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New Funding Announcement

Buyer financing division

December 15, 2020

Elevate Export Finance corp. News, December.15 - Canadian exporter, Husky Injection Molding Systems expands its export business to Brazil with help from Elevate Export Finance corp.

Elevate Export Finance corp. (Elevate) is pleased to announce new funding for Husky Injection Molding Systems (the exporter) seven-figure customer sale of a new Hypet production system and three molds to Viscotech Ind e Com de Plásticos Técnicos Ltda (the buyer).

Elevate, worked closely with Husky to support the company in the face of strong European competition. Brazil is also a strategic growth market for Husky and this new sales opportunity is an important step for its development and continued growth in the region.

Viscotech is a Brazilian based company, which specializes in the full transformation of bottle production from recycled plastic. They recycle and produce plastic packaging in different industry sectors including, food, beverage and cleaning. Viscotech counts Unilever and Danone as key customers. The purchase of new equipment from Husky will increase their capacity and enable them to meet growing demand.

Elevate provided critical and timely financing for Husky, which enabled them to secure the sale in the face of stiff European competition.

Francisco Garica, head of business development for Elevate said, “in the face of stiff competition, we are pleased to be able to support one of our most important customers in achieving this important strategic sale. I also want to thank a great team at Husky, including Paulo Carmo and Evandro Cazzaro.”

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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