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R/$ = 12.67 Change: 0.02
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Pt 900.00 $/oz Change: 21.05


AECI mining division reports improved operating profit

By: Megan van Wyngaardt     27th February 2018 Explosives and specialty chemicals group AECI's mining solutions segment's revenue declined by 2.2% to R9.7-billion in the year ended December 31, owing to lower ammonia prices and a stronger rand against the dollar - more than 50% of revenue in this segment is dollar based. Profit from... 

AECI posts record HEPS for FY17

By: Megan van Wyngaardt     27th February 2018 Explosives and specialty chemicals group AECI on Tuesday reported its highest recorded headline earnings per share (HEPS) to date, at 959c, for the financial year ended December 31. HEPS were up 17% year-on-year, while earnings a share increased by 22% year-on-year to 900c. 

AECI acquires Imperial’s Schirm in R1.8bn deal

By: Natasha Odendaal     8th November 2017 AECI’s wholly-owned subsidiary AECI Mauritius has reached agreement to acquire Imperial Chemical Logistics’ (ICL’s) wholly-owned contract agrochemical and fine chemical manufacturing subsidiary Schirm for €110.5-million, or R1.8-billion. The deal forms part of AECI’s international expansion... 

AECI acquires Much Asphalt for R2.27bn

By: Anine Kilian     30th October 2017 JSE-listed AECI will acquire South African asphalt producer Much Asphalt for R2.27-billion.  “Much Asphalt has a market leading position with long-established customer relationships, a robust order book and project pipeline, and a highly-experienced management team,” AECI said in a statement on... 

AECI invests in US-based startup

By: Anine Kilian     24th July 2017 Specialty chemicals group AECI has invested $5-million in California-based startup Origin Materials to support the development of renewable technologies. Origin Technologies has pioneered the development of bio-based chemicals, which can be processed into many products for application in global... 

One-off items impact AECI’s top-line performance in FY16

By: Anine Kilian     28th February 2017 JSE-listed AECI on Tuesday said its core operating segments, explosives and specialty chemicals, have delivered “commendable” performances in 2016, despite a difficult domestic and global trading environment. Group revenue grew by 1% year-on-year to R18.6-billion for the 12 months to December 31,... 

Clover expands product offering through acquisition of olive oil manufacturer 

By: Megan van Wyngaardt     16th January 2017 JSE-listed Clover has acquired the Olive Pride business from Southern Canned Products (SCP), which is a wholly-owned subsidiary of explosives and specialty chemicals company AECI. SCP will dispose of Olive Pride to the newly formed Clover Pride, in which Clover South Africa holds 51% and AECI the... 

Schalk Venter

21st October 2016 This week we feature Schalk Venter, CEO of African Oxygen, an industrial gases and welding technologies company 

AECI reports lower H1 earnings, higher revenue

By: Anine Kilian     26th July 2016 Specialty chemicals and explosives manufacturer AECI on Tuesday reported higher revenue, but lower earnings a share for the six months ended June 30. Headline earnings per share (HEPS) fell 48% year-on-year to 293c, while earnings a share (EPS) decreased 50% year-on-year to 292c. 

AECI H1 earnings rise 45% on bulk property sale

By: Megan van Wyngaardt     28th July 2015 Explosives and specialty chemicals company AECI’s R400-million bulk property sale, in Somerset West, paired with a maintained market share, despite a difficult environment, pushed its headline earnings for the six months to June 30, up 45% to R632-million, compared with R436-million in the first... 

AECI grows its agrochemicals footprint in Africa

By: Creamer Media Reporter      22nd June 2015 South African explosives and specialty chemicals group AECI has entered into an agreement to acquire Malawi-based agrochemicals, seeds and spraying equipment distributor Farmers Organisation Limited (FOL) from Rendale Holdings for an undisclosed amount. This formed part of AECI’s strategy to... 

AECI grows food additives and ingredients business with SCP acquisition

By: Tracy Hancock     26th May 2015 South African chemicals group AECI has entered into an agreement to acquire Southern Canned Products (SCP) for an undisclosed amount, complementing its Lake Foods division and its strategy to grow its Food Additives and Ingredients business in South Africa and, ultimately, the rest of Africa.... 

