The company behind a stalled wonder construction product manufacturing site in Hull may seek new partners to deliver it, should it prove viable.
Owner Accsys Technologies put the Tricoya plant on hold immediately after buying out other consortium members as costs spiralled, with a significant proportion of the infrastructure up at Saltend. Now it has revealed that discussions with potential third parties are ongoing as the board evaluates funding options, ahead of a decision on whether to eventually proceed.
Directors in the Anglo/Dutch-listed company had previously estimated the cost could now double the initial capital investment outlined when the high-tech first-of-a-kind plan was first brought forward. Located on the PX Group site, there are hopes for scores of high skilled jobs, with the plant is set to combine chemistry and technology to create high performance, sustainable wood-based building products. A similar operation in Arnhem, Holland, is now delivering strong growth, with a US site anticipated to open next March.
