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Yildirim Group confirms completion of Albchrome acquisition

  • Thursday, January 20, 2022
  • Source:ferro-alloys.com

  • Keywords:chrome ore, ferro chrome, yildirim ,albchrome
[Fellow]Albchrome has been somewhat controversial due to a number of miners deaths and serious injuries with no accountability from the company. Furthermore, protests have taken place over working conditions, low salaries, and failure to provide adequate safety materi...

Yildirim Group confirms completion of Albchrome acquisition

Ferro-alloys.com: TURKISH Yildirim Group has completed the acquisition of 100% of the shares of Albanian chrome and ferro-chrome company Albchrome Holding, the Turkish industrial conglomerate has announced.

The sales and purchase agreement was signed in September 2021, and the handover and closing processes were finalised on January 14 this year, Yildirim Group said on Wednesday January 19.2022

Yildirim Group is a conglomerate with interests in mining, ports, and chemicals in more than 28 countries. The company has been looking to expand abroad and Inside of the country.

Albchrome has been somewhat controversial due to a number of miners deaths and serious injuries with no accountability from the company. Furthermore, protests have taken place over working conditions, low salaries, and failure to provide adequate safety materials.

 

 

Albchrome is a limited liability company registered in Albania, with object of activity: management, support activities for the mining industry, services for non-metallic minerals, etc. Albchrome has two wholly owned subsidiaries Albchrome LLC and Vllahen Mining LLC.

 

 

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