Astec Industries to close Telsmith, cease production at manufacturing facility
The closing of Telsmith will occur in phases starting August 14, 2020 and ending March 31, 2021 when the Telsmith facility will be permanently closed. The decision to close Telsmith was driven by the desire to simplify and focus business units and develop product lines on a company-wide basis and to maximize efficiencies within the Materials Solutions group, consolidate operations, and to become more flexible in production capabilities to meet customers' demands.
"Our decision to close Telsmith was not an easy one, but we feel it is necessary for the continued growth of Astec. We are incredibly proud of the strong brand and innovative products we have built with Telsmith, and I want to assure our customers that we will continue to grow the brand," said Barry Ruffalo, President and CEO of Astec Industries.
The Telsmith product lines will continue to be developed and manufactured at other Astec locations. Customers will still be able to purchase new equipment and continue to be supported with parts and service through the Astec direct and dealer channels.
More from Aggregates & Quarries
The all-new CASE TR340B compact track loader — operating at 90 horsepower with a 3,400-pound rated operating capacity — is the most powerful radial-lift CTL in the CASE lineup. Its all-new 8-inch LCD display improves on industry-leading CASE visibility with a new backup camera that is viewable in both forward and reverse operation. The display also showcases critical operating information and "trip" details. All-new electro-hydraulic controls, managed through the display, make it easier than ever for operators to dial CASE CTLs into specific application demands. All new cab controls and joysticks make the new TR340B easy to own and operate.
Industries such as construction, mining, energy, utilities and forestry, face many challenges when it comes to tracking assets and employees. Equipment often has to be transferred between locations, or monitored while it is dormant during off seasons. Lone workers may have to travel long distances or visit multiple sites during the course of their activities. And, all of this is further complicated today with shifting supply chains and economic realities putting further strain on the bottom line.