By Robert Reinfried, Executive Vice President, CEMA
The Conveyor Equipment Manufacturers Association (CEMA) tracks new orders and shipped sales volume in nine classes of unit handling equipment and four classes of bulk handling equipment.
The executives representing CEMA member companies who attended the Fall Meeting expressed optimism for the remainder of 2014. As a result of this optimism, the updated forecast is for a 5% increase in 2014 shipments (changed from March 2014 forecast of a 2% increase).
The Conveyor Equipment Manufacturers Association (CEMA) reports that overall industry orders (bookings) for the first 6 months of 2014 increased 2.59% compared to the same period in 2013, with total orders of $5.32 billion. CEMA estimates industry billed sales (shipments) for the first 6 months of 2014 increased 5.82% compared to the same period in 2013, with total shipments of $5.35 billion.
Unit Handling orders were up 10.49% and shipments were up 15.36%. In the Bulk Conveying area, orders were down 8.67% and shipments were down 7.85%.
Founded in 1933, CEMA is the trade association of 134 leading North American conveyor equipment manufacturers and engineering firms.