News and Announcements
Altech Chemicals Signs High Purity Alumina Sales Agreement with Mitsubishi
- Published September 24, 2015 2:56PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
24th September 2015, ASX Announcement
Highlights
- Altech signs sales & distribution agreement with Mitsubishi Corporation
- Mitsubishi Corporation is Japan’s largest general trading company
- Exclusive distribution of HPA by Mitsubishi to the Japanese market
- Japan accounted for 21% of global HPA demand in 2014
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) has signed a sales and distribution agreement (Agreement) with Mitsubishi Corporation’s Australian subsidiary, Mitsubishi Australia Ltd (Mitsubishi) for its proposed high purity alumina (HPA) product. The Agreement appoints Mitsubishi as the exclusive seller and distributor of Altech’s final HPA product to the Japanese market.
Mitsubishi is Japan’s largest general trading company with more than 2000 bases of operations in approximately 90 countries worldwide. Mitsubishi employs multinational workforce of approximately 70,000 people across 600 counties. Mitsubishi has been engaged in long-term business with customers from around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise.
To read the full announcement, please click here.
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