The Sapphire Expo is an annual trade show that is held over three days (22 - 24 June 2016) and attracts hundreds of sapphire industry participants from the around the world. Participants include sapphire glass and wafer manufacturers, sapphire substrate producers, high purity alumina suppliers, and importantly representatives from the LED lighting and lithium-ion battery manufacturing sectors.
Altech's attendance and presentation at the expo is an opportunity for it to both showcase the advanced state of its Malaysian high purity alumina (HPA) project and to commence building international brand awareness for its proposed finished product HPA.
As previously announced, Altech has executed a 10-year off-take sales arrangement with Mitsubishi Corporation's (TYO:8058) Australian subsidiary, Mitsubishi Australia Ltd (Mitsubishi) for 100% of HPA production from its proposed Malaysian HPA plant. The current forecast demand growth profile for HPA indicates that near term future demand is well in excess of current and known planned supply capacity increases; the expo should provide the Company with useful information on industry participant perception of this dynamic and possible sector specific supply challenges.
To view the presentation, please visit:
http://abnnewswire.net/lnk/16XS7P39
About Altech Chemicals Ltd:
Altech Chemicals Limited (ASX:ATC) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3). HPA is a high-value product because it is the major source material for scratch-resistant artificial sapphire glass. Sapphire glass is used to produce a range of high-performance electronic applications such as LEDs, semi-conductors, phosphor display screens, as well as new emerging products such as smartphones and tablet devices. The global HPA market is approximately 19,040tpa (2014) and is expected to at least double over the coming decade.
Source:
Altech Chemicals Ltd
Contact:
Iggy Tan Managing Director Altech Chemicals Limited Tel: +61-8-6168-1555 Email: info@altechchemicals.com Shane Volk Company Secretary Altech Chemicals Limited Tel: +61-8-6168-1555 Email: shane@altechchemicals.com