NEW! Investment Companies Centre
Virgin Credit Card:
233.77m
0.00 ()
1.50
Date: Tuesday 20 Nov 2007
LONDON (ShareCast) - Accsys Technologies wholly-owned subsidiary Titan Wood has signed a full licence agreement with Diamond Wood China Limited to manufacture AccoyaTM wood in China.
"The total 500,000 cubic metres nameplate capacity agreed between the two companies will include both Diamond Wood's own manufacturing capacity as well as sub-licensing agreements within China," said the group.
The terms of the licence agreement includes an initial payment of 9.5m and three years exclusivity.
Further technology fees, in the amount of 90m in aggregate, will be payable as Diamond Wood develops project plans and secures regulatory approval, it said.
Accsys Technologies also announced today that it has amended its business relationship with Celanese by mutual consent.
| Currency | Euro |
| Share Price | 1.50 |
| Closing Price Change | 0.00 |
| 52 Week High | 3.5 |
| 52 Week Low | 1.4 |
| Volume | 417,604 |
| Shares Issued | 155.84m |
| Market Cap | 233.77m |
| Beta | 0.35 |
| RiskGrade | 358 |
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| Latest | Previous | |
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| Final | Final | |
| Ex-Div | 23-Jul-08 | n/a |
| Paid | 22-Aug-08 | n/a |
| Amount | 1.00¢ | 0.000¢ |
| CEO | Edward James Pratt |
| CEO | Finlay Morrison |
| CFO | Kevin David Wood |