HPA Plant Stage 1 Construction Update
HPA Plant Stage 1 Construction Update
Perth, June 18, 2019 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to provide an update of Stage 1 construction activities currently underway at the Company's high purity alumina (HPA) plant site in Johor, Malaysia.

Highlights

- Stage 1 Construction progressing as planned

- Workshop steel frame erection nearing completion

- Retaining wall construction 75% complete

- OSD Tank excavation and construction work underway

Structural steel erection for the maintenance workshop building has progressed considerably since the Opstaan Yster (stand up of iron) ceremony held on site at the beginning of May 2019. The building frame erection and roof structure placement is nearing completion, and the construction team shall shortly commence with roof and wall cladding activities. Retaining wall construction is proceeding along both the western and eastern site boundaries and is currently estimated as 75% complete. The internal site retaining wall, which is required for site terracing immediately behind the Administration building is also progressing in accordance with the Stage 1 construction schedule.

Finally, excavation of the on-site detention (OSD) storm water tanks have commenced along the southern boundary of the plant site, with construction of the first of four underground tanks now underway, which involves blinding, lining and reinforcement ahead of the pouring of concrete. The four OSD tanks will have a total volume of 2000m3, and will serve as intermediate storage for all site storm water in accordance with the Malaysian planning regulations and stormwater management practices.

An update video can be found at http://www.abnnewswire.net/lnk/09OB65KP

To view figures, please visit:
http://abnnewswire.net/lnk/H63Z5O24


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

Corporate
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: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com



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