• SMS approves US$ 11 million of additional equity support for Altech
• Subject to financial close of the targeted US$ 185 million debt facility
• Follows the US$ 4 million commitment announced on 27 October 2017
• SMS total equity commitment totals US$ 15 million
• Demonstrates confidence and commitment by Altech’s EPC contractor
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that the board of German engineering firm SMS group GmbH (SMS) has approved an additional equity investment of US$ 11 million in Altech. SMS is the lead engineering, procurement and construction (EPC) contractor of the consortium appointed for construction of Altech’s proposed Malaysian high purity alumina (HPA) plant.
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