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New Funding Announcement

New Funding Announcement

Buyer financing division

October 30, 2020

Elevate Export Finance corp. News, Oct. 30 - Canadian exporter, Husky Injection Molding Systems expands its long-term customer relationship (Petpolymers) with additional Elevate Export Financing loan.

Elevate Export Finance corp. (Elevate) is pleased to announce new funding for Husky Injection Molding Systems (the exporter) existing customer sale of a cold half mold upgrade system, with express conversion, to Petpolymers (the buyer). Elevate and Husky who have a strong and growing partnership, is proud to be supporting the continued growth of this expanding relationship between the companies.

Petpolymers a Brazilian company, based just outside of the capital, produces products for a diverse range of suppliers selling mineral water, personal hygiene and general food and beverage. With a sustainable focus, the company is known for reducing waste through recycling and preserving the environment. The purchase of new ‘upgrade’ equipment from Husky will increase their capacity by reducing down-time, and enable them to meet growing demand. For Husky, this transaction enables them to expand its existing customer relationship with new and innovative technology.

Elevate provided the financing for Husky and Francisco Garica, head of business development for Elevate said, “this is another wonderful story for Elevate and Husky. This 3-year, unsecured loan further cements this relationship between these two companies and the advancing technology of Husky provides further opportunity for all parties involved.”

Based in Ontario, Canada, Husky is a global leader providing innovative industrial technology to the plastics processing industry. Offering a full, end to end solution, Husky designs, manufactures and integrates its solutions to integrate its range of injection molding equipment, which includes machines, molds, hot runners, auxiliaries and integrated systems. Husky provides additional value-added services which includes, pre-form development, part design, factory planning, customer training, systems integration and complete asset management. The company has 40 offices and 4,000 people in 100 countries. (Kevin Fairs)

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