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2016-02-04 15:47:48 CET 2016-02-04 15:47:48 CET REGULATED INFORMATION Afarak Group Plc - Company AnnouncementAFARAK GROUP - DISTRIBUTION AGREEMENT SIGNED04 February 2016 - Afarak Group Plc, Stock Exchange Release AFARAK GROUP - DISTRIBUTION AGREEMENT SIGNED Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR) announces that its wholly owned subsidiary Afarak Trading Limited (RCS) has entered into a long-term agreement with US company Carpenter Technology Corporation. Carpenter Technology Corporation has been producing specialty alloys for more than a century and their specialty alloys have been used in a variety of mission-critical commercial aerospace applications, including components for airframes, pneumatic ducting, turbine engines, landing gear and a multitude of other high performance applications found in the aerospace industry. Afarak Trading Limited will provide Low Carbon Ferro Chrome produced at Elektrowerk Eschweiler-Weisweiler in Germany, another wholly owned subsidiary of Afarak Group Plc. The vertical integration of Afarak Group and its consistent quality are important factors considered in the risk analysis by aerospace suppliers. AFARAK GROUP PLC Alistair Ruiters CEO For additional information, please contact: Afarak Group Plc Dr Alistair Ruiters, CEO, tel +358 50 372 1130 (Helsinki Office), alistair.ruiters@afarak.com Afarak Group is a chrome mining and minerals producer focused on delivering sustainable growth with speciality alloys business in Europe and ferro alloys business in southern Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK). www.afarak.com Distribution: NASDAQ Helsinki London Stock Exchange main media www.afarak.com [HUG#1983842] |
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