Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that its wholly owned Malaysian subsidiary, Altech Chemicals Sdn Bhd has submitted a manufacturing licence application to the Malaysian Investment Development Authority (MIDA), for its proposed high purity alumina plant.
Altech Chemicals Ltd
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.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that German government owned KfW IPEX-Bank has advised the Company of credit approval for a total project finance debt package of US$190 million for its high purity alumina project.
Altech Chemicals Ltd (ASX:ATC) Managing Director Iggy Tan is interviewed in London at the Mines and Money 2017 Conference and Exhibition.
FINANCE VIDEO: Altech Chemicals Ltd (ASX:ATC) MD Iggy Tan Presents at Mines and Money 2017 in London
HPA is used in the manufacture of synthetic sapphire, which is used on almost every apple watch and iPhone. The scratchproof clear crystal is also a major component of LED (Light Emitting Diodes) that is replacing conventional lighting from domestic to industrial applications.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has been advised that the German government inter-ministerial committee has reached a positive decision on its application for project finance export credit cover.
Altech Chemicals Ltd (ASX:ATC) provides the latest Corporate Presentation.
Altech Chemicals Ltd (ASX:ATC) provides Corporate Presentation at 121 Mining Investment, London.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Presentation at Low Emission Technology Minerals Conference.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that the board of German engineering firm SMS group GmbH has approved an additional equity investment of US$ 11 million in Altech. SMS is the lead engineering, procurement and construction contractor of the consortium appointed for construction of Altech's proposed Malaysian high purity alumina plant.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Corporate Presentation at International Metals Conference.