https://www.engineeringnews.co.za
Africa|Business|Explosives|Industrial|Mining|Systems
Africa|Business|Explosives|Industrial|Mining|Systems
africa|business|explosives|industrial|mining|systems

Transformed AECI to go big globally

AECI CEO Holger Riemensperger

AECI CEO Holger Riemensperger

7th February 2024

By: Rebecca Campbell

Creamer Media Senior Deputy Editor

     

Font size: - +

JSE-listed South African multinational AECI aims to be the global number three company in its core market segment of mining explosives and mining chemicals, by 2030. Of the company’s business, 80% is already outside South Africa and 30% is outside Africa, CEO Holger Riemensperger emphasises to Mining Weekly. “In terms of our capabilities, our customers tell us that we’re already in the top tier group.”

“We developed a new business strategy and a new business model,” he reports. “We are currently a diversified industrial chemical company. We no longer wish to be that. We have decided to make the mining market our core business focus, with explosives and detonators (including electronic systems) and with our chemicals business being reshaped to focus mainly (although not exclusively) on mining.”

The group is being reorganised into a corporate structure with two divisions, namely mining (which will be 80% of the business) and chemicals. Of the 16 companies that currently make up the group, eight are going to be deinvested in a phased manner. Six of these will be put up for sale over the next 12 to 18 months. The remaining companies will be absorbed into the two new divisions.

The cash generated by these disposals will be reinvested into the group’s global mining business. Currently, the company’s main focus outside of Africa is Asia-Pacific, but it is seeking to expand into South America (where it has already established a footprint in Brazil) and then into North America (Canada and the US).   

Riemensperger was brought in as the new CEO, from outside the group, in May last year. He was appointed to lead a major shake-up of AECI, which the board had decided had become necessary, owing to external and internal developments.

Following Riemensperger’s appointment, an almost wholly new Executive Committee was appointed. Only one person from the previous committee was retained. The current committee is composed of 50% outside appointments and 50% of promoted long-term AECI insiders.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (04/10/2024)
4th October 2024 By: Martin Creamer
Magazine round up | 04 October 2024
Magazine round up | 04 October 2024
4th October 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.08 0.192s - 171pq - 2rq
Subscribe Now