Automotive group Motec Holdings has clinched a franchise to distribute heavy machinery supplied by Japanese company Komatsu. Speaking at the launch of Motec Heavy Machinery Company at the ongoing Mining, Engineering and Transport exhibition in Bulawayo on Wednesday, the company's chairman, Mr Marsden Sibanda, said Motec Heavy Machinery Company - which started operations in April - would sell Komatsu mining and construction equipment.
He said the Komatsu brand was well known and had a reputation for of success.
He said the Zimbabwean economic environment was set to improve and Motec wanted to be prepared for the upturn.
Mr Sibanda said most of the heavy equipment in the country was obsolete and stalling mining operations.
"Aged equipment is a cause for concern as it stalls business. As Motec we are ready to change the mining industry by offering extensive product support that will benefit all of us," said Mr Sibanda.
The company's general manager, Mr Farai Matina, said with the prevailing economic conditions in the country, they had to be extra-creative and aggressive to establish mutually beneficial relationships with mining companies.
He said they were also looking at new ways to improve operations so that the mining industry will continue to be viable.
Komatsu Southern Africa general manager for operations Mr Dave Sykes, who is based in South Africa, said Motec was selected from a list of four applicants.
He said although the company had operations in Zimbabwe before, it decided to redefine its presence in 2010 by seeking a new partner.
He said Komatsu Southern Africa was responsible for most of the countries in the region.
Motec Holdings is a subsidiary of the Industrial Development Corporation and owned 75 percent by the IDC and 25 percent by Itochi Corporation of Japan.