Astec Industries receives $122m equipment order from Highland Pellets
Tennessee, US-based Astec Industries has received a $122.5 million (€108.3m) order to supply equipment for a Highland Pellets pellet plant, along with a related deposit on the order.
Astec previously announced receipt of the initial $30 million order on August 20, 2015.
The company plans to build and deliver the equipment in the additional order during 2016 and will discuss the details of the entire order on its first quarter earnings release conference call.
Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing, oil, gas and water well drilling, and wood processing.