Astec Industries, Inc.
Astec Industries, Inc. (Astec) is a manufacturer and distributor of equipment used in various industries. It manufactures more than 180 products from rock crushing and screening plants to hot mix asphalt (HMA) facilities, concrete plants, horizontal directional drills, gas and oil drilling rigs, geothermal drills, milling machines, asphalt pavers, material transfer vehicles, trenchers, horizontal directional drills, and wood processing equipment. The company operates through its subsidiaries and has manufacturing operations spread across the world. The company was founded in the year 1972 and is headquartered at Chattanooga, US.The company reported revenues of (U.S. Dollars) USD 973.70 million during the fiscal year ended December 2008, an increase of 12.05% over 2007. The operating profit of the company was USD 92.32 million during the fiscal year 2008, an increase of 6.44% over 2007. The net profit of the company was USD 63.13 million during the fiscal year 2008, an increase of 11.15% over 2007.
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