Board Converting News, March 7, 2022

Supplier Reports, Part 5 (CONT’D FROM PAGE 26)

and continue to be healthy, but it is clear that the major challenge to all businesses, but especially for packaging manufacturers, will be the continued shortage, and much higher cost, of plant labor. “That fact reinforces the requirement for continued in- vestment in new, less labor-intensive, efficient and high speed production equipment. The cost of new equipment continues to rise due to demand and inflation but such investment in new plant machinery is clearly an absolute requirement in the current and future marketplace. “Fortunately for our clients, Equipment Finance offers 7, 8, 10, 12 and 15 year amortization repayment programs for new corrugated manufacturing equipment, which can significantly reduce monthly payment requirements. We typically fund up to 100 percent of machinery project costs including site prep, electrical, etc. The same 100 percent financing is available for used equipment projects with terms of up to eight years. Early prepayment, annual addi- tional paydown and loan term adjustments are just some of the options we can include to provide maximum finan- cial flexibility. Therefore, you can have low payments with- out locking yourself into a long term commitment. “Interest rates have risen and further increases by the Fed are projected during 2022. 100 percent of our financ- ing options are fixed rate, allowing you to protect against increasing interest cost. We can also refinance your exist- ing floating rate debt into a fixed rate loan program.

and software engineering, we have developed a range of products for corrugated cardboard manufacturers and converters that exceed expectations and solve the chal- lenges facing this industry. Durst’s focus on innovation and continuous improvement ensures we will continue to cre- ate the best possible products for our customers.” Visit . EQUIPMENT FINANCE CORPORATION Alpharetta, Georgia: Ed Gargiulo reports, “While this past year was challenging for us all, with the continued growth

in packaging demand and the need for additional production capacity, 2021 proved to be a record year for Equipment Finance Corporation (EFC), allowing us the opportunity to provide our clients with long term, fixed rate financing for Corrugated Converting machinery.

Ed Gargiulo

“The days of large brick and mortar stores with sub- stantial on-site inventory is fast becoming outdated, cre- ating increased demand for corrugated containers for e-commerce and we expect this trend will continue. While increased demand works in everyone’s favor, it has creat- ed major labor issues the likes of which the industry has never experienced. Hopefully, your employees have been


YOUR PARTNER OF CHOICE CONVEYOR SAFEWALK Increase Safety and Reduce Injuries • Reduce or eliminate roller related injuries • Compatible with all conveyors • Simple, adaptable controls package

• Push button for safe walk pause/resume • 48"/60"/72"/84"/96" widths available • Steps with handrail optional


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