Founder returns to ownership at Mining Equipment Maintenance

Mining Equipment Maintenance is looking to the future, after its founding member, Paul Waardyk, has returned to ownership.

The Morning Bulletin reports that MEM, which deals in mining equipment repair and maintenance (as its name suggests) is aiming to grow again, with Waardyk – who returned to the company six weeks ago – untroubled by talk of the mining slowdown.

“We are standing on our own two feet again, and looking forward,” he told the Bulletin.

Around 40 people are currently employed at the business’s Parkhurst plant.

As reported by Australian Mining in July, 90 jobs were cut at MEM in Rockhampton, and 10 at MEM Engineering in Mackay. These were part of DPS Group, a service and supply group, which acquired MEM in 2008 and fell into receivership.  

Waardyk said that the company would look to medium vehicles and fabrication as their priority, as well as to larger vehicles.