Finsa to become second producer of Tricoya modified wood-based panels

16 March 2018

Modified wood producer Accsys has signed a Tricoya user licence agreement with Finsa for the production of Tricoya modified wood-based panels.

The agreement with Spanish-based Finsa is a major breakthrough for Accsys, with Finsa set to become the second producer of Tricoya panels. Ireland-based Medite Europe is the other existing producer.

Under the agreement, Finsa is granted exclusive rights for manufacturing Tricoya wood elements in Spain and Portugal, with non-exclusive distribution rights in other territories. Finsa will sell the panels under the Tricoya brand and pay a combination of royalty and licence fees to Accsys’ subsidiary Tricoya Technologies Ltd (TTL).

The supply of acetylated material for the production of Tricoya panels by Finsa will initially be met from Accsys’ Accoya plant in Arnhem, the Netherlands, and then in the form of Tricoya chips from the world’s first Tricoya plant in Hull, UK which is under construction and expected to be operational in 2019.

This Hull plant is now expected to be significantly loaded when it commences operation.

“A partnership with FINSA, a well-established company with a reputation for innovation, is a great endorsement of our proprietary technologies and the Tricoya business proposition,” said Paul Clegg, CEO of Accsys.

“Incremental panel production should ensure that the Tricoya plant is significantly loaded and able to generate positive EBITDA at an earlier point.

“We see this agreement as an important step towards establishing Tricoya as the world’s leading high-performance sustainable wood-based panel, stimulating demand for further growth.”

“As a pioneer in the manufacture of all types of wood-based solutions, we at Finsa are sure that this agreement will herald new exterior applications which will bring value to both our customers and to stakeholders,” said Gonzalo Frey Pazos, business director of Finsa and Javier Portela López, R&D and quality director, Finsa.