Explore Effer Marine Cranes at the WorkBoat Show

The International WorkBoat Show attracts 15,000 members of the commercial marine industry, who come together from around the world to network, learn, spot new industry trends, and uncover innovative products and solutions. The event will be held at the Morial Convention Center in New Orleans, LA from November 29 – December 1. As Effer’s US distributor, Altec will be on site to show the nationwide service and support network we provide.

Be sure to come by to see all that Effer and Altec have to offer at Booth #4143. To learn more about Effer Articulating Cranes from Altec call 1-866-966-2969 or contact an Altec representative online.

New Hydraulic Tools and Intensifier Package for Altec Dual Rated Units

Altec now offers a hydraulic tools and intensifier package on the AC40-152S and AC45-127S. This package contains everything an operator needs to have intensified hydraulic power in the platform. There’s no need for a generator or pump pack which would add additional weight and would reduce platform capacity.  This package also maximizes the platform’s work space and can be installed and ready for work in minutes, ensuring maximum productivity and minimal down-time between jobsites.  If standard hydraulic power is needed, then forgo the intensifier and plug directly into the hydraulic lines at the platform for reliable tool operation. 

Features and Benefits:

  • Maximizes platform capacity and can be installed in minutes
  • Eliminates complexity and logistics of fueling, maintaining, and securing a platform generator
  • Visibility from the Dual-Entry, 20 Degree Tilt Cab is not compromised as the tools and hydraulically-braked hose reel are mounted on the opposite side of the cab, providing the operator the clean-side of the boom when handling material at height
  • Offers up to 10,000 psi of hydraulic power
  • Compatible with Altec’s new LMAP Radio for controlling the hydraulic power at height
  • Compatible with all current Altec jib and platform options for the AC40-152S and AC45-127S family of units
  • Compatible with the six foot composite reach extension available on the AC40-152S Dual-Rated Unit which can achieve a 222 foot working height

Available on the Following Units:

Altec is proud to offer this package for those needing either hydraulic power at the boom tip or at the platform. Let us help you spec your perfect unit; to learn more about Altec Cranes and Dual Rated units, call 1-866-966-2969 or contact an Altec representative online.

Exploring Tax Breaks and 4th Quarter Equipment Financing Benefits

Please note: The information in this article applies to 2017 and may not apply to current year. To get updated information, please contact Altec Capital at (888)408-8148.

As we approach the end of the 4th quarter, the mid-quarter convention is an important topic of discussion for companies managing their equipment purchases.

The mid-quarter convention applies if more than 40% of your total annual equipment purchases are placed in service during the 4th quarter of the tax year. If less than 40% is placed in service during the 4th quarter, companies can use the half-year convention for tax depreciation purposes.  The half-year convention means that a company can take a six-month tax depreciation deduction no matter when an asset is placed into service during the year.  The mid-quarter convention means that a company begins tax depreciation in the middle of the quarter the asset is placed into service, which reduces the tax deduction for assets placed in service during the second half of the year.  So, by acquiring your equipment using a tax lease instead of a straight capital purchase, you can shift the ownership for tax purposes to Altec Capital and it will not count against your percentage limit for the mid-quarter convention. By doing this, you are still able to select the exact assets you need, and retain the rights to purchase or return equipment at the end of the lease.

An added benefit of using a tax lease in the 4th quarter is taking advantage of the best rates of the year from Altec Capital because of the increased tax benefits. Another point to consider is tax break changes that go into effect after December 31, 2017. The bonus depreciation benefit moves from 50% to 40% in 2018, which can positively impact your bottom line if you enter into an equipment lease in the 4th quarter this year.

With multiple leasing options, Altec Capital can assist you with transferring your equipment to lease. To speak with an Altec Capital representative on how you can take advantage of 4th quarter leasing benefits, call (888) 408-8148. 

Altec in the Tundra: An Aerial for the Alaskan Arctic

North to Alaska

During the month of September, a team of three Altec associates from our St. Joseph campus traveled over 3,000 miles to northern Alaska to deliver, mount and complete a TA50 for ConocoPhillips, an opportunity discovered and presented by Altec account manager Nick Zevenbergen. The team worked tirelessly on the project in Alaska for over two weeks, which was the longest on-site project completed to date by associates at St. Joseph. Ron Steele, associate with Altec Service, agreed, “Altec has done some big jobs up there before but not quite as big as this one.”

In preparation for the Alaska delivery, a team of Altec associates built the TA50 at our St. Joseph facility. A team from Carlile Transportation, a trucking company based out of Alaska and featured on the television series Ice Road Truckers, hauled the TA50 and a crate of loose parts to Kuparuk, Alaska, a journey that took ten days. The Kuparuk oilfield (the nation’s second largest by area) is 40 miles west of the giant Prudhoe Bay field on Alaska’s northern coast.

Once the truck arrived at its destination, Jorge Arambula, Frank Potochnick and Tim Stutzman, the Altec team traveling from St. Joseph, made their journey to Anchorage, Alaska where they attended a mandatory eight-hour safety session required of all people going to work in the oilfields. On September 12th, the team finally arrived in Kuparuk to begin their job.

The Altec team worked to mount the TA50 on a trailer that is certified by ADEC, an environmental consultant, to traverse 300 square miles of tundra without destroying the vegetation. The machine and the Altec boom will enable ConocoPhillips to provide maintenance to more than 3,000 powerline poles that are throughout the tundra area.

To mount the TA50 on the trailer, the team worked in thirty-degree weather for long hours each day. Arambula said, “We made a great team; we worked together every day for twelve, thirteen, fourteen hours. It was a great experience.”

Arambula was not too concerned about the cold, but he explained that the rain and snow made the job much more difficult. Potochnick agreed, saying the project “had a little bit of everything in it.” He elaborated, “It was exciting; it was a challenge; there were times when the place was beautiful; it was cold; it was windy; it was raining; it was snowing.” However, Potochnick welcomed the new experience as he learned about the different work environments in which people must function.

Despite the rough weather, Arambula added that the hardest part of the project was “staying away from my family for two and a half weeks.”

The team in Alaska and associates at St. Joseph kept in good contact with one another throughout the project. Steele stated, “Frank, Jorge and Tim would communicate with me on how things were going, where they were in the process and if there were some parts that they needed. I kept all of the project information with me and made myself available to them 24/7 until the job was completed.”

Arambula agreed, adding, “We had a great support group from manufacturing to management.”

When the job was finally complete two weeks later, associates provided training to ConocoPhillips employees and contractors before returning home on September 26th.

After the harsh Alaska weather, associates were glad to be home again. They each appreciated the once in a lifetime event. Potochnick explained, “The sense of accomplishment and pride that I have is all thanks to Altec. The project wouldn’t have been possible without their support.”

Need Help? Please contact us at 1-877-GO ALTEC, option 1.

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Altec Inc.

210 Inverness Center Drive
Birmingham, AL 35242-4834
Phone (205) 991-7733
Fax (205) 408-8601

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