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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 additional plant investments they’ve made have led to an increase in productivity – however significant challenges faced by the FerroAlloys segment in South Africa offset those positive results.

Despite the volatile market environment, Konsbruck says they’re continuing on their path of restructuring and consolidation.

Quick facts: Afarak Group PLC

Price: 52.5 GBX

LSE:AFRK
Market: LSE
Market Cap: £137.11 m
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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...

on 20/6/19

2 min read