The Conveyor Equipment Manufacturers Association (CEMA) reports that overall industry orders (bookings) for the first six months of 2011 increased 38.28% compared to the same period in 2010, with total orders of $4.58 billion. CEMA estimates industry billed sales (shipments) for the first six months of 2011 increased 39.51% compared to the same period in 2010, with total shipments of $4.13 billion.
In the Bulk Conveying area, orders were up 31.0% and shipments were up 32.1%. Unit Handling orders were up 44.0% and shipments were up 46.2%.
CEMA tracks new orders and shipped sales volume in seven classes of unit handling equipment and five classes of bulk handling equipment.
The executives representing CEMA member companies who attended the Association’s Fall Meeting expressed cautious optimism for the remainder of 2011 and were forecasting an 18% increase in shipments for 2011 (changed from the March 2011 forecast of an 8% increase). CEMA President, George Huber III announced the results at the Association’s Fall Meeting in Chicago, Illinois.
Founded in 1933, CEMA is the trade association of leading North American conveyor equipment manufacturers and engineering firms.