From our perspective as a manufacturer of Lumber Drying Equipment the first half of this year was better than 2010. We saw an increase in demand of about 30%, but the market is still far down from the days before 2008. Having been at this for 30+ years, we believe that the market is still less than 50% of “normal” conditions. Most of the drying equipment installed these days is to replace units that have been run and fixed up for as long as possible, very little is for expansion. Demand is still fragile. As we saw in July, as soon as economic uncertainty comes back, equipment purchases are postponed. Still as August progressed, inquiries quickly came back. We expect that the market will continue a slow recovery for the rest of the year.
↧
