Afarak Group SE
Common Name
Afarak Group
Country
Finland
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Employees
613
Ticker
AFAGR
Exchange
NASDAQ HELSINKI LTD
Website
afarak.comDescription
Afarak Group SE is a Finland-based, vertically integrated producer of speciality alloys, focusing on chrome mining and minerals production with operations spanning South Africa, Turkey, Germany, and a... Afarak Group SE is a Finland-based, vertically integrated producer of speciality alloys, focusing on chrome mining and minerals production with operations spanning South Africa, Turkey, Germany, and administrative offices in London, Helsinki, and Malta. The company operates through two primary segments: FerroAlloys, which includes mines such as Vlakpoort, Zeerust, and Mecklenburg in South Africa, producing chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese; and Speciality Alloys, featuring Turk Maadin Sirketi A.S. in Turkey for mining and beneficiation, and Elektrowerk Weisweiler GmbH in Germany for processing chromite into low and ultra-low carbon ferrochrome. Afarak Group SE extracts, processes, markets, and trades these specialized metals, supplying them globally to industries including aviation, nuclear, oil and gas, automotive, aerospace, steel, and stainless steel via its dedicated Afarak Trading arm. Incorporated in 1985 and headquartered in Helsinki, the company employs around 600 people and emphasizes sustainable growth as a critical metals provider 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.
aLimited 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 (A1, A2, A, B, and A+B), 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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