Appoints Melewar as Construction Partner
Perth, April 29, 2015 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Malaysian engineering and construction group Melewar Integrated Engineering Sdn Bhd (Melewar), appointing it as construction contractor for Altech's proposed high purity alumina (HPA) processing plant in Johor Bahru, Malaysia.
Highlights
- Memorandum of Understanding with Melewar Integrated Engineering Sdn Bhd
- Part of the diversified Melewar Industrial Group Berhad (MIG-Melewar)
- Construction services for buildings and steel works, civil works, roads and site infrastructure
Melewar is a leading multi-disciplinary engineering firm and offers one stop solutions to industrial planning, project engineering, development, construction and management. Melewar is part of the diversified Melewar Industrial Group Berhad, which is listed on "Bursa Malaysia" (Malaysian Securities Exchange), and is one of the largest downstream steel manufacturers in Malaysia.
The MOU provides for Melewar to supply construction services for buildings and steel works, civil works, roads and site infrastructure for the Company's proposed HPA plant. Melewar operates various steel fabrication facilities in Malaysia, and is experienced at the efficient and cost effective pre-fabrication, then on-site assembly and erection of steel structures and equipment. Melewar will be working for the EPCM partner, M+W Group who were appointed on 10 March 2015.
Commenting on the appointment of Melewar by the Company, Altech's Managing Director, Iggy Tan explained: "Our strategy to appoint key high quality contractors for the HPA project continues. Specifically, Melewar have extensive construction experience in Malaysia. Melewar has the capability to deliver turnkey structural steel fabrication and erection for the HPA project at competitive pricing without compromising quality or time."
To view photographs (Melewar), please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATC-717329.pdf
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
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