Astec Industries (NASDAQ: ASTE) is a family of companies that have become America's leading manufacturer of equipment for aggregate processing, asphalt road building and pipeline and utility trenching. The company's goal is to design, manufacture and provide the most innovative, productive and reliable equipment for building and restoring the world's infrastructure.The company was founded in 1972 and is based in Chattanooga, Tennessee.
Astec Industries operates in four primary business segments:
The Asphalt Group consists of three subsidiaries: Astec Inc., Heatec Inc., and CEI Enterprises. Collectively the group focuses on the design, production and marketing of wide range of asphalt mixing and storing equipment, as well as related components. Astec designs and produces a full line of hot mix asphalt plants with options designed to suit a variety of needs. Heatec designs and produces a variety of asphalt storage and heating devices used in the construction of hot mix asphalt plants, and a number of industrial heaters used in other industries. CEI Enterprises designs and produces hot mix asphalt plants, industrial fluid heaters, and asphalt and polymer blending systems.
The Mobile Asphalt Group is comprised of two subsidiaries: Roadtec, Inc. and Carlson Paving Products, Inc. The group broadly focuses on the design, production, and marketing of equipment used to pave roads.
The Aggregate & Mining Group consists of six subsidiaries: Telsmith, Inc., Kolberg-Pioneer, Inc., Astec Mobile Screens, Inc., Johnson Crushers International, Inc., Breaker Technology Ltd/Breaker Technology, Inc., and Osborn Engineered Products Ltd. The group as a whole focuses on the design and production of equipment to serve the aggregate, metallic mining, and recycling markets
The Underground Group is comprised of two subidiaries: Astec Underground, Inc. and American Augers, Inc. The group focuses on the design and production of underground construction equipment.
1. Company website: http://www.astecindustries.com/www/docs/1/about_us.html