Koya Marine to quit Australia
Australian arm of Koya Marine cites economic downturnKoya Corporation will be closing its Australian Marine division over the next three months and concentrating on its core business of car wheels in Australia.
A decision was made in August by the National Manager, Carlo Marchese, and the Director of KOYA Marine division, Jerry Chen, to withdraw the Koya range of boats from the Australian marine market.
The company said the decision is due to the global economic downturn and pressures, which have affected the marine industry, including Koya sales in Australia during the last 12 months.
Koya said its range of boats will still be available to interested parties, but via the factory's head office located in Shanghai, China.
"All boats sold in the Australian market in the last two years through our dealer network will retain their full warranty under the Koya banner," said the company.
"Koya have not discounted the option of coming back to the Australian market at a later stage. The current action is a commercial decision that needed to be made."
Marchese left his role as Australian National Manager at the end of August, but will oversee the closing down of the marine division operations to the end of November, said Koya.
For more information, phone: (07) 3344 1137 or see the Koya website.
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