Product category:
General Print Supplies, Services for Printers
News Release from: Maxson Automatic Machinery Company
Edited by the Printingtalk Editorial
Team on 15 February 2007
New Flexible Finance Options For
Machinery
Maxson Automatic Machinery Company of Westerly (USA) has announced a financing partnership with National City Manufacturing Finance, a division of National City Commercial Capital (NC4).
Maxson Automatic Machinery Company of Westerly (USA) has announced a financing partnership with National City Manufacturing Finance, a division of National City Commercial Capital (NC4) National City and Maxson Automatic will provide custom financing programmes and ancillary services to the converting and printing industry
This article was originally published on Printingtalk on 7 Mar 2007 at 8.00am (UK)
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The new financing programme will offer Maxson clients longer and more creative term financing options for equipment and technology, said the company.
Complete bundled packages that offer both equipment and services are included.
In addition, payments can be spread over the useful life of the technology to economically position monthly costs to align with monthly revenues or savings.
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Joseph Matthews, Maxson's president, said: "Traditionally, financing has been just another means to acquire equipment with little or no value assigned to that equipment at the end of the financing term.
Our partnership with National City Manufacturing Finance enables us to offer our customers a choice of financing options that has never existed before.
We have now addressed not only a solution to their equipment needs but have addressed how to acquire it." Matthews continued: "By working together with National City Manufacturing Finance, we can offer financial products that are tailored to specific capital schedules or project cash flows, as well as a variety of return, disposal or upgrade options.
As a result, our customers can overcome the capital challenges they are facing as technology cycles shrink, therefore substantially lowering their overall net cost of equipment ownership." National City Manufacturing Finance, a division of National City Commercial Capital, is focused on financial services for the US converting, printing and packaging industries.
National City Commercial Capital is a subsidiary of National City Corporation and is one of the largest bank-affiliated leasing companies in the country.
Bill Colwick, senior vice president at National City Manufacturing Finance, said: "As a leading manufacturing service provider in the world, Maxson has an exceptional reputation for innovation and customer support.
We created a unique financing model that addresses the current market economics and changing budget and cash flow realities of the converting and printing industry.
We are confident this programme will assist Maxson with superior services that include equipment, services and financing.".
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