02 FEBRUARY 2016Altech Chemicals Press Release
Altech Chemicals publishes quarterly activities and cashflow report
Edited by : AL CIRCLE
1 min read
Altech Chemicals published its quarterly activities and cashflow report for the period ending December 31, 2015. The highlights of the report are given below:
1) Altech signed mandate with German KfW IPEX-Bank for project financing
• Exclusive project finance mandate with German KfW IPEX-Bank
• Mandate for senior debt, including German Export Credit Agency (ECA) insured debt
• Approx. US$40m of ECA cover project debt
• Balance of approx. $15m senior debt
2) Altech appointed HPA sales & marketing manager (China) Mr Martin Ma to develop the HPA business in China
3) Altech received Letter of Interest (LOI) for German export credit cover
4) Altech received LOI from Euler Hermes for
• German ECA cover
• Around 55% of plant and equipment sourced from Germany & additional 10% from Europe
• Debt supported by ECA cover is typically at attractive conditions, including long tenure and low interest rates
5) Altech optimised kaolin beneficiation plant location
• Kaolin beneficiation plant to be located at the company's HPA plant site in Johor, Malaysia
• Detailed design and optimisation work continues
1) Altech signed mandate with German KfW IPEX-Bank for project financing
• Exclusive project finance mandate with German KfW IPEX-Bank
• Mandate for senior debt, including German Export Credit Agency (ECA) insured debt
• Approx. US$40m of ECA cover project debt
• Balance of approx. $15m senior debt
2) Altech appointed HPA sales & marketing manager (China) Mr Martin Ma to develop the HPA business in China
3) Altech received Letter of Interest (LOI) for German export credit cover
4) Altech received LOI from Euler Hermes for
• German ECA cover
• Around 55% of plant and equipment sourced from Germany & additional 10% from Europe
• Debt supported by ECA cover is typically at attractive conditions, including long tenure and low interest rates
5) Altech optimised kaolin beneficiation plant location
• Kaolin beneficiation plant to be located at the company's HPA plant site in Johor, Malaysia
• Detailed design and optimisation work continues
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