Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update on the status of activities at the Company's high purity alumina (HPA) site in Johor Bahru, Malaysia, where construction activities have now recommenced.
In response to the global outbreak of the COVID-19 pandemic, the Malaysian government imposed a Movement Control Order (MCO) effective 18 March 2020, for an initial period of one month. The MCO resulted in the closure of all non-essential government and private business premises, and consequently the suspension of all construction works and closure of Altech's HPA plant site at Tanjung Langsat. Subsequently, the MCO was extended on four occasions and is currently in effect until 9 June 2020.
However, the Malaysian government recently announced a relaxation of MCO restrictions under a revised Conditional Movement Control Order (CMCO). The CMCO provides for the recommencement of business activities, such as construction, but only if pre-approval is obtained from the Ministry of International Trade and Industry (MITI). A key condition of the recommencement of activities is a requirement to implement Standard Operating Procedures that follow the Malaysian Ministry of Health guidelines for COVID-19.
Altech has now received the MITI approval for business recommencement and has implemented the required COVID-19 related workplace standards for personal and workplace hygiene, including individual screening (COVID-19 testing) and social distancing. COVID-19 testing for all personal was completed last week, and final site inspection by the Construction Industry Development Board for verification of implementation of the new procedures has been conducted; this has allowed for the recommencement of construction activities at site.
Prior to the suspension of construction activities in March 2020, work on the electrical substation was nearing completion, with only cosmetic architectural detailing and internal fit out of some mechanical and electrical systems remaining. It is expected that these outstanding works will now be completed by July 2020, followed by rectification of any punch list items and a final handover inspection of the substation to Altech.
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Corporate Iggy Tan Managing Director Altech Chemicals Limited Tel: +61-8-6168-1555 Email: email@example.com Shane Volk Company Secretary Altech Chemicals Limited Tel: +61-8-6168-1555 Email: firstname.lastname@example.org Investor Relations (Europe) Kai Hoffmann Soar Financial Partners Tel: +49-69-175-548320 Email: email@example.com
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