CLM In The News
Pomona, CA, October 1, 2014—For 2014, IRS tax code Section 179 has been restored to its original limits of $25,000 plus an adjustment for inflation. "That means that through the end of 2014, CLM customers purchasing new and used dryers, or any capital equipment, can receive up to $25,000 in tax deductions, said Martin Pharis, President of CLM. "This government incentive allows businesses to deduct a certain amount of the purchase price resulting in significant savings on the bottom line."
While a drop from limits in 2013, which were increased by the 'American Taxpayer Relief Act', "this is a great opportunity for companies to see a direct impact on their bottom line when preparing their business taxes," Pharis said. The equipment must be placed in service this year in order to receive the 2014 deduction.
Be sure to consult with your tax advisor for more information.
An All-American company, CLM is also proud to be a native Californian. As such, we have joined the Made in CA program, which recognizes manufacturers who produce products within the State and who contribute to the growth of the economy, are involved in continuous improvement, strive to create jobs and growth their business.Read more
Admiral Linen Opens 2 New Plants, Purchases 8 New CLM Dryers
In 2013, Admiral Linen’s Fort Worth and Houston, Texas plants added new CLM Model 165GP gas fired dryers to their wash aisles. Since that time, Admiral has opened 2 new plants in and added 8 new CLM Model 165 gas fired dryers.
"Admiral's satisfaction with our Model 165s as Challenge replacements made them the obvious choice for the new plants,” said CLM president, Martin Pharis. “Reliability and cost-effectiveness have long been hallmarks of the CLM brand. But CLM also delivers technology that no one else offers, including a fully integrated production management system."Read more