ASTE Stock - Astec Industries Inc.

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Astec Industries, Inc. specializes in the design, engineering, manufacturing, and marketing of equipment and components primarily used in road building and related construction activities globally. The company operates through two main segments: Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers a wide range of products including asphalt plants, concrete dust control systems, asphalt pavers, concrete material handling systems, and soil stabilizing-reclaiming machinery. Additionally, this segment provides hot oil heaters, storage tanks, industrial and asphalt burners, custom batch plants, and various other equipment and services tailored for asphalt producers, highway contractors, and environmental recycling contractors among others.

The Materials Solutions segment of Astec Industries focuses on designing and manufacturing equipment for crushing, screening, and bulk material handling. This includes mobile plants, vibrating equipment, electrical control centers, and modular systems. The segment also offers plant automation products, portable plants, and mineral processing equipment. Consulting and engineering services are an integral part of this segment, catering to the needs of mine and quarry operators, construction contractors, and power stations. Through these comprehensive solutions, the company supports a broad spectrum of industries including mining, quarrying, and recycling.

Incorporated in 1972 and headquartered in Chattanooga, Tennessee, Astec Industries, Inc. has established itself as a prominent player in the construction equipment industry. The company's commitment to innovation and quality has enabled it to serve a diverse clientele ranging from asphalt producers to government agencies worldwide. With its extensive product portfolio and specialized services, Astec continues to drive advancements in road construction and materials processing, ensuring robust support for infrastructure development projects globally.

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