Local car assembler, Willowvale Mazda Motor Industries (WMMI) has resumed operations after months of viability constraints which had forced the company to suspend operations.
The car manufacturing concern which halted operations at the beginning of the year is now back on track after it recently acquired fresh capital and cleared the US$4 million arrears owed to a Japanese supplier.
WMMI Managing Director, Engineer Dawson Mareya expressed optimism that the company which is in the process of implementing a short term resuscitation plan will soon increase production to above the current 10%.
â€œI am glad to announce that we have since resumed operations here at Willowvale Mazda Motor Industries. We recently acquired loans from local financial institutions with part of the money used in clearing the arrears owed to our supplier,â€ said Eng Mareya.
Currently the company is working on a production output of 80 units per month and is only assembling the BT 50 range.
Eng Mareya bemoaned lack of capacity on the local market to absorb vehicles owing to liquidity challenges and lack of mortgages.
Governmentâ€™s recent announcement on the ban of second hand vehicles is however set to breathe life into the company and it comes at the opportune time when the firm has resumed operations.