Activities at Altech Chemicals Ltd's (ASX:ATC) (FRA:A3Y) high purity alumina (HPA) site in Johor Bahru, Malaysia, recommenced on 3 June 2020 following the lifting of the Malaysian government COVID-19 pandemic Movement Control Order (MCO).

On the 9 July 2020, the Company announced that the remaining Stage-2 construction work had been completed.

Outstanding Stage-2 construction involved completion of the site electrical substation, which primarily consisted of internal fit-out, drainage, sewage and landscaping. These works have now finished and this marks the completion of all works included in the Stage 2 construction scope by the appointed EPC contractor Metix (a wholly owned subsidiary of SMS group, Germany).

A formal handover inspection of the substation was conducted toward the end of June 2020 and the small number of identified punch list items were all rectified by 30 June 2020. The electrical substation is a critical path item and Altech will now proceed to make the substation available to the local electricity service provider TNB (Tenaga Nasional Berhad) for the installation of switchgear and the incorporation of the substation into the local electrical grid.

Stage 1 and 2 early works construction activities were completed with a total of 137,916 lost time injury (LTI) free hours at the site by the EPC construction team and its appointed subcontractors. A total of 288 personnel were involved in site-based construction activities.

To view the quarterly report, please visit:
https://abnnewswire.net/lnk/11K6TN03


About Altech Chemicals Ltd

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.

Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.

    

Contact

Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com



Link: Altech - Quarterly Activities and Cash Flow Reports



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