Accsys Technologies plc : Continued uncertainty due to Tricoya delay and volatile gas prices
>Trading update reveals additional delays for Tricoya UK - In the trading update of September 12, Accsys announced an additional delay for Tricoya UK (TUK) while it has also not been able to come to an agreement with its TUK JV partners on the funding of the costs associated with earlier delays. Guidance for EBITDA for 2023 (to roughly double to €20m) has, however, been maintained. In order to provide relief to TUK, Accsys has agreed to provide an additional bridge l...Accsys Technologies is a holding company. Through its subsidiaries, Co. is a chemical technology group focused on the development and commercialization of a range of transformational technologies based upon the acetylation of solid wood and wood elements (wood chips, fibres and particles) for use as construction materials. Co.'s business consists of the following: commercial scale Accoya® wood production and sales facility in Arnhem; building and operating of Tricoya® wood chip acetylation plant in Hull; Accoya and Tricoya technology licensing and business development; and technology and product development.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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