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AECI

From Wikipedia, the free encyclopedia
South African chemicals group
African Explosives and Chemical Industries
Company typePublic
(JSE:AFE)
Founded1924
Key people
Khotso Mokhele (Chairman), Holger Riemensperger (Group CE)
RevenueR 35 583 million (2022)
Number of employees
7 168 (2022)
Websitewww.aeci.co.za

AECI Limited (JSE:AFE) is a South Africanchemicals group and is listed on theJSE Securities Exchange.

History

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The company was registered asAfrican Explosives and Industries (AE&I) in 1924, with its headquarters inJohannesburg.[1][2] It was formed as the result of a merger between the South African interests ofNobel Industries of theUnited Kingdom and the manufacturing arm ofDe Beers Consolidated Diamond Mines ofKimberley. The company's primary purpose was to provide blastingexplosives and detonators to South Africangold anddiamond mines but AE&I was also the only South African producer ofphosphaticfertilizer. In 1944 the company was renamed asAfrican Explosives and Chemical Industries (AECI).[3] The company was listed on the JSE in 1966.[4]

The AECI Group operates various sectors including mining solutions (explosives and initiating systems), specialty fibres,specialty chemicals and real estate market segments.

AECI's principal manufacturing sites are located inJohannesburg (mining solutions and specialty chemicals),Sasolburg (specialty chemicals) andDurban (specialty chemicals) in South Africa.

AECI is a specialty product and services group of companies which claims to provide "value-adding solutions to customers through science, technology and industry knowledge". The focus is on serving the mining and manufacturing sectors. The Dulux decorative coatings business was disposed of in 2007 and the unprofitable segments of the SANS Fibres business were closed.

Construction is in progress on five projects related mainly to the mining sector, with capital expenditure of about R1.1 billion in total over the next two years.

AECI's core businesses serve both global and regional markets.

Both African Explosives and Chemical Services have expanded their presence throughout sub-Saharan Africa. The DetNet joint venture designs, produces and sells electronic detonators. In specialty chemicals a presence has been established inBrazil.

The realisation of land and the utilisation of built assets that have become surplus to AECI's requirements are managed in the property portfolio, led by Heartland Properties. These activities offer land holdings near Johannesburg and Cape Town for commercial, residential and industrial development and leasing purposes. By the end of 2007, 14.5 square kilometres of the 37.7 square kilometres of excess land available had been sold.[5]

At the end of 2007, AECI had 6000 employees, many of whom are engaged in the Group's sales, technical service and distribution networks.[6]

Company structure

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The AECI group of companies consists of:

See also

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References

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  1. ^"The Dynamite Company the Story of African Explosives and Chemical Industries Limited by Cartwright a P - AbeBooks".www.abebooks.co.uk. Retrieved2022-04-21.
  2. ^"Sixty years of progress of an African Chemical Giant".
  3. ^"AECI – a key feature of Helderberg's explosive history".Netwerk24 (in Afrikaans). Retrieved2022-04-21.
  4. ^"AECI Limited | Johannesburg Stock Exchange".www.jse.co.za. Retrieved2022-04-21.
  5. ^"AECI LIMITED – Summarised audited financial results, Board change and cash dividend for the year ended 31 December 2021 - SENS".Moneyweb. 2022-03-02. Retrieved2022-04-21.
  6. ^"AECI Limited Vacancies 2022 - Careers24 AECI Limited Jobs". Retrieved2022-04-21.

External links

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