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Today, we introduce you to Luca Gazzotti, who joins us as our new CEO. With over three decades of experience in the industry, Luca brings a wealth of knowledge and leadership to our organization.

Throughout his career, Luca has held key positions and spearheaded growth initiatives, making significant contributions to the industry’s advancement.

As our new CEO, Luca will focus on driving innovation, enhancing customer experiences, and expanding our global presence. With his strategic vision and commitment to excellence, we’re confident that Luca will lead HYDMECH to new heights of success.

Join us in extending a warm welcome to Luca Gazzotti!

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It is with deep sadness and heavy hearts that we announce the passing of our esteemed CEO, William Giacometti. William’s leadership and contributions were invaluable to HYDMECH, and his presence left an indelible mark on all of us.

William’s unwavering dedication, passion, and commitment to excellence were a true inspiration to our entire team. His legacy will forever be remembered as a driving force behind our success.

During this difficult time, our thoughts and prayers are with William’s family. May they find strength and solace as they navigate through this profound loss.

We extend our deepest sympathies to all who had the privilege of knowing and working with William. He will be greatly missed, and his impact on our company and in our hearts will endure.

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Section 179 Federal Tax Deduction increased to $1,080,000
Section 179 Federal Income Tax Deduction: This deduction allows a company to deduct the first $1,080,000 of equipment (Section 179 Property) acquired in 2022 from their taxable income. For companies acquiring up to $2,700,000 of equipment, this deduction is available in full. It then phases out on a dollar-for-dollar basis for amounts over $2,700,000. Financing or leasing with a $1 buyout qualify.

100% Bonus Depreciation
In addition to the $1,080,000 write-off, companies can take 100% bonus depreciation on the adjusted basis of their qualified equipment acquired in 2022. This bonus depreciation is good through 2022. Financing or leasing with a $1 buyout qualify.

Standard Depreciation
In addition to the $1,080,000 write-off and bonus depreciation, companies may be eligible to deduct federal depreciation on the adjusted basis of their qualified equipment, state depreciation, local tax incentives and interest expenses. Financing or leasing with a $1 buyout qualify.

Tax laws are subject to change at any time and their application is highly dependent upon the unique facts and circumstances of any particular taxpayer. The information on this page is offered as general guidance and is not intended as specific legal, tax, or accounting advice.

Please visit: https://www.section179.org/section_179_deduction/ for full details

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Our position at the top of this list demonstrates that our sawing brand commands the largest share of mind and provides the highest level of customer satisfaction among discerning service center executives.

Click HERE to read the whole article

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The conference happening on November 16 to 18 is North America’s largest metal forming, fabricating, welding and finishing event.

“We’re excited to be able to showcase our wares at FABTECH alongside our peers in the industry,” says HYDMECH VP of Sales and Marketing Rick Arcaro. “This event is more than a trade show. It offers more than 100 learning sessions for business owners and leaders in the industry to push their business forward. We’re happy to help our colleagues and customers learn about our ever-expanding product line and how it can meet their needs.”

HYDMECH’s new carbide saws, developed for sale in 2016, are the latest examples of how the company is being proactive to deal with market demand. “Our heavy-duty carbide saw line offers more precise, reliable cutting tools for skilled manufacturers and workers to put to good use across America and around the world,” Arcaro says.

Just one of the new HYDMECH carbide saws can do the work of five conventional band saws, without sacrificing quality. The equipment comes with the same assurance of reliability and top-line support that HYDMECH customers have come to expect.

The carbide saws come in different sizes, including 65mm, 80mm, 100mm, 125mm, 150mm and 175mm, to meet the custom requirements of manufacturing operations. A color shift from dark gray to black bases shows off these saws’ leading-edge design.

Conference visitors and other HYDMECH customers will get a special promotion while the event is happening: 50% off saw options and 30% off standard material handling and accessories.

ABOUT HYDMECH

HYDMECH is a world leader in metal band saw and cold sawing solutions. Their innovation solutions are geared to meet the practical needs of the aerospace, automotive, steel service centers, metal fabrications shops, racing, and other sectors. Their corporate headquarters is in Woodstock, Ontario.

Customers can count on HYDMECH’s long-term support with premium quality parts, top-tier customer service and reliable maintenance service. Building on nearly four decades in business, HYDMECH is the go-to company for industrial-strength cutting-edge solutions.

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But we’re more than that. Our company would be nothing without the people behind the name: from the salespeople and support technicians you may already know, to the many people who work behind the scenes, on our factory floor, in the office and on the road. See our reliable people, making the reliable saws that work for you.

HYDMECH is a big company, but we all work closely together and it feels like being part of a family. Learn more about what it’s like to work at HYDMECH, from the happy folks who have been part of this team for many years!

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