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{{Short description|South African chemicals group}}
{{Infobox company |
{{Infobox company|
|name = African Explosives and Chemical Industries
| name = African Explosives and Chemical Industries
|logo =
|type = [[Public company|Public]]
| logo =
| type = [[Public company|Public]]
|traded_as = ({{JSE|AFE}})
| traded_as = ({{JSE|AFE}})
| revenue = [[South African rand|R]] 35 583 million (2022)
|revenue = [[South African rand|R]] 16,900&nbsp;million (2014)<ref name="REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS 2014">{{Cite web|url=http://www.aeci.co.za/pdf/results/results-final-24022015.pdf |title=REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS, FINAL CASH DIVIDEND DECLARATION AND SPECIAL CASH DIVIDEND DECLARATION |publisher=aeci.co.za |date= |accessdate=22 September 2015}}</ref>
| operating_income =
|operating_income = [[South African rand|R]] 1,596&nbsp;million (2014)<ref name="REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS 2014"/>
|foundation = 1924
| foundation = 1924
|location =
| location =
|area_served =
| area_served =
|key_people = Schalk Engelbrecht (Chairman), Mark Dytor (CEO)
| key_people = Khotso Mokhele (Chairman), Holger Riemensperger (Group CE)
| num_employees = 7 168 (2022)
|num_employees = 5203 (2014) <ref name="Integrated Report 2014">{{Cite web|url=http://www.aeci.co.za/reports/ar_2014/pdf/full-intergrated.pdf |title=Integrated Report 2014 |publisher=aeci.co.za |date= |accessdate=22 September 2015}}</ref>
|industry =
| industry =
|products =
| products =
|homepage = [http://www.aeci.co.za/ www.aeci.co.za]
| homepage = [http://www.aeci.co.za/ www.aeci.co.za]
}}
}}
'''AECI Limited''' ({{jse|AFE}}) is a [[South Africa]]n [[chemical]]s group and is listed on the [[JSE Securities Exchange]].
'''AECI Limited''' ({{jse|AFE}}) is a South African [[chemical]]s group and is listed on the [[JSE Securities Exchange]].


==History==
==History==
The company was registered as ''African Explosives and Industries '' (AE&I) in 1924, with its headquarters in Johannesburg. It was formed as the result of a merger between the South African interests of [[Nobel Industries (Scotland)|Nobel Industries]] of the [[United Kingdom]] and the manufacturing arm of [[De Beers]] Consolidated Diamond Mines of [[Kimberley, Northern Cape|Kimberley]]. The company's primary purpose was to provide blasting [[explosive]]s and detonators to South African [[gold]] and [[diamond]] mines but AE&I was also the only South African producer of [[Phosphate|phosphatic]] [[fertilizer]]. In 1944 the company was renamed as ''African Explosives and Chemical Industries '' (AECI).
The company was registered as ''African Explosives and Industries '' (AE&I) in 1924, with its headquarters in [[Johannesburg]].<ref>{{Cite web |title=The Dynamite Company the Story of African Explosives and Chemical Industries Limited by Cartwright a P - AbeBooks |url=https://www.abebooks.co.uk/book-search/title/the-dynamite-company-the-story-of-african-explosives-and-chemical-industries-limited/author/cartwright-a-p/ |access-date=2022-04-21 |website=www.abebooks.co.uk |language=en-GB}}</ref><ref>{{Cite web |title=Sixty years of progress of an African Chemical Giant |url=https://journals.co.za/doi/pdf/10.10520/AJA00382353_4642}}</ref> It was formed as the result of a merger between the South African interests of [[Nobel Industries (Scotland)|Nobel Industries]] of the [[United Kingdom]] and the manufacturing arm of [[De Beers]] Consolidated Diamond Mines of [[Kimberley, Northern Cape|Kimberley]]. The company's primary purpose was to provide blasting [[explosive]]s and detonators to South African [[gold]] and [[diamond]] mines but AE&I was also the only South African producer of [[Phosphate|phosphatic]] [[fertilizer]]. In 1944 the company was renamed as ''African Explosives and Chemical Industries '' (AECI).<ref>{{Cite web |title=AECI – a key feature of Helderberg's explosive history |url=https://www.netwerk24.com/netwerk24/aeci-a-key-feature-of-helderbergs-explosive-history-20181015 |access-date=2022-04-21 |website=Netwerk24 |language=af-ZA}}</ref> The company was listed on the JSE in 1966.<ref>{{Cite web |title=AECI Limited {{!}} Johannesburg Stock Exchange |url=https://www.jse.co.za/jse/instruments/3014 |access-date=2022-04-21 |website=www.jse.co.za}}</ref>


The AECI Group operates companies in the following market segments:
The AECI Group operates various sectors including Mining solutions (explosives and initiating systems), Specialty fibres, [[Specialty chemicals]] and Real Estate market segments.
* Mining [[solution]]s (explosives and initiating systems)
* Specialty fibres
* [[Specialty chemicals]]
* Real Estate


AECI's principal manufacturing sites are located in the following cities in South Africa:
AECI's principal manufacturing sites are located in [[Johannesburg]] (mining solutions and specialty chemicals), [[Sasolburg]] (specialty chemicals), [[Durban]] (specialty chemicals) in South Africa.
* [[Johannesburg]] (mining [[solution]]s and specialty chemicals)
* [[Sasolburg]] (specialty chemicals)
* [[Durban]] (specialty chemicals).


