Astec Industries, Inc., incorporated on August 9, 1972, designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. The Company's segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Company's products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The Company also manufactures certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction and demolition industries, and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; whole-tree pulpwood chippers; horizontal grinders; blower trucks; concrete plants; wood pellet plants; commercial and industrial burners, and combustion control systems.
Infrastructure Group
The Infrastructure Group segment is made up of five business units. These business units include Astec, Inc. (Astec), Roadtec, Inc. (Roadtec), Carlson Paving Products, Inc. (Carlson), Astec Mobile Machinery GmbH (AMM) and Astec Australia Pty Ltd (Astec Australia). Astec, Roadtec and Carlson business units design, engineer, manufacture and market a line of asphalt and wood pellet plants and their related components, and asphalt pavers, screeds, milling machines, material transfer vehicles, stabilizers and related ancillary equipment. AMM and Astec Australia primarily sell, service and install products produced by the manufacturing subsidiaries of the Company.
Astec offers portable asphalt plants, which are marketed as Six Pack and consists of six or more portable components. Astec also builds batch type asphalt plants and has developed specialized asphalt recycling equipment for use with its hot-mix asphalt plants. Roadtec manufactures asphalt pavers, material transfer vehicles, milling machines, soil stabilizing-reclaiming machinery and other equipment used in road building and resurfacing. Roadtec's Shuttle Buggy is a mobile, self-propelled material transfer vehicle that allows continuous paving by separating truck unloading from the paving process while remixing the asphalt.
Carlson manufactures screeds, which attach to asphalt paving machines and place asphalt on the roadbed at a desired thickness and width. Carlson offers options to its screeds that allow extended paving widths and the addition of a curb on the road edge. Carlson also offers commercial class eight-foot pavers designed for parking lots, residential and secondary road applications. Astec Australia markets relocatable and portable asphalt plants, and components produced by Astec, Heatec, Inc. (Heatec) and CEI Enterprises, Inc. (CEI); asphalt paving equipment and components produced by Roadtec and Carlson, and aggregate equipment produced by its Aggregate & Mining Group.
The Company competes with Gencor Industries, Inc., ADM, Almix, Ammann, Fayat/Marini, Benninghoven/Wirtgen, Wailer, Caterpillar Paving Products, Inc., Volvo Construction Equipment, Wirtgen America, Bomag Fayat Group, Lee Boy and CMI.
Aggregate and Mining Group
The Company's Aggregate and Mining Group consists of eight business units that are focused on designing and manufacturing heavy processing equipment, as well as servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets. These business units are Telsmith, Inc. (Telsmith), Kolberg-Pioneer, Inc. (KPI), Astec Mobile Screens, Inc. (AMS), Johnson Crushers International, Inc. (JCI), Breaker Technology Ltd/Breaker Technology Inc. (BTI), Osborn Engineered Products, SA (Pty) Ltd (Osborn), Astec do Brasil Fabricacao de Equipamentos Ltda. (Astec Brazil) and Telestack Ltd (Telestack). Telsmith's products are crushers, vibrating equipment, modular relocatable stationary plants, mobile portable plants and larger track mounted systems. Telsmith also provides consulting and engineering services. KPI, JCI and AMS design, engineer, manufacture and support a line of stationary and portable aggregate processing equipment for the aggregate metallic and nonmetallic, bulk handling, sand and gravel, mining, quarrying, concrete and asphalt recycling and industrial markets. KPI's, JCI's and AMS's products include a line of primary, secondary, tertiary and quaternary crushers, including jaw, horizontal shaft impactor, vertical shaft impactor and roll rock crushers as well as industry related washing and conveying equipment, mobile screening plants, portable and stationary screen structures and vibrating and high frequency screens.
BTl designs, engineers, manufactures and markets a line of rockbreaker systems for the mining, quarry and recycling industries, and provides large-scale stationary rockbreakers for open pit mining, as well as mid-sized stationary rock breakers for underground applications. BTl also designs, engineers, manufactures and markets a line of hydraulic breakers, compactors and demolition attachments for the North American construction and demolition markets. Osborn designs, engineers, manufactures and markets a line of minerals processing equipment. Astec Brazil markets products in Brazilian market for other Astec Aggregate and Mining companies, and Astec asphalt plants. Products manufactured by Astec Brazil include crushing equipment, vibrating equipment, stationary plants, mobile portable systems and asphalt plants. Telestack designs, engineers, manufactures and markets mobile bulk material handling solutions that are designed to handle all free-flowing bulk materials, including ores, coal, aggregates, fertilizers, grains, woodchips and pellets.
The Company competes with Metso Minerals, Sandvik Mining and Construction, Terex MP and Powerscreen, Atlas Copco Mining, McCloskey, Superior Industries, Wirtgen, Deister, McLanahan, CDE Global and Weir Minerals.
Energy Group
The Company's Energy Group includes five business units focused on supplying heavy equipment, such as heaters, drilling rigs, concrete plants, wood chippers and grinders, pump trailers, storage equipment and related parts to the oil and gas, construction and water well industries. These business units include Heatec, CEI, GEFCO, Inc. (GEFCO) and Peterson Pacific, Inc. (Peterson).
Heatec designs, engineers, manufactures and markets various thermal fluid heaters, process heaters, waste heat recovery equipment, liquid storage systems, and polymer and rubber blending systems under the HEATEC trademark. CEI designs, engineers, manufactures and markets thermal fluid heaters, portable and stationary storage tanks, rubberized asphalt and polymer blending systems for the asphalt and other industries. GEFCO designs and manufactures portable drilling rigs and related equipment for the water well, environmental, groundwater monitoring, construction, mining and shallow oil and gas exploration, and production industries. Peterson designs, engineers, manufactures and distributes large whole-tree pulpwood chippers, biomass chippers, horizontal grinders and blower trucks primarily for the construction, landscaping, recycling and biomass energy markets.
The Company competes with Gencor, Almix, Fulton, Sigma Thermal, Erie Strayer, Con-E-Co, Meeker, Versa Drill, Schramm, Atlas Copco, National Oil Well, Blohm & Vos, Oil Country, NOV/Rolligon, Stewart & Stevenson, Dragon, Morbark, Terex, Precision Doppstadt, Bandit, Jenz, Komptech, Fin and Webster Engineering.
1725 Shepherd Rd
The company trades on NASDAQ exchange. The company headquarter is located in Tennessee, TN. The company was established in the 1972.| Ticker | ASTE |
| Long Name | Astec Industries, Inc. |
| Short Name | Astec Industries |