AECI Celebrates 100 Years of Industry Leadership
AECI, a global leader in mining explosives and chemicals, celebrates 100 years of innovation, growth, and impact. As the company marks its centenary, it reflects on its rich past while charting an ambitious course for the next century.
From its pioneering days in the explosives industry in South Africa to its current stature as a formidable force on the global arena, AECI has continually evolved, driven by a commitment to excellence and a vision for the future. With a presence spanning 22 nations and a workforce of over 7 500 dedicated individuals, AECI’s journey epitomises a century of trans formative growth and resilience.
Into the Future
Group CEO, Holger Riemensperger, shares insights into AECI’s ambitious strategy for the future: “Our recently unveiled strategy sets the stage for AECI to become a global top three player in its industry by 2030. Through operational excellence and a disciplined approach to capital allocation, we aim to double the EBITDA of our core mining and chemicals business by 2026.
“These capabilities are central to the sustainable and profitable growth of AECI, coupled with strategic divestments from non-core businesses.”
AECI Mining will remain the cornerstone of the group’s growth strategy, with plans to even further expand into key regions such as Asia-Pacific, South America, and North America. Riemensperger says the strategy is premised on ensuring that the combined group is structured in a manner that enables it to unlock value in the near term; delivering operational and executional excellence through focusing on AECI’s core businesses and existing strengths while ensuring a disciplined approach to capital allocation and execution.
“We believe that in this way the company is better positioned to navigate the changing environment and positioned for strong growth in the future. The group management structure has also been adjusted to reflect the changes in the business and to drive empowerment, accountability and quick decision making.”
Today we celebrate by returning to the JSE where we were listed in 1966, with our ticker symbol (also called a stock symbol) AFE, unchanged since then. Our first registered address was the National Union of Mineworkers building in Johannesburg city centre. As we open the day’s trade, we mark 100 years of fortitude and success.
A Legacy of Innovation
Dr. Khotso Mokhele, Chairman of AECI, remarks on the significance of the centenary: “Throughout AECI’s century-long journey, our commitment to South Africa’s mining industry has been unwavering. Our enduring legacy of innovation, safety and societal impact underscores our deep-rooted commitment to South Africa’s development and prosperity.”
Throughout its history, AECI has achieved numerous milestones, including ground-breaking technological advancements and strategic acquisitions, leaving an indelible mark on the industry. From its foundational role in South Africa’s explosives sector to its expansion into international markets, each milestone underscores the company’s legacy of leadership and innovation.
Innovation is at the heart of AECI’s operations, driving continuous improvement and setting new industry standards. Mokhele says: “Through a culture of research and development, AECI has consistently introduced cutting-edge technologies and solutions that enhance efficiency, productivity and sustainability in mining operations.
“From revolutionary explosives formulations to environmentally friendly chemical processes, AECI’s innovative approach has not only propelled its own growth but has also revolutionised the broader mining industry, paving the way for safer, more sustainable practices.”
Global Growth
AECI’s commitment to safety in mining operations goes beyond business objectives; it is deeply ingrained in the company’s ethos. For over a century, AECI has played a pivotal role in ensuring the safety and security of global mining operations.
By providing innovative explosives and chemicals solutions, coupled with comprehensive safety protocols and training, AECI has become synonymous with safe and responsible mining practices. This commitment not only safeguards the well-being of miners but also contributes to the sustainable development of the mining industry, enhancing South Africa’s reputation as a global mining hub.
