Business news for the stock market
Altech Advanced Materials AG: PURCHASE OF LAND FOR BATTERY MATERIALS COATING PLANT COMPLETED
Heidelberg (pta026/21.01.2022/15:00 UTC+1)
Highlights:
- Acquisition of ~14Ha industrial site in Saxony, Germany
- Production plant for innovative anode material with a capacity of 10,000 tons/year to be built next to test plant
- The region between Saxony and Brandenburg is considered the new European center for lithium-ion batteries and electric vehicles
Altech Advanced Materials AG (AAM / the Company) (FRA: AMA1) is pleased to announce that Altech Industries Germany GmbH (AIG), a subsidiary of Altech Chemicals Limited (75%) and Altech Advanced Materials AG (25%), has executed the purchase agreement for a ~14-hectare industrial site within the Schwarze Pumpe Industrial Park, municipality of Spreetal, Saxony for the battery materials coating project. The planned production plant for innovative battery material coating with an annual capacity of 10,000 tons of anode material is to be built on this site. Altech's silicon graphite anode will be produced here using the company's proprietary high-purity aluminum oxide (HPA) coating technology. The site was chosen due to its excellent strategic location with Schwarze Pumpe as the center of the ever-growing European market for lithium-ion batteries and electric vehicles.
A land handover ceremony was conducted in Saxony, attended by Saxony State Minister for Development Mr. Thomas Schmidt, the Mayor Manfred Peine of Spreetal, Sachsen and Lady Major Christine Herntier of Spremberg, Brandenburg. They all welcomed Altech's plans to build this plant in the Lausitz region and highlighted the benefits for the region and the local people. In addition, the Board of AAM and many other political and industrial dignitaries were present at the ceremony which was held in the Dock3 facility (next door) where AIG intends to build its pilot plant.
Images of the planned production plant and the celebration can be found here https://www.altechadvancedmaterials.com/en/battery-materials-coating.
The Schwarze Pumpe Industrial Park is located in north-eastern Saxony and is well serviced by existing infrastructure with connection to rail and roads. The industrial park is 120 km from Berlin and 78 km from Dresden. This area, in the eastern part of Germany, is considered the new automotive nucleus in Europe and hosts production sites for Volkswagen, BMW, Porsche, Daimler and Tesla, as well as a number of key resource and technology players within the value chain of lithium-ion batteries. The region is known as an engineering training ground and has excellent research facilities including the Fraunhofer Institute for Electronic Nano-systems in Chemnitz, which is very focussed on ceramic (HPA) nano technology in energy storage.
The Board of Directors
About Altech Advanced Materials AG Heidelberg-based Altech Advanced Materials AG (ISIN: DE000A2LQUJ6) ("AAM") is an investment company listed in Frankfurt. The company's objective is to participate in the market for lithium-ion batteries and thus in the rapidly growing sector of electromobility as well as in the expected market development for the other applications of high-purity alumina. To this end, Altech Advanced Material AG has acquired a 25% stake in Altech Industries Germany, Dresden, ("AIG"), where a factory for the production of coating material for anode batteries is to be built together with the partner Altech Chemicals Limited, Australia ("ATC"). A feasibility study is currently underway. AIG holds the exclusive rights to use the coating technology for anode materials and the rights to the high purity alumina ("HPA") production technology within the European Union from Altech Australia Pty Ltd, Australia. In addition, AAM holds an option to acquire up to a 49% interest in Altech Australia Pty Ltd, Australia ("Altech") for up to $100 million. Currently, Altech is a wholly owned subsidiary of ATC. Altech owns the IP rights to the HPA technology as well as being the wholly owned parent company of Altech Chemicals Sn Bd, Malaysia, through which a 4,500 tonne HPA plant is to be built in Johor, Malaysia, and Altech Meckering Pty Ltd, Australia, the company that holds the rights to the kaolin mine from which the raw material for HPA production is sourced. For more information, visit: www.altechadvancedmaterials.com |
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| Emitter: |
Altech Advanced Materials AG Ziegelhäuser Landstraße 3 69120 Heidelberg Germany |
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| Contact Person: | Hansjörg Plaggemars | |
| Phone: | +49 6221 64924-82 | |
| E-Mail: | info@altechadvancedmaterials.com | |
| Website: | www.altechadvancedmaterials.com | |
| ISIN(s): | DE000A2LQUJ6 (Share) | |
| Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf |