Licensing, Management and Business Development; Manufacturing, and Research and Development. It is engaged in the production and sale of Accoya solid wood, and licensing of technology for the production and sale of Accoya wood and Tricoya wood elements through its subsidiaries. The Accoya solid wood and Tricoya wood elements technologies are manufactured through the Company's acetylation wood modification process. Accoya wood is used for windows, external doors, siding, decking, structural and civil engineering projects. Tricoya Wood Elements are used in Facade cladding/siding and other secondary exterior applications; window components, and door skins and wet interiors. more »

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Stocktaculous 1st Mar '09 1 of 1

Accoya is made from faster-growing, more widely available softwoods, instead of from hardwoods that typically come from clear-cutting tropical forests. Increasing opposition worldwide to the environmental damage caused by clear cutting has more and more consumers avoiding products made from hardwoods. Titan does not yet harvest wood in the United States, but softwoods, such as pine, are grown, harvested and replaced in a renewable process.... While Titan's presence in Dallas is not huge -- only eight on staff at this point -- the company believes that the $40 billion U.S. market for wood has huge untapped potential, said William Paterson-Brown, the Switzerland-based executive chairman of Titan's parent company, U.K.-based Accsys Technologies PLC.

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