Profile: Astec Industries Inc (ASTE.OQ)

ASTE.OQ on NASDAQ Stock Exchange Global Select Market

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Astec Industries, Inc., incorporated on August 9, 1972, designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. The Company's products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The Company also manufactures certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction and demolition industries, and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; whole-tree pulpwood chippers; horizontal grinders, and blower trucks. The Company also manufactures a line of multiple use plants for cement treated base, roller compacted concrete and ready-mix concrete. The Company’s business segments are Infrastructure Group, Aggregate and Mining Group and Energy Group.

Infrastructure Group

The Infrastructure Group segment is made up of five business units. These business units include Astec, Inc. (Astec), Roadtec, Inc. (Roadtec), Carlson Paving Products, Inc. (Carlson), Astec Mobile Machinery GmbH (AMM) and Astec Australia Pty Ltd (Astec Australia). The Astec, Roadtec and Carlson business units design, engineer, manufacture and market a line of asphalt and wood pellet plants and their related components, and asphalt pavers and related ancillary equipment. The other two business units (AMM and Astec Australia) primarily sell, service and install products produced by the manufacturing subsidiaries of the Company with a majority of their sales to customers in the infrastructure industry.

The Company competes with Gencor Industries, Inc., ADM, Almix, Ammann, Fayat/Marini, Speco, Wailer, Caterpillar Paving Products, Inc., Volvo Construction Equipment, Wirtgen America, Atlas-Copco, Bomag Fayat Group, Lee Boy and CMI.

Aggregate and Mining Group

The Company's Aggregate and Mining Group comprises eight business units focused on supplying heavy equipment and parts in the aggregate, metallic mining, quarrying, recycling, ports and bulk handling markets. These business units distribute products into niche markets. These business units are Telsmith, Inc. (Telsmith), Kolberg-Pioneer, Inc. (KPI), Astec Mobile Screens, Inc. (AMS), Johnson Crushers International, Inc. (JCI), Breaker Technology Ltd/Breaker Technology Inc. (BTI), Osborn Engineered Products, SA (Pty) Ltd (Osborn), Astec do Brasil Fabricacao de Equipamentos Ltda. (Astec Brazil) and Telestack Ltd (Telestack). Telsmith's core products are jaw, cone and impact crushers, as well as vibrating feeders and inclined and horizontal screens. Telsmith also provides consulting and engineering services. KPI and JCI (KPI-JCI) design, engineer, manufacture and support a line of stationary and portable aggregate and ore processing equipment for the sand and gravel, mining, quarrying, concrete and asphalt recycling markets under the KPI-JCI product brand name. AMS designs, engineers, manufactures and markets mobile screening plants, portable and stationary screen structures and vibrating screens designed for the recycle, crushed stone, sand and gravel, industrial and general construction industries. BTl designs, engineers, manufactures and markets a line of stationary rockbreaker systems for the mining, quarry and recycling industries, and provides large-scale stationary rockbreakers for open pit mining, as well as mid-sized stationary rock breakers for underground applications. BTl also designs, engineers, manufactures and markets a line of four wheel drive articulated production and utility vehicles for underground mining. Osborn designs, engineers, manufactures and markets a line of minerals processing equipment. Astec Brazil operated as a distributor in the South American market for the other Astec Aggregate and Mining companies and Astec asphalt plants. Telestack designs, engineers, manufactures and markets mobile bulk material handling solutions that are designed to handle all free flowing bulk materials including but not limited to ores, coal, aggregates, fertilizers, grains, woodchips and pellets.

The Company competes with Powerscreen, Finlay, Jacques, Cedarapids (all subsidiaries of Terex), Metso, McCloskey, Superior, Klemmann, Deister, F. L. Smith, McLanahan, Sandvik and Weir Minerals.

Energy Group

The Company's Energy Group comprises of five business units focused on supplying heavy equipment, such as heaters, drilling rigs, concrete plants, wood chippers and grinders, pump trailers, storage equipment and related parts to the oil and gas, construction, and water well industries. These business units include Heatec, Inc. (Heatec), CEI, Inc. (CEI), GEFCO, Inc. (GEFCO), Astec Underground, Inc. (Astec Underground) and Peterson Pacific, Inc. (Peterson).

Heatec designs, engineers, manufactures and markets a variety of thermal fluid heaters, process heaters, waste heat recovery equipment, liquid storage systems and polymer and rubber blending systems. CEI designs, engineers, manufactures and markets thermal fluid heaters, storage tanks, rubberized asphalt and polymer blending systems, and concrete production plants for the polymer, concrete and other industries. GEFCO designs and manufactures portable drilling rigs and related equipment for the water well, environmental, groundwater monitoring, construction, mining and shallow oil and gas exploration, and production industries. Astec Underground manufactures and markets a trailer-mounted double fluid pumper for use in the hydraulic fracturing and the oil and gas extraction industries. Peterson designs, engineers, manufactures and distributes large whole-tree pulpwood chippers, biomass chippers, horizontal grinders and blower trucks primarily for the construction, landscaping, recycling, and biomass energy markets.

The Company competes with Gencor, ADM, Meeker, Versa Drill, Schramm, Atlas Copco, National Oil Well, Blohm & Vos, Oil Country, NOV/Rolligon, Dragon, Morback, Power Screen (Terex), Precision Doppstadt and Stewart & Stevenson.

Company Address

Astec Industries Inc

1725 Shepherd Rd
CHATTANOOGA   TN   37421-2947
P: +1423.8995898
F: +1423.8994456

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