Altech Batteries Ltd Stock Market Press Releases and Company Profile
Completes HPA Site Clearance Work at Johor, Malaysia
Completes HPA Site Clearance Work at Johor, Malaysia

Perth, July 27, 2018 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (googlechartASX:ATC) (googlechartA3Y:FRA) is pleased to announce that it has completed clearing the ~4Ha site for its proposed high purity alumina (HPA) plant in Johor, Malaysia. Site clearance commenced earlier this month following the execution of the stage 1 construction agreement for the HPA plant with appointed German engineering, procurement and construction (EPC) contractor, SMS group (SMS).

Highlights

- Altech completes HPA site clearance works at Johor, Malaysia

- Key development milestone for Altech's HPA project

Clearing of the site predominantly involved the removal of secondary re-growth vegetation; this activity was the first task in the detailed schedule of works for stage 1 construction. The completion of site clearance is another key development milestone for the Company's proposed Malaysian HPA plant; other key Malaysian development milestones are listed in the table below:

Date: 20 Nov 2014

Development Milestone (Malaysia): Following a global search, Altech selects and secures a ~4Ha site at Johor, Malaysia for its proposed HPA plant

Date: 19 Jun 2015

Development Milestone (Malaysia): Environmental approval (PAT) to develop the HPA plant received

Date: 2 Nov 2016

Development Milestone (Malaysia): Altech opens an office for its Malaysian subsidiary in Johor (Tanjung Langsat)

Date: 25 Nov 2016

Development Milestone (Malaysia): Official lease signing ceremony with Johor Corporation, managers of the Tanjung Langsat Industrial Complex

Date: 16 May 2017

Development Milestone (Malaysia): SMS group appointed as EPC contractor for Altech's HPA plant

Date: 20 Oct 2017

Development Milestone (Malaysia): Design of HPA plant finalised

Date: 21 Feb 2018

Development Milestone (Malaysia): Manufacturing licence for HPA plant approved

Date: 22 May 2018

Development Milestone (Malaysia): Final payment instalments made for HPA plant site, securing the site via a 30-year lease

Date: 12 Jul 2018

Development Milestone (Malaysia): Altech executes stage 1 construction agreement with SMS group

Date: 27 Jul 2018

Development Milestone (Malaysia): Site clearance completed at HPA plant site

The Company's HPA plant site is located in a section of the Tanjung Langsat Industrial Complex in Johor that is designated for chemical processing facilities. The Company selected Johor, Malaysia as the location for its proposed HPA plant based on significant economic and development benefits, including the ready availability of required consumables such as hydrochloric acid, limestone, quicklime, power and natural gas - all at highly competitive prices. The availability of skilled labour, proximity to an international container port and international airports (Johor Bahru and Singapore), and the various investment incentives on offer such as a 5-year corporate profits tax relief period are other important advantages of the selected location.

Renowned as being the most sought-after location for industries in Malaysia, Johor is a dynamic and vibrant industrial corridor and a manufacturing hub in the south-east Asian region. The only state in Malaysia with three ports and an international airport for cargo, Johor is the international metropolis for investment providing political and social stability; fully-developed industrial parks; a growing English-speaking workforce; supportive government policies with attractive tax incentives; and low inflation rates. Johor has the largest concentration of the world's leading manufacturers and exporters of electronic products such as semiconductors and synthetic sapphire products; solar panel and glass products; textiles, rubber and wood products.

Altech's managing director Iggy Tan, commented: "The site clearance caps off an exciting 12 month period for Altech as we take another step towards our goal of becoming a major producer of high purity alumina".

To view tables and figures, please visit:
http://abnnewswire.net/lnk/744H7A12


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns. 

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Contact

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

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



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