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Astec triples net result in third quarter

Negotiations on new pellet projects worth roughly US$50-100m

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Published in issue 48/2016
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Following a plus of 17% in the first and roughly 54% in the second quarter of 2016, the US-American production-line producer Astec Industries Inc., Chattanooga (Tennessee), tripled net profit to roughly US$6.8m (July-Sept. 2015: 2.3m) in the third quarter. The quarter’s turnover, at US$247.8m (211.4m), was up year ...

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