South Africa’s biggest explosives-maker greenlights R900 million investment

• AECI, South Africa's biggest explosives-maker, is greenlighting a R900 million investment to modernise its Modderfontein facility.
• The investment aims to improve efficiency and utilisation levels at the facility, which has faced operational challenges in the past, including 16 major power disruptions and supply shortages of lead azide.
• The investment is expected to take place over three to four years and will support AECI's position in its core African markets and expansion into the Asia-Pacific region.