Accsys Technologies, the parent firm of the Accoya wood producer Titan Wood, cancelled a production and distribution licence for Accoya wood that Diamond Wood had held since 2007. The licence agreement entailed construction of an Accoya plant in China together with production and marketing rights for China and portions of South-East Asia. Accsys said that it had terminated the licence agreement due to repeated delays in Diamond Wood implementing planned projects. Accsys will ensure that demand from Accoya customers in China and South-East Asia continues to be met.
Source:
http://www.euwid-wood-products.com/news/wood-products/single/Artikel/accsys-terminates-licence-deal-with-diamond-wood.html