AECI is a specialty product and services group of companies which claims to provide "value-adding [[solution]]s 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.
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<!--WHICH TWO YEARS ARE THOSE??-->.
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<!--WHICH TWO YEARS ARE THOSE??-->.


AECI’s core businesses serve both global and regional markets. <!--PLEASE REWRITE THE NEXT SENTENCE IN PLAIN ENGLISH. I HAVE NO IDEA WHAT IS BEING SAID!!They are characterised by application know-how and service delivery, operate in niche markets, and are supported by leading international technology alliances.-->
AECI's core businesses serve both global and regional markets. <!--PLEASE REWRITE THE NEXT SENTENCE IN PLAIN ENGLISH. I HAVE NO IDEA WHAT IS BEING SAID!!They are characterised by application know-how and service delivery, operate in niche markets, and are supported by leading international technology alliances.-->


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 in Brazil.
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 in [[Brazil]].


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.
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.<ref>{{Cite web |date=2022-03-02 |title=AECI LIMITED – Summarised audited financial results, Board change and cash dividend for the year ended 31 December 2021 - SENS |url=https://www.moneyweb.co.za/mny_sens/aeci-limited-summarised-audited-financial-results-board-change-and-cash-dividend-for-the-year-ended-31-december-2021/ |access-date=2022-04-21 |website=Moneyweb |language=en}}</ref>


At the end of 2007, AECI had 6000 employees<!--ANCIENT DATA!! IT IS NOW APRIL 2013!!!!!-->, many of whom are engaged in the Group's sales, technical service and distribution networks.
At the end of 2007, AECI had 6000 employees<!--ANCIENT DATA!! IT IS NOW APRIL 2013!!!!!-->, many of whom are engaged in the Group's sales, technical service and distribution networks.<ref>{{Cite web |title=AECI Limited Vacancies 2022 - Careers24 AECI Limited Jobs |url=https://indeedjobs.co.za/aeci-limited-vacancies/ |access-date=2022-04-21 |language=en-US}}</ref>


==Company structure==
==Company structure==
The AECI group of companies consists of:
The AECI group of companies consists of:
* [[African Explosives|African Explosives Limited]]
* [[African Explosives|African Explosives Limited]]
* Chemical Services Limited
* Improchem (Pty) Limited
⚫
* Chemical Initiatives (Pty) Limited
* DetNet ([[Proprietary limited company|Pty]]) Limited
* DetNet ([[Proprietary limited company|Pty]]) Limited
* Acacia
⚫
* Heartland Properties (Pty) Limited
* SANS Fibres (Pty) Limited
* SANS Fibres (Pty) Limited

== See also ==
*[[List of companies traded on the JSE]]
*[[List of companies of South Africa]]
*[[Economy of South Africa]]

==References==
{{Reflist|30em}}


==External links==
==External links==
*[http://www.africanfinancials.com/Report.aspx?afr_year=2010&CountryDOMAIN=za&CshortName=AFE AECI Annual Report 2011]
*[https://web.archive.org/web/20120330223925/http://www.africanfinancials.com/Report.aspx?afr_year=2010&CountryDOMAIN=za&CshortName=AFE AECI Annual Report 2011]
*[http://www.aeci.co.za/ AECI website]
*[http://www.aeci.co.za/ AECI website] {{Webarchive|url=https://web.archive.org/web/20190111131458/http://www.aeci.co.za/ |date=2019-01-11 }}
*[http://www.detnet.com DetNet website]
*[http://www.detnet.com DetNet website]


{{Witwatersrand companies}}
⚫
[[Category:Companies based in Johannesburg]]
{{Authority control}}

[[Category:Companies listed on the Johannesburg Stock Exchange]]
[[Category:Companies listed on the Johannesburg Stock Exchange]]
⚫
[[Category:Manufacturing companies based in Johannesburg]]

Latest revision as of 04:00, 5 February 2024

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 African chemicals group and is listed on the JSE Securities Exchange.

History

[edit]

The company was registered as African Explosives and Industries (AE&I) in 1924, with its headquarters in Johannesburg.[1][2] It was formed as the result of a merger between the South African interests of Nobel Industries of the United Kingdom and the manufacturing arm of De Beers Consolidated Diamond Mines of Kimberley. The company's primary purpose was to provide blasting explosives and detonators to South African gold and diamond mines but AE&I was also the only South African producer of phosphatic fertilizer. In 1944 the company was renamed as African 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 in Johannesburg (mining solutions and specialty chemicals), Sasolburg (specialty chemicals), Durban (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 in Brazil.

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

[edit]

The AECI group of companies consists of:

See also

[edit]

References

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