Accsys Technologies Refocuses Strategy, Closes Hull Plant

Accsys Technologies (GB:AXS) has released an update.

Accsys Technologies PLC has announced the shutdown of its Hull-based Tricoya plant to focus on maximizing returns from Accoya and Tricoya production at existing facilities. The decision will result in a non-cash impairment charge of approximately €20 million and a cash cost of €4.5 million in the first half of fiscal year 2025. Despite this, the company remains confident in its growth strategy and aims to achieve a production target of 100,000m³ by the end of FY27.

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