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Company Information for Kurawood plc
Company stock charts - 12 Month chart
 AIM; KURA
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Company Statement
The Group's business will be to exploit the VECO process, to manufacture and distribute "Vecowood®", an organically hardened softwood which is made using what the Directors believe to be a proprietary and innovative timber treatment process. This process enables softwood such as pine to be treated and hardened
to the workable consistency of hardwoods using innovative know how and industry standard equipment. The Directors believe that products made from Vecowood® have significant advantages over hardwoods in terms of their performance and use as well as contributing to the sustainability of forestry.
On Admission the Company has agreed to acquire the entire issued share capital of PG Industries Limited ("PGI"), the New Zealand company which holds the intellectual property for the VECO process and manufactures Vecowood®. The consideration for the Acquisition is £4,767,000, which will be satisfied by the issue of 4,767,000 Consideration Shares to the Vendors (representing 28.0 per
cent. of the Enlarged Share Capital). Of the 4,767,000 Consideration Shares, 500,000 Consideration Shares (constituting the Vendor Shares) are being sold by the Vendors on Admission.
Kurawood is seeking to develop the commercial prospects of Vecowood®. In order to achieve this, the Company is being admitted to trading on AIM and has raised £4.5 million through the issue of the Placing Shares (representing 26.5 per cent. of the Enlarged Share Capital). The proceeds of the Placing will be used
for the phased increase of installed production capacity at the PGI factory to meet increasing demand, to provide additional working capital, and for marketing.
The Company's strategy to date has been to market products made by Kurawood from Vecowood® directly to retailers such as B&Q, Homebase and Floors-2-go to build up market presence and brand awareness. In the future, the Company will also seek to supply Finished Wood and Rough Wood to timber merchants and
manufacturers who in turn may manufacture finished products for onward sale to retailers and / or the general public.
The Company will continue to research and develop the treatment of different softwood species using the VECO process and also work on further product enhancements, while looking to expand routes to market geographically. The Directors believe that the factors that will drive economic interest in Vecowood® include the diminishing amounts of hardwood available globally, and that the factors that will drive environmental interest in Vecowood® include
the threat of global warming through de-forestation and the use of carbon/oil based products to treat existing softwood. As such, the Directors believe that there is a potential market for a product such as Vecowood®, which can replicate the physical properties of hardwood.
Company Diagram
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Current Operations
Flooring
Thanks to simple organic chemistry, Kura has all the looks and durability of hardwoods like oak or mahogany. But because it's made from fast-growing plantation forests, it doesn't damage the environment. The unique properties of KURA flooring mean it is one of the few timber products that can be used safely with underfloor heating.
Kura Solidwood Flooring is durable and easy to maintain. This is because you are not walking directly on the wood, but on the Liquid Diamond UV Lacquer Finish that is specially formulated for solidwood flooring. This protects the wood and keeps the floor looking beautiful. The Liquid Diamond finish also makes KURA Flooring ideal for high traffic areas both in the house or for commercial use in areas such as bars, restaurants and hotel receptions.
Kura Flooring is available in a variety of natural finishes and sizes making solid wood flooring available in every space where a beautiful timber finish is required.
Stairs
Thanks to simple organic chemistry, Kura has all the looks and durability of hardwoods like oak or mahogany. But because it's made from fast-growing plantation forests, it doesn't damage the environment.
Kura is less likely to warp than most woods and it responds brilliantly to sanding, carving and staining. With these properties KURA is ideal for the manufacture of elegant fully finished stairparts. KURA stairparts are quick and easy to fix. No need for sanding, painting or varnishing all KURA stairparts come beautifully finished with a clear diamond lacquer which will resist scratching and some chipping. Why not get the complete KURA look by using Kura architectural mouldings and flooring to match.
Garden Furniture
Thanks to simple organic chemistry, Kura has all the looks and durability of hardwoods like oak or mahogany. But because it's made from fast-growing plantation forests, it doesn't damage the environment.
Kura is less likely to warp than most woods and it responds brilliantly to sanding, carving and staining. With a choice of finishes and colours Kura can also be combined with contemporary textures to give a long lasting and stunning range of garden furniture to enhance any garden for years to come.
Mouldings
KURA is ideal for use as a material to manufacture mouldings throughout the home and workplace. In order to give that complete KURA look, all our mouldings compliment our stairpart and flooring range.
Architectural mouldings come in contemporary and traditional, with bespoke speciality designs also available on request.
Geographical Spread
The Company's strategy to date has been to market products made by Kurawood from Vecowood® directly to retailers such as B&Q, Homebase and Floors-2-go to build up market presence and brand awareness. In the future, the Company will also seek to supply Finished Wood and Rough Wood to timber merchants and
manufacturers who in turn may manufacture finished products for onward sale to retailers and / or the general public.
Board of Directors and Key Management
| Mr Peter Hammonds | Independent Non-executive Director |
| Roy Tilleard | Chairman and Chief Executive |
| Kevin Fraser | Sales and Marketing Director |
| Peter McArthur | Chief Technical Officer |
Company AddressKura Wood PLC
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Additional Address/Key ContactPrivate Client Broker |
CapitalNumber of Ordinary Shares in issue on Admission 17,000,000 |
Nominated BrokersBroker | Nominated AdvisorsNominated Adviser |