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Quiet here, but the share price is doing enough talking on its own : ), I imagine it will be saying allot more 21 onwards too. GLA
It is a fantastic company to be invested in, I specify this product in my day job nearly everyday. If I’m specifying external doors and windows they are invariably in accoya and more joiners shops Are using accoya as the default over sapele. With the Hull plant opening next year I can see further growth and a clear commitments to the UK market
You are just the man to ask then. Does it compare favourably price wise to Spell. Am also wondering how expensive the new waterproof mdd will be. Really pleased this has taken off at last. I think I had a small holding when Majedie first invested. As you know it takes forever to get the building trade interested in anything new. 50 year guarantee against rot and restart to beetle attack is obviously worth paying for. Obviously not for the Wimpeys and Persimmons of this world, but probably couldn't supply them anyway. I gather the trees they use are sourced from NZ. Was thinking about using their t& g for a wet room because not keen on tiles. £10 per metre was a bit strong. How does it weather without a finish, or is that not a good idea. Sorry to ask so many questions but this is quite revolutionary!
It tends to go silvery grey colour after a few years, but the grain isn't as interesting as say oak or western red cedar. There's a really interesting cladding system that James Latham are promoting that chars the outside surface of accoya to give a jet black crackled appearance. Architect's love it, not particularly innovative, the Japanese have been doing it for centuries, but you have the benefit of accoya wood.
I guess it autocorrected Sapele to Spell? but in terms of cost difference, i'd say roughly 20% premium over Sapele, although that is narrowing every year. Given the maintenance and longevity of Sapele we strongly recommend clients go for it.
Last sentence: do you mean you recommend the Sapele over Accoya?
If you’re asking which will last longer then Accoya is going to be hard to beat. It is a class 1 timber, the highest class for durability and a whole class above the likes of oak and cedar, sapele is class 3 with a life expectancy outdoor of 10 to 15 years. Every piece of accoya is guaranteed for 50 years by Accsys. Aside from supreme dimensional stability that is why it can command a high price. It’s also FSC certified so it has green credentials too. You could always use a cheaper wood for your build and put the money you save into buying Accsys shares, that might also prove a good decision.
Thanks for the excellent insights there
Accoya treated wood is generally 40% more expensive untreated wood, I not from there latest report that they are mentioned Accoya colour thats a new one on me, I used the product on many projects in the past we always had to use a paint finish for windows and doors as it did not take stain very well. I am a holder and intend to stick with it long term.
So much opportunity elsewhere that I've taken a topslice today, after such a great rise in just a couple of months. 70%. But I really believe in this, and will top up again if we have a pullback now, funds permitting.
The rest is now for the long term. It's probably just beginning.
Hi all well done with this. Yes I did mean SAPELE. Well and truly miss out, but like you say Qd plenty of opportunity all round. How big can this get? I think if they are getting on board with MDF as well as the undoubted benefits of Accoya very big indeed or get bought out . How well geared are they to scale up to meet potential demand world wide?
See my long post 27th Oct, I was really concerned in 2015 that they had made a giant mess up with licences, worldwide. Still may be the case.
Just read your 27th post. Diamond Wood sold to Cleantech Building Materials plc on Nasdaq North Copenhagen. Look at last interims for 2020 strategy. Agree with your comments re scewups but look who was chairman! The only man to run out of wood when his business was wood acetylation and had the company on on product allocation of product for year plus. He was always coming from behind just like his brother in the LibDems. New management performing well so far
Thank you sbury, that's useful about Cleantech.
From what I can see Cleantech has been set up to be the new Diamond Wood??? CEO is almost certainly Chinese. HQ is just 1.5 miles from Accsys, but strangely/murkily it is listed on some unheard of European market: "Cleantech Building Materials Plc acquired Diamond Wood China Limited on 23 December 2016 and on the same day completed its listing on Nasdaq First North, Copenhagen."
A week ago, 31st March, they released this in an RNS: "Cleantech Building Materials PLC (“CBM” or the “Company”) is pleased
to announce the signing of a comprehensive Joint Venture agreement to build
the first Accoya(®) Wood factory in China (the “Agreement”). Under the
terms of the Agreement, a new joint venture company (the “Joint Venture
Company”) will be immediately formed between CBM’s subsidiary, Diamond
Wood China Limited (“Diamond Wood”) and Nantong Acetic Acid Chemical
Company Ltd (“NTAAC”), an international Chinese chemical group, to
construct an Accoya(®) Wood factory with an initial design capacity of
160,000 m(3) and ultimate target annual capacity of 480,000 m(3). The initial
financing is for circa €48,000,000 as set out below.
Under the terms of the Agreement, Diamond Wood and NTAAC have agreed specific
factory-related milestones and equity contributions by each party. Diamond
Wood will contribute €11.2m of equity for a 51% majority shareholding of the
Joint Venture Company with the additional right to receive a royalty income up
to €180,000,000. This equity contribution will be made utilising the
Company’s investment agreement with a private family office which was
announced in July 2019. NTAAC will contribute €10.8m of equity for a 49%
shareholding. Debt financing has been agreed with a leading Chinese bank for
the remaining €26m. The China-based Accoya(®) Wood factory is expected to
be producing its first Accoya(®) Wood at the end of 2022, with sales volume
ramping up in 2023.
Diamond Wood has the exclusive license to produce and market up to 750,000
m(3) annually of Accoya(®) Wood in the Greater China Region from Accsys
Technologies plc (“Accsys”), with a right to sell into other Asian
markets. Accoya(®) Wood supply is currently only available from Accsys’
Titan Wood factory in Arnhem, Netherlands, and is primarily sold as a premium
building material to small construction projects. The new Diamond Wood-NTAAC
Joint Venture plans to industrialise the production of Accoya(®) Wood on a
large scale. By leveraging significantly lower costs in chemical, wood, energy
and other key inputs, the planned China Joint Venture Company will supply
Accoya(®) Wood to high-volume wood-product manufacturers in China and Asia,
which dominate global markets in windows, doors, flooring and outdoor
furniture."
Apologies for the formatting. It only came out once posted.
I meant to put this up as a new thread, title "What do you think, peoples?" Somehow didn't work.
Anyway this is a concern to me, though we have some time. But, boy, did they mess up the licencing. Glad to be corrected. Very!
Of course with a licence there should be some income....