Titan Wood signs license option

Titan Wood has announces that it has signed a license option agreement with Safwood in respect of rights to manufacture Accoya wood in Italy, Switzerland and Austria.

The terms of the agreement include Accsys Technologies PLC, the parent company of Titan Wood, receiving an initial non-refundable upfront payment of EUR120,000 in return for a 12-month option for the three European countries.

The geographical territory and manufacturing volumes may be extended upon the exercise of the option.

As with all previous Titan Wood licence option agreements, terms of the license would include license fee payments of EUR200 per m3 of nameplate capacity (EUR24 million in total) and EUR22 per m3 of production royalties for an initial 20-year period.

The Safwood group, based in Piacenza, Italy, specialises in wood products such as sawn timbers, panels, matchboard panels and laminated beams and panels.

It plays a role among sawn-timber producers in Russia and trades its products mainly in the European market.

Back to top