HPA Plant Construction Update
HPA Plant Construction Update
Perth, Oct 30, 2019 AEST (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update on the current status of construction activities at the Company's high purity alumina (HPA) plant site in Johor, Malaysia.

Stage 1 construction works have now completed on budget and on schedule. The final site inspection of the works was recently carried out by Altech, with no defects or significant "punch-list" items identified. The stage 1 facilities have now been formally handed-over to Altech by the EPC contract consortium (SMS group and Metix).

The stage 1 handover items consisted of the maintenance workshop building (Figures 1 and 2); all site retaining walls (Figure 3*); and the on-site detention (OSD) storm water tanks at the rear of the plant site (Figures 4 and 5*). To date a total of 100,000 lost time injury (LTI) free working hours have been completed at the HPA plant construction site.

During Stage 1 construction a total of 207 employees and contractors completed site safety inductions, with the maximum site workforce reaching a compliment of 82. All construction activities were completed with zero (0) first aid or medical treatment incidents and zero (0) lost time injuries. These results are testament to the professionalism of the construction consortium, sub-contractors and all others engaged in the construction activities.

Stage 2 engineering continues to progress, with SMS group having recently placed orders with various vendors for the commencement of engineering packages covering approximately 50% of the long lead items. Completion of the packages will position SMS group to proceed to final detailed engineering of structures and piping in readiness for plant construction.

Also, construction of the on-site electrical substation has now commenced. Preliminary excavation, earthworks and the pouring of concrete foundations were recently completed (Figure 7*). Construction of the substation structure is expected to commence during November 2019, once various off-site fabrication works are complete.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/M23KHG07


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



Related Companies

Altech Chemicals Ltd    

ABN Newswire This Page Viewed:  (Last 7 Days: 48) (Last 30 Days: 184) (Since Published: 802)