Altech Chemicals Annual Report and Financial Statements

Our Vision:

To be one of the world’s leading producers of high purity alumina (HPA)

High Purity Alumina: 

A high-value material required for the manufacture of LED lights, scratch resistant (sapphire) glass and aluminium semi-conductors. There is no substitute for HPA in the manufacture of these products.

Global HPA demand is approximately 19,040tpa (2014) and demand is growing at an annual rate of 28%, primarliely driven by the growth in LED’s as this energy efficient, longer lasting and lower operating cost lighting replaces traditional incandescent bulbs. HPA demand is expected to at least double over the coming decade.

Altech has completed a Bankable Feasibility Study (BFS) for the construction and operation of a 4,000tpa HPA plant at Tanjung Langsat, Malaysia. 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. Altech’s production process will employ conventional “off-the-shelf” plant and equipment to extract HPA using a hydrogen chloride (HCl) leaching process. Production costs are anticipated to be considerably lower than established HPA producers.

To read the full announcement, please click here.