Modern Quarrying January-February 2016

NEW EQUIPMENT PRODUCTS & SERVICES

Smart financing solution Komatsu South Africa and leading asset rental specialist RentWorks have forged a strategic alliance set to significantly benefit customers in the local capital equipment market. Known as KomRent, the newly-formed division provides a suite of dynamic funding solutions that give customers access to state- of-the art Komatsu equipment without adversely affecting their cash reserves. “KomRent represents our response to tough market condi-

The KomRent solution affords client’s the ability to spread pay- ments over the useful life of the asset. This enhances cash flow; and the client still maintains control with flexible end of term options.

www.komatsu.co.za www.rentworks.co.za

From left: Michael Bolland, CFO Komatsu South Africa; Trevor Cronje, CEO RentWorks; and Deon van Wyk GM Sales, Wesbank.

tions and a shift in the purchasing strategies of customers in the mining and construction industries. Today’s customers need more flex- ible funding options and we believe that this new partnership offers them the intelligent and cost-effective solutions they need,” says Komatsu GM, Sales and Marketing, Mike Helm. RentWorks, a FirstRand Group Company, finances more than R3-billion in assets for more than 400 organisations, across a range of indus- tries and asset types. KomRent is a residual-based rental provider that enables businesses to acquire equipment for an optimum period at the most cost-effec- tive rate. Komatsu buyers will now be able to procure their Komatsu equipment without hav- ing to outlay huge amounts of cash up front.

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MODERN QUARRYING

January - February 2016