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Facor Alloys acquires 51% stake in Dutch firm Dillenburg Bergen for $10M

By Bhawna Gupta

  • 05 Mar 2013
Facor Alloys acquires 51% stake in Dutch firm Dillenburg Bergen for $10M

Facor Alloys Ltd, through its overseas wholly owned subsidiary Facor Minerals (Netherlands) B.V., has acquired 51 per cent stake in Netherlands-based firm Dillenburg Bergen NH Realty B.V. (DBR) for $10 million (Rs 55 crore).

DBR has a subsidiary called Cati Madencilik Ithalat ve lhracat A.S. in Turkey that has a chrome ore mining area of 572 hectare and exploration licence for an area of 26 hectare in Kayseri, Turkey.

Founded in 1955 by late Durgaprasad Saraf, Facor Alloys is a producer and exporter of ferro alloys (used as raw material for steel production). The company started its journey with a ferro manganese plant in Shreeramnagar in Andhra Pradesh and then diversified into various types of ferro alloys. It manufacturers high carbon ferro chrome and charge chrome, with a capacity of mining 65,000 TPA charge chrome and 2,50,000 TPA chrome ore.

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Facor Group exports its products to countries like China, Germany, Korea, Japan, Italy, the Netherland, Taiwan, Turkey and the USA.

In April 2011, Facor Alloys acquired Chhattisgarh-based BEC Power Pvt Ltd for $3.56 million.

(Edited by Sanghamitra Mandal)

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