top of page
  • Writer's pictureSusanne Nordman

Magnetic Lifters are a Small Spend at Year End

Updated: May 8

A great time to think about purchasing additional machinery and equipment for the shop floor is near the end of the third quarter of the calendar year. Good decision making for capital expenditures takes planning and strategy to optimize any current tax advantages to purchasing and placing equipment in use prior to December 31.

tax savings capital expenditures

Tax laws change each year, so it is always wise to seek professional tax advice on what purchases are eligible, when they need to be placed in service and what limitations are enforced for the current year.

When developing your machinery and equipment purchase plan to benefit from all the applicable tax savings, do not forget to consider your shop’s lifting needs. Below the hook magnetic lifters are a small spend to top off your capital expenditure plan you may be finalizing right about now.

In comparison to larger machinery and equipment that may cost 6 figures with orders that take months to fulfill, magnetic lifters are a small spend that can add to your capital expenditures without having to wait months to receive and place in service.

lift magnet getting ready to ship on pallet with fork lift
Compared to larger machinery, magnetic lift magnets have quicker ship time and lower costs for capital expenditures.

Whether you already have a large fleet of lift magnets and need a few replacements or spares or you are a first-time buyer, if you are handling steel frequently in your shop, magnetic lifting magnets can save you time and money. MagnaLift and Power-Grip magnetic lift magnets are built to last decades, easy to use and require little maintenance if properly cared for.

In order to place in service prior to the year end, new lift magnets orders should be arranged before October 31. If you are considering adding to your fleet or just beginning your search for your first magnetic lift magnet, contact the sales team at Obsidian Manufacturing Industries, Inc. to discuss your lifting application.

ObsidianMfg Magna-Lock USA MagnaLift Power-Grip Arter

Obsidian Manufacturing Industries, Inc. is a Rockford, Ill. manufacturing company and is the OEM for Magna-Lock USA workholding, MagnaLift & Power-Grip lift magnets, and Arter Precision Grinding Machines as well providing surface grinding services. They are located at 5015 28th Ave. in Rockford, Ill. with a phone number of 815-962-8700. Check out more at


bottom of page