Big Picture – A Deep Dive Examination of Afarak Group PLC
Afarak Group PLC Snapshot
Afaraks goal is to create value to all its stakeholders. Guided by this overarching goal, our strategy is geared towards developping long-term growth opportunities. This orientation guides our short to medium term strategy and action plans.
Over the past few years, Afarak has invested heavily in its internal capacity to deliver. We invested in our people, in technology, processes and systems.
Today, we are delivering on our promise and we will continue to do so.
Our focus on offering higher value speciality products allows us to protect our margins.
We aim to streamline our processes and systems in order to reap economies of scale thus reducing our operational expenditure.
Through a strategic investment programme, we continue to develop and implement new technologies to support our long-term strategy and goals.
Afarak strives to achieve ‘Zero Harm’ at all of its operations and to provide its employees and contractors with a safe and healthy environment in which to work, develop and grow.
Our industry insight and knowledge ensures that we have opportunities and projects to contribute to our growth.
Local community development
Afarak makes positive contributions to the local communities in which it operates and built long-term relationships to underpin the sustainability of its business.
Dr. Jelena Manojlovic - Chairperson
Jelena Manojlovic has been a member of the Board since 11 July 2008. She is also a member of the Nomination and Remuneration Committee. She is an established university lecturer and organizational consultant and has 35 years’ experience in the human resources field and 20 years’ in management positions in a diverse range of organisations, including the UK’s National Health Service, universities and other companies. She was previously Human Resources Director of Kermas (a major shareholder in the Company). Manojlovic is independent of the Company but through a controlled entity of her husband Danko Koncar, she is dependent on a major shareholder of the Company.
Barry Rourke - Independent Non-Executive Director
Barry Rourke was a member of the Afarak Board, the Chairman of the Audit Committee and a member of the Remuneration Committee from April 2010 to February 2013. Previously he was an Audit Partner at PWC's for 17 years from 1984 to 2001 where he specialised in the Oil and Gas and Mining sectors. He currently holds a number of non-executive directorships and positions on the audit committees in other listed companies.
Guy Konsbruck- Executive Non- dependent Director
Guy Konsbruck was appointed as CEO of Afarak in December 2016. He previously served as an Executive Vice-President of MFC Industrial since 2014. Before that, he served as CEO of FESIL's global sales companies and was also the co-founder of Luxalloys. Mr Konsbruck holds an MBA from SHU Fairfield and is a graduate of the Unversité de Strasbourg II.
Thorstein Abrahamsen - Independent Non-Executive Director
Thorstein Abrahamsen is an internationally respected stainless steel and ferro-alloy industry professional. He has served as Chief Executive Officer of various manufacturing companies within stainless steel, ferro-alloy, construction equipment and mining industries. He also served as Vice- President Sales & Distribution of a global stainless steel production company. Throughout his career he has served on over 30 boards including chairmanships of ferro- alloy and steel trading & marketing companies around the world. He is currently chairman of construction industry company, a board member and partner of a management consultancy company and two investments companies.
|Major shareholders at 31 August 2018|
|Change from previous month|
|Shares||% of shares||Shares||%|
Nordea Bank Ab (Publ), Suomen Sivuliike
|2.||Hino Resources Co. Ltd||36,991,903||14.06||0||0|
|3.||Joensuun Kauppa ja Kone Oy||12,757,240||4.85||0||0|
|4.||Hanwa Company Limited||9,000,000||3.42||0||0|
|5.||Kankaala Markku Olavi||6,797,690||2.58||0||0|
|6.||Hukkanen Esa Veikko||3,570,872||1.36||-10,500||-0.29|
|7.||Afarak Group Plc||2,854,161||1.09||0||0|
|8.||Suokas Petri Kristian||1,482,410||0.56||0||0|
|9.||OP Life Assurance Company Ltd||1,236,159||0.47||-14,000||-1.12|
Clearstream Banking S.A.
|11.||Kakkonen Kari Heikki Ilmari||970,000||0.37||0||0|
|12.||Taloustieto Incrementum Ky||856,207||0.33||0||0|
Danske Bank AS Helsinki Branch
|17.||Hyttinen Tomi Jukka Kristian||533,000||0.20||0||0|
|18.||Fennia Life Insurance Company Ltd||512,991||0.20||+48,691||+10.49|
|19.||Nieminen Jorma Juhani||370,000||0.14||+10,000||+2.78|
|20.||Virkki Risto Anton||350,000||0.13||0||0|
|21.||Aj Elite Value Hedge Sr||349,580||0.13||0||0|
Euroclear Bank Sa/Nv
|25.||Nikander Mikael Arvo Benjamin||308,744||0.12||-10,383||-3.25|
|26.||Hartikainen Arto Ensio||300,000||0.11||0||0|
|27.||Keranto Timo Juhani||299,500||0.11||0||0|
Skandinaviska Enskilda Banken AB
|29.||Rainio Group Oy||278,000||0.11||0||0|
|30.||Simula Aarne Esa Sakari||247,000||0.09||0||0|
|31.||Karhulahti Veikko Kalevi||203,387||0.08||0||0|
|33.||JSH Capital Oy||177,650||0.07||0||0|
|35.||Oy Novatum Ab||162,933||0.06||+20,000||+13.99|
Afarak Group Oyj
Tel: +358 50 372 1130
Fax: +358 10 440 7001
Afarak Malta & Afarak Trading Limited
2nd Floor, Europa Centre
John Lopez Street
Floriana FRN 1400
Tel: +356 2122 1566 / +356 2703 0462
Fax +356 2122 1438
Afarak South Africa (Pty) Ltd
267 West Street
Tel: +27 11 668 3800 / Fax: +27 11 668 3899