Altech submits manufacturing licence application for its high purity alumina plant
Altech Chemicals Limited has submitted a manufacturing licence application to the Malaysian Investment Development Authority (MIDA) for 4,500 tonnes high purity alumina (HPA) plant in Malaysia.
The high purity alumina project represents an investment of approximately 1.2 billion ringgit. The plant will produce HPA directly from kaolin clay, which will be sourced from the Company’s 100%-owned kaolin deposit at Meckering, Western Australia.
“Application has also been made to MIDA for the HPA project to be afforded “Pioneer Status” (High Technology) investment incentive classification. A project approved as Pioneer Status (High Technology) will benefit from income tax exemption of 100% of its statutory income for a period of 5 years from the commencement of commercial production, according to Altech press release.
Altech has been liaising with MIDA about its proposed HPA project since 2015 and recently finalised the applications.
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