A Member of: The Asphalt Group
Astec, Inc. continues to be a world leader in Hot and Warm Mix Asphalt (HMA/WMA) equipment technology, support and training. In a challenging, yet successful 2010, Astec invested in Research and Development and in working with customers to improve equipment. As a result Astec has developed a new controls system to help operators better meet jobsite project demands. Astec also continued development of its concrete plant and in 2010 confirmed a goal to reduce cement content in concrete by 18 percent. Since cement is the highest cost element for contractors producing concrete, this cost savings will be significant.
In 2010, the Dillman division of Astec, Inc. launched a new logo and an updated website to reflect the fully integrated Astec and Dillman product assortments, with both brands being sold by a single sales team.
Astec continued to expand and develop a global customer base and added international dealers in key global locations. Astec also exhibited, along with other Astec Industries companies, at the Bauma International Trade Fair held March 2010 in Munich Germany. In November of 2010, Astec was part of the Asphaltica tradeshow in Padua, Italy and the Bauma China Trade Fair held in Shanghai.
During the continuing economic slowdown in the construction industry, Astec has been fortunate to have increased market share through an increased focus on sales efforts and thanks in part to a solid reputation for parts and service. Astec is optimistic about future prospects and plans to continue to position itself to take full advantage of opportunities both domestically and abroad.