Altech Chemicals Ltd (ATC.AX) HPA Plant Stage 1 Construction Update
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Highlights
- Stage 1 construction progressing as planned
- Site office, security post and safety systems established
- Topsoil removed, bulk earthworks and levelling in progress
- Piling rig mobilised to site
- Steel for workshop procured and being sand blasted
Initial site establishment activities are now complete, with the site now fully fenced and secured. The site construction office has been erected; a security post has been installed; a vehicle wash down bay is established with sediment control; a site weather monitoring station is in place; and temporary ablutions are installed. A site safety induction process has been established, with all entry onto the site strictly controlled. Site security personnel have been inducted and the site is now monitored on a 24-hour, 7 day per week basis.
Removal of top soil from the site is complete and bulk earthworks and site levelling is in progress. A foundation piling rig has been mobilised to site for pilling tests. Workshop foundation piling is expected to commence shortly and preparations for the reinforced concrete works are in progress. Workshop steel (70 tons) has been purchased and has arrived at a nearly fabrication shop in preparation for sandblasting and off-site fabrication.
Overall, Stage 1 work has been steady and is building. The site is gradually moving from the establishment phase into the construction phase. Work is being conducted in accordance with the highest safety standards and there have been no safety incidents to report.
A short video highlighting Stage 1 construction activities can be viewed via the following link: http://www.abnnewswire.net/lnk/Z07WZ7R6
To view figures, please visit:
http://abnnewswire.net/lnk/IBT501RR
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 (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.
Source:
Altech Chemicals Ltd
Contact:
Corporate Iggy Tan Managing Director Altech Chemicals Limited Tel: +61-8-6168-1555 Email: [email protected] Shane Volk Company Secretary Altech Chemicals Limited Tel: +61-8-6168-1555 Email: [email protected] Investor Relations (Europe) Kai Hoffmann Soar Financial Partners Tel: +49-69-175-548320 Email: [email protected]
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