Accsys Technologies Corporate Structure - Titan Wood Ltd.
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Accsys Technologies PLC is a publicly-listed company on the AIM and Euronext markets (LSE & AEX: AXS).

Commonly referred to as just ‘Accsys’, the business owns, produces, licences and markets acetylated wood products: principally Accoya® wood and Tricoya® wood chips.

Accsys, or ‘the Accsys Group’, comprises the holding company (Accsys Technologies PLC), wholly-owned subsidiaries, as well as a joint venture company in which Accsys holds a majority interest. All subsidiaries trade under the “Accsys” or “Accsys Technologies” name.

January 2023

The principal activities of Accsys are the production and sale of Accoya solid wood and Tricoya wood elements, technology and product development as well as the licensing of technology for the production and sale of Accoya and Tricoya via Accsys’ subsidiaries.

Wholly-owned subsidiaries

  • Titan Wood Limited is focused on the licensing of wood acetylation technology, in particular the Accoya and Tricoya brands.
  • Titan Wood B.V. is focused on the production and sale of Accoya wood.
  • Titan Wood Technology B.V. is focused on the development of acetylation technologies.
  • Titan Wood Inc. is the US sales and marketing subsidiary of Titan Wood Limited with particular focus on developing the substantial North American market for Accoya and Tricoya.
  • Accsys USA Holdings Inc and Accsys (Accoya USA) Holdings LLC are focused on developing the potential for Accoya production in the USA
  • Accoya Color UK Limited owns and operates the site in Barry, Wales, for the creation of our Accoya Color product from Accoya wood (read more)

The Accsys Group includes two subsidiary companies focused on the licensing, production, marketing and sale of Tricoya acetylated wood elements used in the production of durable and stable wood panels. As in the Company’s announcement dated 2 November 2022, following a restructuring of the Hull Tricoya Consortium the Company acquired 100% ownership of the Tricoya group entities. 

  • Tricoya Technologies Limited is engaged in the commercialisation of technology for the production of Tricoya wood elements around the world
  • Tricoya UK Limited is the legal entity set up for the construction and operation of the manufacturing plant for Tricoya wood chips as the premium wood elements brand for external applications requiring durability, stability and reliability.

Joint Venture

On 11 August 2020, Accsys, together with Eastman Chemical Company, formed a joint venture company, Accoya USA, LLC, with the intention to construct and operate an Accoya wood production plant to serve the North American market. A technology licence has also been entered into with Accoya USA, LLC so that front-end engineering and design (‘FEED’) for the proposed plant in the USA can be completed. The plant is being designed to initially produce approximately 40,000 cubic metres (~17 million board feet) of Accoya per annum and to allow for cost-effective future expansion.