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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 over 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). 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, screeds, milling machines, material transfer vehicles, stabilizers and related ancillary equipment. AMM and Astec Australia primarily sell, service and install products produced by the manufacturing subsidiaries of the Company.

Astec offers portable asphalt plants, which are marketed as Six Pack and consists of over six or more portable components. Astec also offers Turbo Six Pack, which is portable plant used in less populated areas. Astec offers Double Barrel Green System, which allows the asphalt mix to be prepared and placed at lower temperatures. Astec builds batch type asphalt plants and has asphalt recycling equipment for use with its hot-mix asphalt plants. Roadtec manufactures asphalt pavers, material transfer vehicles, milling machines, soil stabilizing-reclaiming machinery and other equipment used in road building and resurfacing. Roadtec's Shuttle Buggy is a mobile, self-propelled material transfer vehicle that allows continuous paving by separating truck unloading from the paving process while remixing the asphalt.

Carlson manufactures screeds, which attach to asphalt paving machines and place asphalt on the roadbed at a desired thickness and width. Carlson offers options to its screeds that allow extended paving widths and the addition of a curb on the road edge. Carlson also offers over two commercial class eight foot pavers designed for parking lots, residential and secondary road applications. Astec Australia markets relocatable and portable asphalt plants, and components produced by Astec, Heatec, Inc. and CEI, Inc.; asphalt paving equipment and components produced by Roadtec and Carlson, and aggregate equipment produced by its Aggregate & Mining Group.

The Company competes with Gencor Industries, Inc., ADM, Almix, Ammann, Fayat/Marini, Benninghoven/Wirtgen, 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 consists of over eight business units that are focused on designing and manufacturing heavy processing equipment, servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling 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 crushers, vibrating equipment, modular relocatable stationary plants, mobile portable plants and larger track mounted systems. Telsmith also provides consulting and engineering services. KPI, JCI and AMS design, engineer, manufacture and support equipment that serves the aggregate, metallic and nonmetallic, bulk handling and concrete and asphalt recycling markets. KPI's, JCI's and AMS's core products include crushers, vibrating equipment including high frequency, washing equipment, material handling equipment, stationary plants, portable plants, including the industry recognized Fast Pack System, and a line of fast track and global track systems.

BTl designs, engineers, manufactures and markets a line of 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, scalers and rock breakers for underground mining. Osborn designs, engineers, manufactures and markets a line of minerals processing equipment. Astec Brazil operates as a distributor in Brazilian market for 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 Metso Minerals, Sandvik Mining and Construction, Terex MP and Powerscreen, Atlas Copco Mining, McCloskey, Superior Industries, Wirtgen, Deister, McLanahan, CDE Global and Weir Minerals.

Energy Group

The Company's Energy Group includes over 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) and Peterson Pacific, Inc. (Peterson).

Heatec designs, engineers, manufactures and markets various thermal fluid heaters, process heaters, waste heat recovery equipment, liquid storage systems, and polymer and rubber blending systems under the HEATEC trademark. CEI designs, engineers, manufactures and markets thermal fluid heaters, portable and stationary storage tanks, rubberized asphalt and polymer blending systems for the asphalt and other industries. CEI also designs and builds continuous and batch type concrete production plants, as well as water heaters and other equipment for the concrete industry. 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. 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, Almix, Fulton, Sigma Thermal, Erie Strayer, Con-E-Co, Meeker, Versa Drill, Schramm, Atlas Copco, National Oil Well, Blohm & Vos, Oil Country, NOV/Rolligon, Stewart & Stevenson, Dragon, Morbark, Terex, Precision Doppstadt, Bandit, Jenz, Komptech and Fin.

Company Address

Astec Industries Inc

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

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