Yokohama, Japan: According to ITTO, the latest financial report of Accsys Technologies plc suggests that acetylated wood, often cited as a competitor to tropical wood in high exposure applications, is making slow headway in the European market. The Dutch-based modified wood producer recorded an 18 percent sales volume increase in the year ended March 31, 2017, but also a loss before tax of €4.4m (2016: €0.5m loss).
The 18 percent sales growth of Accoya acetylated wood saw volumes increased to 39,790 m3 in the year, with a 31 percent rise in the second half of the period. Sales by Medite of Tricoya panels have increased by 32 percent to 5,806 m3 last year.
Given the level of ambition for the accoya and tricoya products, these volumes are still quite restricted. Accsys claims that the potential market for Accoya and Tricoya exceeds 2.6 million m3 annually – a very large figure which implies the company has ambitions to capture a large share of the existing European market for timber in external applications and to expand into other regions.