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Afarak Group PLC

Afarak 'resilient' and working to optimise business despite challenging markets

Afarak Group PLC (LON:AFRK) CEO Guy Konsbruck updates Proactive London on operations after what's proven to be a challenging start to the year for the firm.

This month the chrome producer said it would shut down some of its production at the Mogale plant after coming under pressure from falling ferrochrome prices and rising energy costs in South Africa.

Konsbruck says despite the headwinds, the company remains financially robust and the uncertain markets are providing them with opportunities.

Quick facts: Afarak Group PLC

Price: £0.58

Market: LSE
Market Cap: £150.16 m
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Afarak Group Plc well positioned to exploit opportunities in 2019

Guy Konsbruck, chief executive of Afarak Group Plc (LON:AFRK), discusses with Proactive London’s Andrew Scott their recent third quarter update as well outlook for 2019. He says the speciality alloys division fully met expectations with the mines in Turkey performing well and the...

on 14/12/18

2 min read

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