Afarak Group SE
Common Name
Afarak Group
Country
Finland
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Employees
588
Ticker
AFAGR
Exchange
NASDAQ HELSINKI LTD
Website
afarak.comDescription
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.
Afarak Group's EU Taxonomy Data Preview
In 2024, Afarak Group was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Limited Data Preview
You are viewing a limited preview of Afarak Group’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to undefined.
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a. Afarak Group's Annual Report 2024
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