Profile: Astec Industries Inc (ASTE.OQ)

ASTE.OQ on NASDAQ Stock Exchange Global Select Market

6 Mar 2015
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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; 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 Asphalt Group, Aggregate and Mining Group, Mobile Asphalt Paving Group and Underground Group.

Asphalt Group

The Asphalt Group segment is made up of three business units: Astec, Inc. (Astec), Heatec, Inc. (Heatec) and CEI Enterprises, Inc. (CEI).  These business units design, engineer, manufacture and market a complete line of asphalt plants, concrete mixing plants, wood pellet plants, and related components of each, heating and heat transfer processing equipment and storage tanks for the asphalt paving and other non-related industries. Astec designs, engineers, manufactures and markets a complete line of portable, stationary and relocatable hot-mix asphalt plants and related components under the ASTEC, as well as a line of concrete mixing plants. Its portable asphalt plants is marketed as the Six Pack and consists of six or more portable components, which can be disassembled, moved to the construction site and reassembled, thereby reducing relocation expenses.

The Company’s 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 under the HEATEC. It manufactures a complete line of asphalt heating and storage equipment to serve the hot-mix asphalt industry and water heaters for concrete plants. The Company’s CEI designs, engineers, manufactures and markets thermal fluid heaters, storage tanks, rubberized asphalt and polymer blending systems under the CEI.

The Company competes with Terex Corporation, Gencor Industries, Inc., ADM, Parker, Almix, Hyway Heat Systems, American Heating, Pearson Heating Systems, Reliable Asphalt Products, F&C and Meeker.

Aggregate and Mining Group

The Company's Aggregate and Mining Group is comprised of seven business units focused on supplying heavy equipment and parts in the aggregate, metallic mining, quarrying and recycling 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) and Astec do Brasil Fabricacao de Equipamentos Ltda (Astec Brazil). Telsmith’s core products are jaw, cone and impact crushers, as well as vibrating feeders and inclined and horizontal screens. KPI and JCI designs, engineers, manufactures and supports a complete 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. BTl designs, engineers, manufactures and markets a complete 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.

The Company’s Osborn offers the following equipment: mineral sizers; single and double-toggle jaw crushers; cone crushers; rotary breakers; roll crushers; rolling ring crushers; mills; out-of-balance or exciter-driven screens and feeders; portable, track-mounted or skid mounted crushing and screening plants; and a full range of idlers. Astec Brazil is in the process of constructing a manufacturing facility in Brazil. Astec Brazil is operating as a distributor in the South American market for the other Astec Aggregate and Mining companies and Astec asphalt plants.

The Company competes with Metso, Cedarapids, Powerscreen and Finlay, McCloskey, Superior, Pegson, Jacques, subsidiaries of Terex Corporation, Klemmann, Deister, F. L. Smith, McLanahan and Sandvik.

Mobile Asphalt Paving Group

The Mobile Asphalt Paving Group is comprised of Roadtec, Inc. (Roadtec), Carlson Paving Products, Inc. (Carlson) and Astec Mobile Machinery GmbH (Astec Mobile Machinery). Roadtec designs, engineers, manufactures and markets asphalt pavers, material transfer vehicles, milling machines and a line of asphalt reclaiming and soil stabilizing machinery.  Carlson designs, engineers and manufactures asphalt paver screeds that attach to asphalt pavers to control the width and depth of the asphalt as it is applied to the roadbed. Astec Mobile Machinery serves as a distributor for Roadtec’s products in Europe and also designs, manufactures and markets screeds primarily for road construction markets outside the United States as well as a small road widener attachment.

The Company’s Roadtec's Shuttle Buggy is a mobile, self-propelled material transfer vehicle which allows continuous paving by separating truck unloading from the paving process while remixing the asphalt. Asphalt pavers are used in the application of hot-mix asphalt to the road surface.

The Company competes with Wailer, Caterpillar Paving Products, Inc., Volvo Construction Equipment, CMI Corporation, a subsidiary of Terex Corporation, Vogele America, a subsidiary of Wirtgen America, Dynapac, a subsidiary of Atlas-Copco, and Lee Boy.

Underground Group

The Underground Group consisted of three manufacturing companies: Astec Underground, Inc. (Astec Underground), American Augers, Inc. (American Augers) and GEFCO, Inc. (GEFCO). GEFCO designs, engineers and manufactures a complete line of drilling rigs for the oil and gas, geothermal and water well industries as well as its line of King Oil tools.  Astec Underground continues to produce high pressure diesel powered pump trailers used for fracking and cleaning oil and gas wells and drilling rigs for the oil and gas industries.

The Company competes with Versa Drill, Schramm, Atlas Copco, National Oil Well, Blohm & Vos, Oil Country, NOV/Rolligon, Stewart & Stevenson and Dragon.

Company Address

Astec Industries Inc

1725 Shepherd Road
P: +1423.8995898
F: +1423.8994456

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