The federal government has made tax incentives accessible for the remainder of 2009 to assist companies with the implementation of simple automation into new or existing facilities, says Remstar International. “These tax incentives will have a positive impact on organizations purchasing automated carousels and vertical lift modules (VLM) allowing for increased write off ability while providing increased efficiencies and a high internal rate of return,” said Remstar.
The new provisions of the 2009 tax year provide a one-year 50% bonus depreciation which provides companies with the ability to write off in 2009 an extra 50% of the cost of new equipment that is purchased and used in 2009, according to Remstar.
The automation itself can save up to 85% of floor space, improve accuracy to 99%, reduce man power requirements up to two thirds and produce a faster return on investment (ROI), says Remstar.
Remstar International Inc., a company of the Kardex AG Remstar International (KRI) Group of Zurich, Switzerland, is a provider of automated storage and retrieval systems for manufacturing, distribution and warehousing applications.