Accsys Technologies signs new Solvay deal

Chemical technology group Accsys Technologies has reached an agreement with Belgium-based chemical company Solvay SA to redefine their existing relationship.

Under the terms of the new deal, the London-listed company will double the existing manufacturing capacity at its Arnhem plant in the Netherlands to 80,000 cubic metres per year of Accoya – its wood product - while providing sales and marketing services to Solvay’s European business.

Accsys added Solvay will purchase a minimum 76,000 cubic metres of Accoya from the Arnhem plant between 2016 and 2020 and as a result of the increased manufacturing capacity in Arnhem and consequent greater sales capacity, under the new agreement Solvay will review the optimal timing to construct its 63,000 cubic metres Accoya manufacturing plant.

“This is an exciting step in the development of our business and is further evidence of the fruits of our strategy to maximise returns from our technology platform and resultant product offerings," said group chief executive Paul Clegg.