Altech Chemicals Ltd (ATC.AX) Quarterly Activities Report
- 57
Progress of Stage 1 Construction at Johor
- Stage 1 construction progressing as planned
- Site office, security post and safety systems established
- Bulk earthworks, levelling and compaction completed
- Foundation piling and foundation of workshop completed
- Steel for workshop procured and being sand blasted
- Retaining walls being established
Exclusive Mandate with Macquarie Bank for US$90 million Mezzanine Debt
- Macquarie Bank mandated as preferred Mezzanine lender
- US$90 million indicative mezzanine debt term sheet
- Mezzanine lender's final technical advisor report issued
- Extensive review of the HPA process including visit to SMS group's facility in Dusseldorf, Germany
- Positive findings with satisfactory risk management
- Detailed HPA market review being undertaken by CRU
- Legal due diligence and in-house financial modelling has commenced
HPA Coated Separators Update
- Transition to HPA coated battery separators clearly evident
- 47% increase in quarterly sales volumes from HPA coated separators
- W-Scope increasing HPA coated separator production capacity
- Leading Korean supplier of HPA coated battery separators
Investor Site Visit in Johor
- Successful inaugural investor site visit to observe HPA plant construction progress
- Stage 1 construction progress observed
- Attendees included KfW IPEX-Bank, Macquarie Bank, CIMB Bank and Petra Capital
- Various potential equity and joint venture partners in attendance
Capital Raising of A$18 million to support Stage 2 construction
- New German investors anchor A$18 million share placement
- Placement well supported by existing significant shareholders
- Stage 2 engineering and construction of HPA plant in Johor, Malaysia to now proceed
Environmental management system implemented at HPA site
- Environmental and Social Management System (ESMS) implemented
- Baseline environmental monitoring for noise, air quality and water quality
- Will service both the construction and operations phases
- Policies and procedures in place
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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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