Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce the successful completion of an A$18.0 million (before costs) share placement.
Altech Chemicals Ltd
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.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise of a successful inaugural investor and stakeholder visit to the site of the Company's high purity alumina plant in Johor, Malaysia. Stage 1 construction of the HPA plant commenced in late February 2019 and attendees were able to observe first-hand the progress made during the short ~9-week period since the initiation of site works.
The Directors present their report on Altech Chemicals Ltd (ASX:ATC) for the half-year ended 31 December 2018.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update of activities at the Company's high purity alumina project site in Johor, Malaysia, where Stage 1 construction is progressing as planned.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has officially mandated Macquarie Bank as the preferred mezzanine lender for its proposed Malaysian high purity alumina plant.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise of its participation in the Executive Insights Virtual Conference, where Managing Director Iggy Tan will provide a company update.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update on the transition by lithium-ion battery manufactures to high purity alumina coated battery separator sheets, as is apparent from recently announced quarterly sales data by Japanese separator sheet manufacturer W-Scope (6619 JT) and from Altech's recent attendance at the Battery Japan 2019 conference, held in Tokyo.
Altech Chemicals Ltd (ASX:ATC) provides the Company's latest presentation.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to report that the proposed mezzanine debt provider has now completed its assessment of the independent technical advisor's report that it commissioned on the Company's high purity alumina project, and has notified Altech that it now plans to proceed towards preparation for the internal approval process of a proposed mezzanine debt facility.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Quarterly Activities Report.