ALTECH BATTERIES LIMITED 
Altech signs mandate with German KfW IPEX-Bank for project financing
- Exclusive project finance mandate with German KfW IPEX-Bank
- Mandate for senior debt, including German Export Credit Agency (ECA) insured debt
- Approx. US$40m of ECA cover project debt
- Balance of approx. $15m senior debt
Appointment of HPA sales & marketing manager (China)
- Mr Martin Ma appointed to develop the HPA business in China
Altech receives Letter of Interest (LOI) for German export credit cover
- LOI received from Euler Hermes for German ECA cover
- Around 55% of plant and equipment sourced from Germany & additional 10% from Europe
- Debt supported by ECA cover is typically at attractive conditions, including long tenure and low interest rates
Optimisation of kaolin beneficiation plant location
- Kaolin beneficiation plant to be located at the Company's HPA plant site in Johor, Malaysia
- Detailed design and optimisation work continues
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATC-751213.pdf
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:
Corporate: Iggy Tan Managing Director Altech Chemicals Ltd T: +61 8 6168 1555 E: info@altechchemicals.com WWW: www.altechchemicals.com Media Contact: Tony Dawe Consultant Professional Public Relations T: +61 8 9388 0944 E: tony.dawe@ppr.com.au
