Accsys Technologies PLC has announced plans to raise approximately €34 million in a capital raise. The company aims to use the net new proceeds from the capital raise, along with a debt extension package, to commence commercial operations of its Accoya plant in Kingsport, US, by mid-2024. This move is expected to strengthen Accsys' balance sheet and increase working capital headroom in the face of a challenging macro trading environment. The company specializes in enhancing the natural properties of wood to create high-performance and sustainable building products.