Issue link: http://read.dmtmag.com/i/58868
Aggregate and Mining Group Mobile Screening Plants Portable Screening Plants Stationary Screen Structures High Frequency Screens Crushing Equipment Vibrating Equipment energy [infrastructure] [mining] Astec Industries, Inc. [ ] Astec Agregados E Mineração Do Brasil LTDA Vespasiano, Minas Gerais, Brazil To better position Astec Industries for growth in the South American market, a joint venture was recently formed with Manufatura E Desenvolvimento de Equipamentos LTDA. (MDE). Astec Agregados E Mineração Do Brasil LTDA., of which Astec Industries, Inc. holds a 75% share, will provide for localized manufacturing, sales, distribution, and product support to aggregate and mining companies throughout Brazil and South America. The joint venture is constructing an 110,021 ft2 (10,221 m2 ) manufacturing facility in Vespasiano, Minas Gerais, Brazil which will employee 33 persons when it begins operations in late 2012, eventually growing to around 115 employees. Products initially manufactured at the new facility will include KPI-JCI track mounted crushers, as well as Telsmith jaw and cone crushers. Expansion to additional Astec products and brands is planned to benefit from decreased freight and import costs, as well as achieving market share growth in relation to competitors with an existing manufacturing base in Brazil. "Over the last decade MDE has established themselves as a leader in the sales, distribution, and product support of aggregate and mineral handling systems within the Brazilian marketplace," says Richard Patek, Group Vice President, Astec Aggregate & Mining Group, "By partnering with MDE, Astec Industries, Inc. can better offer our innovative solutions within this rapidly expanding marketplace." Astec Agregados E Mineração Do Brasil LTDA proposed facility in Vespasiano, Brazil. 18 Telsmith 44 Cone Crusher. 2011 Astec Industries, Inc. Annual Report Telsmith 3538 Jaw Crusher in a modular plant installation.