New waste disposal system developed by Necsa 

By: Creamer Media Reporter      5th March 2015 The South African Nuclear Energy Corporation, better known as Necsa, displayed a demonstration unit of a new waste disposal system at the recent Innovation Bridge event in Pretoria. Keith Campbell was there.  

Resources Watch  

By: Creamer Media Reporter      5th March 2015 This week: Implats moves to power its platinum refinery with platinum fuel cells. A property sale provides profitability impetus for AECI. And, AngloGold Ashanti is in mass meetings with workers ahead of wage talks. 

AEL leans on coal, iron-ore

By: Natasha Odendaal     28th October 2014 As strikes in South Africa’s mining space, particularly within underground operations, weigh on AECI during 2014, the JSE-listed group has moved to lean more on the coal and iron-ore sectors to bolster the group’s bottom line. Speaking at an investor day at AECI’s Woodmead offices, on Tuesday,... 

AEL eyes Australian market for growth

By: Natasha Odendaal     29th July 2014 AECI’s explosives arm AEL has branched out into Australia as it teams up with undisclosed customers for the supply of explosives into this new market. An AECI office had been established in Brisbane, while preparations were under way to ship a bulk emulsion plant from South Africa to an operating... 

Global megatrends will drive increased merger and acquisition activity in the African chemicals sector, says Deloitte

8th May 2014 Water scarcity and demand for food are the key global megatrends driving merger and acquisition activity in the African chemicals industry, particularly in the vital water treatment and agrochemicals sectors. This is the view of Deloitte Sub-Saharan Africa Chemicals and M&A leaders considering... 

Steadying SA mining sector bolsters AECI’s FY earnings

By: Natalie Greve     25th February 2014 Increased demand for chemical explosives by the South African mining sector drove speciality group AECI’s earnings for the year ended December 31 northwards, pointing to a stronger minerals industry than that of 2012. However, strikes in the platinum mining industry this year had already impacted... 

AECI’s ImproChem to acquire Clariant water business for R409m

By: Leandi Kolver     11th February 2014 JSE-listed speciality chemicals group AECI on Tuesday announced that its wholly-owned subsidiary ImproChem would acquire Clariant Southern Africa’s water treatment business in Africa as well as its Southern African assets for a total cash consideration of R409-million. A 50% shareholding in... 

AECI property sale to Chinese developer to facilitate cash flow into SA 

By: Tracy Hancock     5th November 2013 The disposal of the bulk of South Africa-based explosives and chemicals company AECI’s surplus property assets in Modderfontein, Gauteng, for over R1-billion is expected to generate R14-billion in direct and indirect benefits for the national economy over a 15-year project life cycle. 

AECI continues acquisitions, progresses projects

By: Natasha Odendaal     24th July 2013 Industrial chemicals and explosives manufacturer AECI would work “furiously” to pursue acquisitions in the rest of Africa and South America, CEO Mark Dytor said on Wednesday. The JSE-listed group, which was currently in talks for four or five undisclosed potential acquisitions, noted that about... 

AECI to buy animal feed additive producer SA Premix

By: Natalie Greve     11th July 2013 In line with its strategy of growing its value-adding specialty product and service offering to Southern Africa’s food production sector, chemicals group AECI on Thursday announced its intention to acquire animal feed company SA Premix. “AECI subsidiary Chemfit already provides the livestock... 

AECI would work to return AEL to profitability – incoming CEO

By: Idéle Esterhuizen     26th February 2013 South African chemicals and explosives producer AECI would, in the year ahead, focus on improving the operational performance of its explosives business AEL Mining Services, the company’s incoming CEO Mark Dytor said on Wednesday. At the group’s results presentation for the year ended December... 

AECI names new CEO as Edwards retires

28th November 2012 JSE-listed explosives and specialty chemicals company AECI on Wednesday announced Mark Dytor as its new CEO, effective March 1. Dytor would take over the position from Graham Edwards, who is retiring next year after five years at the helm of the group. Edwards would remain at AECI until... 

AECI focuses growth on Mozambique, West Africa

By: Idéle Esterhuizen     25th July 2012 Industrial chemicals and explosives manufacturer AECI was assessing more opportunities for its explosives business AEL Mining Services in Mozambique and West Africa, CEO Graham Edwards said Wednesday. This formed part of AECI’s growth strategy in the rest of Africa and further afield. 


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