Astec Industries, Inc. builds the equipment that moves America and the world from “Rock to Road and Beneath"
Astec Industries, Inc. was founded in 1972 with the vision to apply creative thinking and state-of-the-art technology to traditionally low-tech industries, bolstered by a corporate culture renowned for putting customer service first. Based in Chattanooga, Tennessee, the Astec Industries, Inc. family of companies has become America’s leading manufacturer of equipment for asphalt road building, aggregate processing, oil, gas and water well drilling and wood processing.
Today Astec Industries, Inc. manufactures more than 200 products from rock crushing and screening plants to hot mix asphalt (HMA) facilities, concrete plants, water, gas and oil drilling rigs, geothermal drills, milling machines, asphalt pavers, material transfer vehicles, and wood processing equipment.
Astec’s goal is to design, manufacture and provide the most innovative, productive and reliable equipment for building and restoring the world’s infrastructure, coupled with unparalleled customer service, training, education and support. No other company in the world competes with Astec in all or even most of its product lines. Astec’s innovative products have led to a continuous stream of new patents and are in ever increasing demand. The Astec companies have become leaders in their respective markets by giving Astec customers the means to be more productive and profitable while giving the highway owners and users smoother, safer and more durable roads and related infrastructure.
Astec’s domestic customers are open mine and quarry operators, asphalt road paving contractors, aggregate and hot-mix asphalt producer and government agencies. In the international market, Astec serves both government and private customers and has become a major force with a global reach.
On the corporate level, Astec Industries, Inc. (NASDAQ: ASTE) consists of a small group of executive officers and staff who provide strategic direction and coordination, funding and oversight to a family of operating subsidiaries. Each company has its own management team with the industry experience and technical expertise to enable that company to grow and prosper in its target market. Each of the Astec companies has considerable autonomy and flexibility to organise and equip itself in a manner that maximises its opportunities in its target market.