Mitsubishi HC Capital America, a provider of financing solutions, entered a strategic relationship with the Seismic Group, a U.S.-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 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.

“Sustainability is a core initiative and major focus for Mitsubishi HC Capital America,” Jim Freund, executive vice president and president, vendor solutions for Mitsubishi HC Capital America, said. “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.”

“Working with Mitsubishi HC Capital America represents the best of sustainable financing and manufacturing acumen,” Kent Dahlgren, managing director of Seismic Group, said. “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,” Viktor Borjesson, chief operating officer at PulPac, said. “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.”