Presentation at the 3rd International Sapphire Expo in Shenzhen China
Presentation at the 3rd International Sapphire Expo in Shenzhen China
Perth, June 23, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (Altech/the Company) is pleased to provide a copy of the presentation that will be delivered by Company General Manager Operations, Mr Jingyaun Liu at the 3rd International Sapphire Industry Technology Exhibition (Sapphire Expo) in Shenzhen, China on Thursday, 23 June 2016.

The Sapphire Expo is an annual trade show that is held over three days (22 - 24 June 2016) and attracts hundreds of sapphire industry participants from the around the world. Participants include sapphire glass and wafer manufacturers, sapphire substrate producers, high purity alumina suppliers, and importantly representatives from the LED lighting and lithium-ion battery manufacturing sectors.

Altech's attendance and presentation at the expo is an opportunity for it to both showcase the advanced state of its Malaysian high purity alumina (HPA) project and to commence building international brand awareness for its proposed finished product HPA.

As previously announced, Altech has executed a 10-year off-take sales arrangement with Mitsubishi Corporation's (TYO:8058) Australian subsidiary, Mitsubishi Australia Ltd (Mitsubishi) for 100% of HPA production from its proposed Malaysian HPA plant. The current forecast demand growth profile for HPA indicates that near term future demand is well in excess of current and known planned supply capacity increases; the expo should provide the Company with useful information on industry participant perception of this dynamic and possible sector specific supply challenges.

To view the presentation, please visit:
http://abnnewswire.net/lnk/16XS7P39


About Altech Chemicals Ltd

Altech Chemical Ltd ASX:ATCAltech 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

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: shane@altechchemicals.com



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