Astec Industries, Inc. (ASTE) is a diversified industrial equipment manufacturer with a global presence. The company was founded in 1972 and is headquartered in Chattanooga, Tennessee. Astec operates in four segments: Aggregates, Forestry & Environmental Recycling, Industrial Heating Systems, and Material Handling. The company's products are used in a variety of industries, including construction, mining, forestry, recycling, and power generation. Astec has a strong track record of innovation and product development, and its products are known for their quality and durability. The company has a global distribution network and a team of experienced engineers who provide technical support to customers around the world.
Astec's Aggregates segment designs, manufactures, and sells equipment used to crush, screen, and convey aggregates. The company's products are used in the production of asphalt, concrete, and other construction materials. Astec's Forestry & Environmental Recycling segment designs, manufactures, and sells equipment used to process wood, demolition debris, and other materials. The company's products are used in the production of mulch, compost, and other recycled materials. Astec's Industrial Heating Systems segment designs, manufactures, and sells equipment used to heat and dry a variety of materials. The company's products are used in the production of asphalt, cement, and other industrial products. Astec's Material Handling segment designs, manufactures, and sells equipment used to move and store materials. The company's products are used in a variety of industries, including construction, mining, and manufacturing.
Astec is a leading provider of equipment and services to the global aggregates, forestry, environmental recycling, and industrial heating industries. The company's products are used in a variety of applications, including construction, mining, forestry, recycling, and power generation. Astec has a strong track record of innovation and product development, and its products are known for their quality and durability. The company has a global distribution network and a team of experienced engineers who provide technical support to customers around the world.
Astec Industries is a well-established company with a strong track record of financial performance. The company has a diversified product portfolio and a strong global presence. Astec is well-positioned to benefit from the continued growth of the global infrastructure market. The company's commitment to innovation and product development will continue to drive its growth in the years to come.