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Astec Industries, Inc.
Construction Machinery And Equipment TN, United States
Nasdaq: ASTE
Company Description
Astec Industries, Inc. designs, engineers, manufactures and markets equipment and components used primarily in road building, utility and related construction activities as well as other products. It operates through four business segments: Asphalt Group, Aggregate and Mining Group, Mobile Asphalt Paving Group and Underground Group. The Asphalt Group segment consists of three business units that design, engineer, manufacture and market a complete line of portable, stationary and relocatable hot-mix asphalt plants and related components and a variety of heaters, heat transfer processing equipment, thermal fluid storage tanks and concrete plants. The Aggregate and Mining Group segment consists of six business units that design, engineer, manufacture and market a complete line of rock crushers, feeders, conveyors, screens and washing equipment. The Mobile Asphalt Paving Group segment consists of two business units that design, engineer, manufacture and market asphalt pavers, asphalt material transfer vehicles, milling machines and paver screeds. The Underground Group segment consists of two business units that design, engineer, manufacture and market auger boring machines, directional drills, fluid/mud systems, chain and wheel trenching equipment, rock saws, road miners, geothermal drills and oil and natural gas drills. The company was founded by J. Don Brock in 1972 and is headquartered in Chattanooga, TN.