History
100+ Years of Innovation
A legacy of innovation, impact, and industrial leadership
For more than a century, AECI has played a defining role in South Africa’s industrial, mining, and manufacturing landscape. What began as a specialised supplier to the mining industry has evolved into a globally recognised group of businesses operating across chemicals, mining, water, agriculture, and food ingredients—delivering solutions that enable safer operations, improved productivity, and more sustainable outcomes.
1924

Birth of an Industrial Giant
African Explosives and Industries Limited is registered following the amalgamation of Nobel’s South African interests and De Beers Consolidated Mines, establishing what was then the largest commercial explosives factory in the world.
1931

A New Era of Leadership
Sir Ernest Oppenheimer is appointed Chairman of African Explosives and Industries Limited, guiding the business into a new era of industrial growth, modernisation, and strategic leadership.
1932

Advancing Chemical Innovation
Production at the No. 1 Ammonia Plant commences, positioning the company at the forefront of global explosives and chemical technology with advanced manufacturing capability.
1933

Breakthrough in Explosives
A new ammonium nitrate explosive is successfully tested, marking an important advancement in product development and strengthening the company’s reputation for innovation.
1944

AECI Name Adopted
The company is renamed African Explosives and Chemical Industries Limited, with research and development consolidated at Pinelands in the Western Cape to support scientific excellence.
1957

Precision Delay Systems Introduced
AECI introduces capability for sequential delay timing in capped fuse and igniter cord systems, improving blasting accuracy and ushering in more controlled mining operations.
1959
Dynagel Gains Global Recognition
Dynagel, a low-nitroglycerin, water-resistant explosive, is introduced and quickly attracts global attention for its performance, safety profile, and technical reliability.
1960

First Urea Plant in Africa
The continent’s first urea plant opens at Modderfontein, supplying essential inputs to the agricultural sector and expanding the company’s footprint in chemical production.
1961

Safety Fuse Production Commences
The manufacture of black powder and BGP safety fuse begins at Modderfontein, marking an important milestone in the localised production of critical initiation systems.
1962

Workforce Reaches New Milestone
Employee numbers rise to 13,515, with historical estimates indicating that around one million people had been employed by the company over its first 67 years.
1963
Revenue Surpasses ZAR100m
Annual group revenue exceeds ZAR100 million for the first time, while Somerset West produces its inaugural pentolite booster, expanding local manufacturing capability.
1966
Listed on the Johannesburg Stock Exchange
AECI is listed on the JSE under the trade code AFE, strengthening investor confidence and supporting long-term expansion.
1967

PETN and New Ammonia Plant
Modderfontein begins producing PETN and detonator cord, while the No. 3 Ammonia Plant and an ancillary urea facility come online in KwaZulu-Natal.
1968
Slurry Explosives Innovation
Sinex slurry explosives and on-site mixing techniques are developed, marking a major shift in surface mining technology and operational flexibility.
1971
Fuse Head Manufacturing Begins
Fuse head production is launched, allowing the company to become fully self-sufficient and no longer reliant on imported components.
1972
AE&CI Name Introduced
The company is renamed AE&CI Ltd to support improved access to international investment markets and facilitate broader financial participation.
1974

New Nitrogen Complex Completed
A large-scale nitrogen complex, known as the No. 4 Ammonia Plant, is constructed at Modderfontein, expanding the company’s chemical processing capability.
1976
Renamed AECI Limited
The company adopts the name AECI Limited, marking a new chapter in its evolution and aligning its identity with its expanding industrial focus.
1978

First Emulsion Patent Filed
AECI files its first patent for emulsion explosives, reinforcing its leadership in explosive technology and paving the way for future innovations.
1980

Narrow Reef System R&D Begins
Research into the narrow reef assembly shock tube system begins, laying the groundwork for technology that would support complex underground mining.
1982

Major Expansion and New Systems
A new explosives factory opens at Mankwe near Rustenburg; Powergel bulk emulsion is introduced to the surface mining sector; and non-electrical initiation systems are launched.
1983

Additional Manufacturing Capability
Mankwe comes fully online for safety fuse production, while the No. 3 Ammonia Plant is mothballed due to economic pressures created by the OPEC oil crisis.
1989

Emulsion Gassing Technology
AECI introduces chemical gassing sensitisation technology for emulsion explosives, improving performance, stability, and application range.
1993
Restructuring of Ownership
ICI exchanges 25% of its shares in AECI Ltd for a 51% stake in the newly formed AECI Explosives Ltd, restructuring ownership and strategic alignment.
1996

Century of Modderfontein Production
AECI celebrates 100 years of continuous explosives production at Modderfontein, marking a major industrial and historical milestone.
1998
Full Ownership Restored
AECI exercises its pre-emptive option to repurchase ICI’s 51% shareholding in AECI Explosives Ltd, regaining complete ownership of the business.
2000

Closure of No. 4 Ammonia Plant
After more than two decades of operation, the No. 4 Ammonia Plant at Modderfontein is decommissioned as part of portfolio optimisation.
2003
DetNet Joint Venture Established
AECI and Dyno Nobel Norway form a joint venture, DetNet, to accelerate the development of advanced electronic initiation systems.
2004
Broad-Based Investment Partnership
Tiso Group acquires a 25.1% stake in AEL, supporting transformation objectives and long-term strategic growth.
2006

ISAP Detonator Plant Launched
The ISAP plant becomes operational, producing its first detonator and expanding the company’s advanced manufacturing capability.
2015
Expansion into Food Ingredients
AECI acquires Southern Canned Products, strengthening its presence in the food and beverage sector and diversifying the portfolio.
2018

International Growth Accelerates
AECI acquires Schirm, with operations in the USA and Germany, and Much Asphalt in South Africa, advancing its global expansion strategy.
2020
AECI Water Introduced
ImproChem is rebranded as AECI Water, aligning the business under a unified identity and clarifying its value proposition.
2023
New Group Strategy Announced
AECI unveils a refreshed strategy focused on mining explosives and chemicals, targeting doubled EBITDA by 2026 and a global top-three position by 2030.
2024

AECI Centenary Celebrated
AECI celebrates 100 years on 21 March 2024, marking a century of innovation, industrial leadership, and global impact.

