Altech Chemicals (ASX:ATC) - Managing Director, Iggy Tan
Managing Director, Iggy Tan
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  • Altech Chemicals (ATC) has completed stage two construction work at its high purity alumina (HPA) plant in Malaysia
  • It follows the recent easing of COVID-19 restrictions in Malaysia, allowing work to be completed
  • An inspection handover was carried out towards the end of June and a number of repairs were identified and rectified
  • Altech shares have dropped by 2.44 per cent, trading for four cents each

Altech Chemicals (ATC) has completed stage two construction work at its high purity alumina (HPA) plant in Malaysia.

Following the easing of the Malaysian Government’s COVID-19 Movement Control Order on May 12, incomplete construction activities such as electrical work, sewage work, and landscaping, could resume.

This movement control order was implemented on March 18 and prohibited all non-residents from entering the country.

Since the lift, an inspection handover has also been carried out at the plant.

This occurred towards the end of June, and identified a number of repairs which needed to be addressed. They were all rectified by June 30.

Initial construction of the plant began back in August, 2018.

What is HPA?

HPA is the high-purity form of aluminium oxide that is used in the production of synthetic sapphire.

This synthetic sapphire is then used in the manufacture of LED lights, semiconductor wafers, and scratch-resistant glass used in smartphones and watches.

Additionally, it is used by lithium-ion battery manufacturers as the coating on battery separators to improve performance, longevity and safety.

Altech shares have dropped by 2.44 per cent, trading for four cents each at 1:41 pm AEST.

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