Altech hosts inaugural investor site visit to high purity alumina plant

Altech Chemicals Limited announced that the company hosted inaugural investor and stakeholder visit to the site of its high purity alumina (HPA) plant in Johor, Malaysia.

Altech Managing Director Iggy Tan provided an update that covered the stage 1 construction plan; the status of project financing, corporate funding and the option to introduce a joint venture partner at project level; the plan to initiate stage 2 construction. The site visit concluded with a site safety briefing and induction by the appointed EPC contractor SMS group.

“Stage 1 construction of the HPA plant commenced in late February 2019 and attendees were able to observe first-hand the progress made during the short 9-week period since the initiation of site works,” the company said.

Also present at the visit were Altech board chairman Luke Atkins, non-executive director Peter Bailey and alternate director Uwe Ahrens – also representing a major shareholder, the Melewar group. Other attendees included KfW IPEX-Bank, Macquarie Bank, CIMB Bank and Petra Capital.

Representatives of a number of private equity groups, battery manufacturers and specialty materials industry participants from Malaysian, Singapore, South Korean and Hong Kong were also in attendance.