Accsys considers these to be the five pillars of its investment proposition:
UNIQUE GENUINE HIGH-END PATENTED PRODUCT AND TECHNOLOGY
We have developed innovative, proprietary and protected technologies which chemically modify wood through an acetylation process. The resulting products benefit from exceptional dimensional stability, durability and many other qualities as well as being environmentally sustainable.
Our award-winning products are first in class and leading the revolution of modified woods in a growing building industry, which is starting to recognise and adopt the significant long term benefits of such materials.
LARGE AND GROWING ADDRESSABLE MARKET; PRICING POWER
Our products provide a sustainable solution to the increasing problem facing the substantial and growing building materials industry. They offer equal or better performance properties compared to the highest performing non-sustainable, man-made and fossil-based materials. In addition, they benefit from all the positive attributes of wood – such as sustainability, strength, beauty – without the potential drawbacks of poor durability and stability.
As a result, our estimates, are that we have an addressable market of 8.6M m3 in North America and 1.5M m3 in Europe. This represents a long-term and substantial growth opportunity, noting in FY 2024 we sold 56,568 cubic metres of Accoya.
MULTIPLE ROUTES TO MARKET
We have a strong global network of industry leading distributors with deep expertise in the building products market combined with an Approved Manufacturers programme, supporting manufacturers working with Accoya.
We are further strengthening our distribution network globally to penetrate existing and new markets where there is opportunity to grow our footprint. Our manufacturing process and modular industrial design is based upon confidential technical know-how and protected IP which can be expanded and replicated world-wide.
Read more about our business model
PASSED PEAK INVESTMENT WITH SUBSTANTIAL ROIC OPPORTUNITY
The Company has recently expanded production capacity at its Arnhem site and opened a new joint venture production site in Kingsport Tennessee, designed specifically to serve the large potential North America market.
Read more about our strategy in the Annual Report
STRONG ORGANISATIONAL CAPABILITY
Our Board and Senior Management team are highly committed and experienced, with varied backgrounds including from the wood, chemical, operations, marketing and finance industries.