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About the company
Afarak Group Plc, formerly Ruukki Group Oyj, is a Finland-based company active in the steel sector. The Company’s business comprises two production divisions, FerroAlloys and Speciality Alloys, and a sales and marketing operation, RSC Limited. The FerroAlloys business consists of the Stellite mine, the alloy processing plant Mogale and the Mecklemburg development project in South Africa and the Waylox mine development project in Zimbabwe. The business produces chrome ore, Charge Chrome, Silico Manganese and Stainless Steel Alloy and exports chrome ore directly to global markets, particularly to China. The Spieciality Alloys business consists of the TMS mining and beneficiation operation in Turkey and the EWW, chromite concentrate processing plant in Germany. TMS supplies EWW with chromite concentrate which is used in Specialised Low Carbon and Ultralow Carbon Ferrochrome. Surplus chrome ore is exported from TMS mainly to China. The Company operates a number of subsidiaries worldwide.
- Revenue in EUR (TTM)198.69m
- Net income in EUR44.83m
- LocationAfarak Group SEKaisaniemenkatu 4HELSINKI 00100FinlandFIN
- Phone+358 503721130
- Fax+358 104407001
Mergers & acquisitions
|Acquired company||Deal status||Date||Date /|
|AFAGR:HEX since |
|LL-resources GmbH||Announced||12 May 2023||12 May 2023Announced||-11.97%||64.94m|