THE BOURSE WHISPERER: Altech Chemicals (ASX: ATC) kept the market abreast of progress of construction at the company’s high purity alumina (HPA) plant site in Johor, Malaysia.
Altech Chemicals recently carried a final site inspection of the Stage 1 construction works that have now completed on budget and on schedule.
The stage 1 facilities have been formally handed-over to Altech by the EPC contract consortium (SMS group and Metix), consisting of a maintenance workshop building, all site retaining walls, and the on-site detention (OSD) storm water tanks at the rear of the plant site.
Altech indicated that Stage 2 engineering was in train, with SMS group having placed orders with various vendors for the commencement of engineering packages covering approximately 50 per cent of the long lead items.
“Completion of the packages will position SMS group to proceed to final detailed engineering of structures and piping in readiness for plant construction,” Altech Chemicals said in its ASX announcement.
“Also, construction of the on-site electrical substation has now commenced.
“Preliminary excavation, earthworks and the pouring of concrete foundations were recently completed.
“Construction of the substation structure is expected to commence during November 2019, once various off-site fabrication works are complete.”