 |
| Yildirim Group |
New Beginnings for a Metals Giant
Turkey’s Yildirim Group, a significant player in the ferro-alloy industry, has embarked on a significant restructuring by splitting into two independent entities. The move follows the departure of Robert Yuksel Yildirim, who will now head CoreX Metals & Mining, a newly formed company under CoreX Holding BV, based in Amsterdam. This new company, solely owned by Yildirim, aims to intensify focus on the global metals and mining market, reflecting a strategic shift to expand and enhance its core business operations.
Implications for Existing Operations
As part of the restructuring, Eti Krom, a well-known ferro-chrome producer, will no longer be associated with CoreX Metals & Mining. However, other key assets including Vargon Alloys in Sweden, Tikhvin Ferroalloy in Russia, AlbChrome in Albania, Voskhod Chrome in Kazakhstan, American Chrome & Chemicals in the US, and Polymetcore Trading in Switzerland will fall under CoreX Metals & Mining’s umbrella. Polymetcore Trading is set to retain exclusive marketing rights for the products of these companies, ensuring continuity in sales and distribution channels.
Future Directions and Global Aspirations
This organizational change underscores Yildirim Group's commitment to leveraging its expertise and resources to make a more pronounced impact on the global stage. By concentrating on their core competencies in metals and mining, CoreX Metals & Mining is poised to achieve substantial growth and enhance its competitive edge in the international market.
We publish to analyze metals and the economy to ensure our progress and success in fierce competition.
No comments
Post a Comment