Launches German Language Website
The launch of the German-language site is in response to increased interest in the Company's high purity alumina (HPA) project from European based retail and institutional investors, and various German-based stakeholders. Since the dual listing of Altech shares on the Frankfurt Stock Exchange (refer to ASX announcement dated 4 April 2017), the Company's online news and editorial coverage has attracted an increasing European-based readership.
Altech's German website is accessible via the following URL: http://www.altechchemicals.com/de
Alternatively the German-language Altech site can be accessed by selecting the German flag at the top right-hand corner of the website's homepage. The user can switch between English and German language content via the flag icons.
About 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 Ltd