Facor Alloys through its overseas wholly owned subsidiary namely Facor Minerals (Netherlands) B.V. has acquired a 51% stake in a Netherlands based company - Dillenburg Bergen NH Realty B.V. (DBR) for a consideration of $10 million.
The Netherlands based overseas company DBR has a wholly owned subsidiary namely Cati Madencilik Ithalat ve lhracat A.S. in Turkey which is having a Chrome Ore Mining area of 572 ha and exploration licence for an area of 26 ha in Kayseri, Turkey.
Facor Alloys engages in ferro alloys business. It produces high carbon ferro chrome. Its principal activity is the manufacture and selling of ferro chrome.
