Our Business Landscape and Market Philosophy
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. market leading brands have become a global leaders in the manufacture of equipment for asphalt road building and aggregate processing.
Today Astec Industries, Inc. manufactures more than 100 products from rock crushing and screening plants to hot mix asphalt (HMA) facilities, concrete plants, milling machines, asphalt pavers, and material transfer vehicles.
Astec's goal is to design, manufacture and provide the most innovative, productive and reliable equipment for the industries we serve, 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 brands have become leaders in their respective markets by giving Astec customers the means to be more productive and profitable.
Ultimately, our goal is to design and build state-of-the-art equipment which makes it possible for our customers to supply their customers with industry leading results profitably.
For our customers, we will continue to be the most innovative company in our industry offering the world’s most advanced, productive, durable and environmentally friendly products, coupled with training and education, service and support that is far beyond anything offered by our competition.
For our shareholders, we strive to deliver continuous increases in shareholder value through stable long-term growth in earnings per share. To that end, we plan to expand and enhance the scope and profitability of our core business through internal growth and strategic acquisitions.
Our Core Values
- Continuous devotion to meeting the needs of our customers.
- Honesty and integrity in all aspects of business.
- Respect for all individuals.
- Preserving entrepreneurial spirit and innovation.
- Safety, quality and productivity as means to ensure success.
Main Customer Base
Astec's global customer industries include:
- Highway Construction
- Civil Construction
- Open Mine and Quarry Operations
- Soil Remediation
- Industrial Sites
Locations Around The World
ESG Statement of Purpose
Astec is committed to respect for the environment. We are passionate about the health, safety and diversity of our employees. We strive to mitigate risks and maximize returns for our shareholders. We are focused on the innovation of Rock to Road products used to recycle natural resources and reduce carbon footprints for the good of all.
Conflict Minerals Policy
Astec has established a policy governing the use of Conflict Minerals. This policy can be viewed by clicking the link below. Questions about Astec’s policy may be directed to the Astec’s Compliance Officer at (423) 553-5952.