Afarak Group SE is a Finland-based, vertically integrated producer of speciality alloys, specializing in chrome mining and minerals production. Headquartered in Helsinki and incorporated in 1985, the ... Afarak Group SE is a Finland-based, vertically integrated producer of speciality alloys, specializing in chrome mining and minerals production. Headquartered in Helsinki and incorporated in 1985, the company operates through two main segments: FerroAlloys and Speciality Alloys. The FerroAlloys segment manages mines including Vlakpoort, Zeerust, Mecklenburg, and Stellite in South Africa, producing chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese. The Speciality Alloys segment encompasses Turk Maadin Sirketi A.S. in Turkey for mining and beneficiation, and Elektrowerk Weisweiler GmbH in Germany for processing chromite into low, extra-low, and high carbon ferrochrome, along with plasma ferrochrome and stainless steel alloys. Afarak Group SE extracts, processes, markets, and trades these critical metals globally via its dedicated Afarak Trading arm, serving industries such as aviation, aerospace, nuclear, oil and gas, automotive, steel, and stainless steel. With operations in South Africa, Turkey, Germany, Serbia, and administrative offices in London, Helsinki, and Malta, it employs around 600 people and emphasizes sustainable development in the basic materials sector, particularly industrial metals and mining.
We reviewed Afarak Group's website and available disclosure materials for the 2024 reporting period and did not identify any reported Climate Targets data.
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