Afarak is a growing chrome producer that supplies specialist products to the expanding steel and stainless steel industries. The Group is focused on utilising modern production technology to deliver sustainable growth. The company is listed on the NASDAQ OMX Helsinki (AFAGR) exchange in addition to the Main Market of the London stock exchange (AFRK).
The Group’s chrome operations are split into two businesses. Speciality Alloys comprises the Turkish mining operation TMS and the German processing plant EWW. FerroAlloys consists of the Stellite mining operation, the Mecklenburg mining operation and the Mogale Alloys processing plant, all in South Africa.
Afarak exports raw chrome ore directly to China and, through its centralised sales and marketing arm RCS, sells a diverse range of chrome products to customers worldwide operating in the stainless steel and steel sectors, including the automotive, aerospace and power generation industries. Afarak also exports raw chrome ore directly to the Chinese market.