Mitsubishi HC Capital America announced a strategic relationship with the Seismic Group, a US-based leader in sustainability, supply chains, logistics, and procurement and PulPac, the technology owner and licensor of packaging comprised of dry molded fiber. The arrangement allows the companies to focus their efforts on reducing plastic pollution by promoting the use of advanced, patented processes to create paper packaging.
More specifically, Mitsubishi HC Capital America and the Seismic Group will provide lease and finance programs that further the adoption of the dry molded fiber technology, developed and owned by Swedish-based PulPac. Mitsubishi HC Capital America allows PulPac customers to secure financing solutions for the equipment needed to manufacture PulPac’s dry molded fiber products. The Seismic Group is also PulPac's North American business development partner and works with packaging manufacturers and brands to develop sustainable and cost-effective fiber products.
“Sustainability is a core initiative and major focus for Mitsubishi HC Capital America,” said Jim Freund, EVP and President, Vendor Solutions. “As businesses rethink their entire packaging model with sustainability and efficiency as a priority, our work will bring the expertise, technology and financing together to ensure a successful transition.”
The Seismic Group’s consultative, solutions-based approach in tackling sustainability challenges in the manufacturing sector are aided by PulPac’s innovative packaging expertise. Their pioneering technology is designed to produce cost-efficient, high-performance, fiber-based packaging that achieves significantly less water and energy consumption in the manufacturing process, reducing CO2 by up to 80%.
“Working with Mitsubishi HC Capital America represents the best of sustainable financing and manufacturing acumen,” said Seismic Group Managing Director, Kent Dahlgren. “Businesses need to be innovative to remain competitive. Sustainable manufacturing and products are quickly becoming a necessity, and this allows companies to benefit from our forward-thinking services, as well as Mitsubishi HC Capital America’s long-standing financing expertise and market leading position in financing this type of equipment.”
"Implementing new technologies is a big undertaking for any business, and we are pleased to now offer our customers financing alternatives for their investment in our technology," said Viktor Borjesson, Chief Operating Officer at PulPac. "Dry molded fiber has the potential to move the needle in packaging, and together with Mitsubishi HC Capital America and the Seismic Group, we can drive innovation and sustainability by accelerating the adoption of dry molded fiber."