By Robert Reinfried Exec. Vice President, CEMA
The Conveyor Equipment Manufacturers Association (CEMA) reports that overall industry orders (bookings) for the first 6 months of 2017 increased 9.09% compared to the same period in 2016, with total orders of $6.23 billion. CEMA estimates industry billed sales (shipments) for the first 6 months of 2017 increased 12.88% compared to the same period in 2016, with total shipments of $7.19 billion.
Unit Handling orders were up 7.13% and shipments were up 16.15%. In the Bulk Conveying area, orders were up 13.62% and shipments were up 4.58%.
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 2017. As a result, the forecast for shipments for 2017 changed from March 2017 forecast of a 7.5% increase to an increase of 12.5% for 2017. CEMA President, Paul Ross announced the results at the Association’s Fall Meeting in Chicago, Illinois.
Founded in 1933, CEMA is the trade association of leading conveyor equipment manufacturers and engineering firms in The Americas.