as jse afe founded 1924 key people schalk engelbrecht chairman mark dytor ceo revenue r 16 900 million 2014 1 operating income r 1 596 million 2014 1 number of employees 5203 2014 2 website www.aeci.co.za aeci limited jse afe is a south african chemicals group and is listed on the jse securities exchange . contents 1 history 2 company structure 3 references 4 external links history edit 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 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 . the aeci group operates companies in the following market segments mining solutions explosives and initiating systems specialty fibres specialty chemicals real estate aeci s principal manufacturing sites are located in the following cities in south africa johannesburg mining solutions 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 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 . at the end of 2007 aeci had 6000 employees many of whom are engaged in the group s sales technical service and distribution networks . company structure edit the aeci group of companies consists of african explosives limited chemical services limited detnet pty limited heartland properties pty limited sans fibres pty limited references edit a b reviewed condensed consolidated financial results final cash dividend declaration and special cash dividend declaration pdf . aeci.co.za . retrieved 22 september 2015 . integrated report 2014 pdf . aeci.co.za . retrieved 22 september 2015 . external links edit aeci annual report 2011 aeci website detnet website retrieved from https en.wikipedia.org w index.php title aeci & oldid 742006200 categories companies based in johannesburgcompanies listed on the johannesburg stock exchange navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 1 october 2016 at 02 28 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view