leadf
logo-loader
LSE:AFRK FRA:V5W

Afarak Group PLC

Receive alerts
Market:
LSE
Market Cap:
£47.7 m
Price
20.00 GBX
Change
-33.33%
52 weeks high
55.00
52 weeks low
30.00

In brief

Afarak is a growing global organization that supplies world leading companies with speciality alloys.  Operating from mines and plants across South Africa, Turkey and Germany; Afarak is a vertically-integrated producer of specialist and critical alloys.

The production units are supported by administrative offices in London, Helsinki and Malta.  It sells its products across the globe through Afarak Trading, a dedicated sales & marketing company.  Afarak today proudly supplies world leading brands in the automotive, aerospace nuclear, and luxury consumer good sectors with its alloys.

In all its operations, Afarak is committed to a Zero-Harm policy and has placed health & safety at the core of its working programme.  

Snapshot

  • Profits have been under pressure due to weak ferrochrome price and previous technical problems at Mogale alloys plant
  • New management installed at Mogale
  • Moving out of business rescue