13.00 London, 15.00 Helsinki, October 29, 2021 – Afarak Group Plc (“Afarak” or the “Company”) (LSE: AFRK, NASDAQ: AFAGR)
Production report K3 2021
Production in the Afarak special segment is showing signs of net improvement. The Afarak Group’s total production in the third quarter of 2021 was lower than in the corresponding quarter of the previous year, mainly due to the sale of large assets in South Africa.
|Production of special mixtures||mt||23,716||17,440||36.0%||89,715|
|Production of ferro – alloys||mt||7,852||25,681||-69.4%||125 060|
- Turkish mines continued to increase their mining operations in the third quarter of 2021 by 14.5% compared to last year.
- The mining operations of the South African mines decreased significantly as a result of the sale of significant assets of these mines.
- Improved market conditions and increased demand led to a significant increase in production volumes at EWW’s production facility in Germany in the third quarter of 2021.
Helsinki, October 29, 2021
AFARAK GROUP OYJ
Board of Directors
For more information, contact:
Afarak Group Plc
Guy Konsbruck, Managing Director, +356 2122 1566, [email protected]
Financial reports and other investor information are available on the company’s website: www.afarak.com.
Afarak Group is a specialty alloys manufacturer focusing on sustainable growth in the specialty alloys business in Southern Europe and the ferrous metals business in South Africa. The company is listed on NASDAQ Helsinki (AFAGR) and the main market of the London Stock Exchange (AFRK).
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