Astec Industries (NASDAQ:ASTE) (NASDAQ:ASTE) is a leading global manufacturer of equipment for the asphalt road building, aggregate processing, pipeline, and concrete industries. The company designs, engineers, and produces a broad portfolio that includes asphalt plants and mixers, cold-milling machines, material processing systems, concrete plants, and tunneling equipment. Astec also offers components and parts, as well as aftermarket support, to help contractors optimize operational uptime and performance.
Founded in the early 1970s and headquartered in Chattanooga, Tennessee, Astec Industries has grown through both internal innovation and strategic acquisitions. Over the decades, the company has expanded its product range to serve a variety of infrastructure and industrial markets, integrating technologies from acquired businesses into its core divisions. This growth strategy has enabled Astec to enhance its manufacturing capabilities and broaden its engineering expertise, positioning it to address evolving customer needs.
Astec Industries operates through a network of manufacturing facilities and distribution centers across North America, South America, Europe, Asia, and Australia. This global footprint allows the company to serve municipal, government, and private sector customers involved in highway construction, mining operations, pipeline installation and maintenance, as well as concrete production projects. By maintaining local production and service sites, Astec can respond quickly to regional market demands and provide timely technical support.
The company is led by President and Chief Executive Officer Michael W. Levy, supported by a senior management team with decades of experience in heavy-equipment manufacturing and international sales. Astec’s leadership emphasizes continuous product development, customer service excellence, and operational efficiency. Through ongoing investments in research and development, Astec aims to deliver innovative machinery and digital solutions that improve project productivity and sustainability for its global customer base.
