Conveyors: Billed sales drop slightly in first half of 2008
CEMA members pleased with the results, but concerned about the next 12 to 18 months.
By Staff -- Modern Materials Handling, 9/29/2008
Overall industry billed sales for the first six months of 2008 dropped 3.3%, compared to the first half of 2007, according to the Conveyor Equipment Manufacturers Association (CEMA).
Total shipments in the first half of the year are estimated at $3.89 billion, with industry orders (bookings) at $3.87 billion.
Executives who attended CEMA’s fall meetings in Chicago were pleased with the 2008 results, but expressed concern about the next 12 to 18 months. In July, conveyor sales dropped 35%, after a 41% increase from May to June.
Bulk accessories bookings were up 18% and shipments up 15%, while screw conveyor shipments were up 3%. Unit handling orders were down 9% and shipments were down 10%.
CEMA tracks new orders and shipped sales volume in seven classes of unit handling equipment and five classes of bulk handling equipment.
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