An emerging new construction materials manufacturing plant at Saltend has been hit by further delays and additional costs, while the price of gas has put future profitability into question.
Production at Tricoya UK Ltd - where a wood composite innovation has been touted as a significant development in the industry - is now unlikely this year, according to bosses, as partners in the consortium try to agree on new funding. Costs have soared from an original £59 million to a potential £96 million.
Early summer had seen commissioning commence at the plant, but “continued construction challenges” were experienced, with changes to the original work required.
