Windhoek Maschinenfabrik (1998) (Pty) Ltd is a Namibian Registered Company (Co. Reg. No. 98/325). Established in 1939, the company was taken over by the Government of Namibia in 1998 and is operating as a wholly owned commercial arm and subsidiary of the August 26 Holding Company (Pty) Ltd, an undertaking of the Ministry of Defense.
PLE COLLECTIVE PROSPERITY
The long-term success of any organization can be determined by how closely and effectively its people work as one. That is why at WMF we emphasize collective vision and direction in everything we do. We recognize that in order to grow the wealth of our company, our employees and our shareholders, we all need to be unified in terms of where are going and how we will get there. This philosophy trickles down to the way we do business with all our clients and partners.
Specialists in modern machinery
While our previous corporate focus was on the defense sector, our new brand direction aims to also deliver immense value to the agriculture and engineering sectors within Namibia. We have heavily invested in renovations to our existing factory space in the Southern Industrial area of Windhoek. This 3,000 sqm, facility houses some of the best engineering talent in the country and is backed by stringent quality controls to ensure a consistent level of output, every time. Trailers are one of the things we build well.
MISSION
To produce high quality metal products and innovative technical services
VALUES
FLEXIBILITY – WMF will be highly responsive to market demands and will always align the business to the contemporary demands of the market
SAFETY – We adopt a zero-tolerance policy to injury in the workplace. Employee wellness is a critical enabler of productivity hence safety of our staff and customer is central to our business model
SUSTAINABILITY – We aim to build a business that outlives the generation ensuring that decision made today will enhance the business tomorrow
TEAMWORK – We all belong to the WMF family and each one’s contribution is linked to the other. Working together is thus necessary to delivering on our mandate
INNOVATION – We endeavor to provide cutting-edge products and services to our customers
VISION
To be a leading metal fabrication and technical servicing company
TURNAROUND STRATEGY
Windhoeker Maschinen Fabriek corporate strategy 2020 – 2025 sets out a strategy to reposition the company to become a leading company in the provision of metal fabrication products, services and technical servicing of vehicles and equipment. The overall strategic planning process included an analysis of the macro and micro environment, including an in-depth analysis of the company’s capabilities. A market analysis as well as key stakeholder analysis was carried out. Key strategic drivers and constraints were identified.
The environmental scanning and “as is” analysis revealed that WMF is technically insolvent and requires a turnaround strategy and a capital injection in order to restore operations and build a strong foundation for recovery. Central to strengthening the balance sheet of WMF is the decision that will need to be taken by August 26 Holdings to write off the N$32.7 Million debt that has accrued .This would be a strategic move meant to reduce the degree of WMF indebtedness which will make their balance sheet better. The macro analysis revealed a depressed economy that is currently in recession. This has implications on the turnaround strategy as targets are conservative in order to align to the difficult macro-economic environment.
