Presentation at the 3rd International Sapphire Expo in Shenzhen China
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.
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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 (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.
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. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.
Altech Chemicals Ltd