ASTE

Astec Industries manufactures equipment and systems for infrastructure construction, asphalt road paving, aggregate mining and processing, and concrete production serving contractors, material producers, and highway departments globally. Headquartered in Chattanooga, Tennessee, Astec operates through multiple divisions producing asphalt plants manufacturing hot mix asphalt for road construction, aggregate processing equipment including crushers, screens, and conveyors for mining operations, mobile asphalt pavers and material transfer vehicles, concrete plants mixing ready-mix concrete, thermal fluid heating systems for industrial applications, and telematic control systems optimizing equipment performance. The company's brands include Astec, Roadtec, Telsmith, Johnson Crushers, Heatec, and KPI-JCI, each serving specific infrastructure and mining equipment niches with specialized product lines developed over decades. Astec sells through direct sales forces and independent dealer networks serving customers in over 100 countries with North America representing approximately 60-65% of total revenues while international sales particularly in developing markets contribute growing portions as infrastructure investment accelerates globally. The company reported annual revenues of approximately $1 billion with profitability sensitive to construction spending cycles, raw material costs especially steel pricing, and infrastructure funding availability from government highway bills and municipal bond issuances. Astec employs approximately 3,500 people operating manufacturing facilities across Tennessee, Minnesota, South Dakota, and international locations supporting global service networks. Recent strategic initiatives emphasize product innovation including cleaner emission controls meeting tightening environmental regulations, digital technologies enabling remote equipment monitoring and predictive maintenance, and expanding parts and service businesses providing higher-margin recurring revenue streams.