CEMA notes record-setting growth at fall meeting
Projections for conveyor equipment growth in the next six months are strong, and even stronger over the next 12 months.
Latest NewsState of Logistics 2016: Pursue mutual benefit Cranes going higher at Port of Oakland’s largest marine terminal Robotic Industries Association announces winners of Engelberger Robotics Awards FedEx, USPS extend air transport contract to 2024 U.S.-NAFTA freight rises for third time in five months in December, reports BTS More News
Latest ResourceMobile Solutions: Improving Supply Chain Efficiencies To meet customer's ever-increasing service expectations and improve their business efficiency, companies are looking to their supply chain operations – especially material handling and warehouse operations managers.
At its annual meeting last week, members of the Conveyor Equipment Manufacturers Association (CEMA) expressed cautious optimism for the future while celebrating the second consecutive year of record-breaking numbers.
According to Bob Reinfried, executive vice president of CEMA, some members reported a slowdown in July and August, but said September was on track to be a strong month. “The optimism is cautious because of the rumblings about the state of the economy,” he said. “But things are looking good out there.”
Reinfried said the 12-month forecast looks even better than the six-month projections. “Across the board, people are feeling very good about the rest of the year, and we’re looking forward to 2013 as well.”
CEMA reports that overall industry orders (bookings) for the first six months of 2012 increased 22.79% compared to the same period in 2011, with total orders of $5.46 billion.
CEMA estimates industry billed sales (shipments) for the first six months of 2012 increased 30.37% compared to the same period in 2011, with total shipments of $5.22 billion.
In the Bulk Conveying area, orders were up 40.8% and shipments were up 40.5%. Unit Handling orders were up 10.0% and shipments were up 22.1%.
CEMA tracks new orders and shipped sales volume in nine classes of unit handling equipment and four classes of bulk handling equipment. As a result of the continued strong order rate, the executives representing CEMA member companies who attended the Fall Meeting were forecasting a 17% to 20% increase in shipments for 2012 (changed from March 2012 forecast of an 10% increase). CEMA President, Ron Arkema announced the results at the Association’s Fall Meeting in Chicago, Illinois.
About the AuthorJosh Bond, Senior Editor Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Automated Storage on the Move Receiving 101: Setting the Table for Success View More From this Issue