Astec Industries, Inc. (NASDAQ: ASTE) was founded in 1972 and is headquartered in Chattanooga, Tennessee, USA, with 3,740 full-time employees. It is a company engaged in road construction in the United States and internationally. Aggregate processing, geothermal, water, oil, gas and wood processing industry equipment design, engineering, manufacturing and sales company.
Astec Industries (ASTE):
Astec Industries, Inc. is mainly engaged in the design, manufacture and sale of road construction-related equipment for quarrying, crushing, road pavement and other applications; in addition, the company also produces and sells equipment not related to road construction for mining, construction, and demolition And other industries. Astec Industries is divided into 3 departments to operate: Infrastructure Group, Aggregate and Mining Group, and Energy Group.
- Infrastructure Group : Provide asphalt and wood balls and related components; asphalt paver, screed, milling machine, material transfer vehicle, stabilizer, and related supporting equipment; commercial paver.
- Aggregate and Mining Group : provide sand, gravel, sand and gravel production, processing and mining equipment used in road construction and other applications; mining equipment; portable and fixed structure mobile screening equipment, vibrating screens; portable and fixed Aggregate and ore processing equipment; crushing systems, processing equipment, and multi-purpose vehicles; bulk material handling systems and mineral processing equipment.
- Energy Group : Provide thermal fluid heaters, waste heat recovery equipment, liquid storage systems, and HEATEC brand polymer and rubber blending systems; storage tanks, concrete equipment, rubber asphalt and polymer blending systems; for water wells, environment, and groundwater monitoring , Construction, geothermal, mining and shallow oil and natural gas exploration and production industries to provide portable drilling rigs and related equipment; high-pressure diesel powered pump trailers for hydraulic fracturing technology and clean oil and gas; drilling rigs for the oil and gas industry; Use wood chippers, horizontal grinders, and blower trucks.
Astec Industries sells its products through sales agents, manufacturer representatives and distributors.