Milacron, a leading industrial technology company serving the plastics processing industry, is launching a new rental option for machinery upgrades through the exclusive financing partner, Equipment Finance Group (EFG). Renting offers advantages that owning does not, including lower monthly payments, which are typically spread out over the course of months or years rather than delivered in a lump sum. The equipment rental option officially launched on March 25th following an agreement with EFG to meet the demands for increased temporary capacity, to produce products to aid in the fight against COVID-19.
Machinery rental is available in 12, 18 and 24-month options. At the end of the term, the equipment can be returned with no further obligation, bought for a predetermined price that includes credits from the previous payments, or continue through a renegotiated rental option.
Milacron continues to offer additional flexible financing options. Depending on the needs of customers, low payments are available, as well as deferred payment to provide manufacturers an extra window before the first payment is due.
Milacron is working to support machinery ownership through Milacron’s Quick Delivery Program that includes the Roboshot, Q-Series and MPs, which can be delivered to domestic facilities in as little as five days. Milacron ServTek Services is dedicated to extending the life of that investment. Milacron’s technology and service expertise means the clients are guaranteed a quality, high-performance product for many years. The Aftermarket Service Teams provide the widest range of tools and resources required to improve manufacturing processes and the bottom line.
