Astec Inks Strategic Partnership With Carboncure Technologies

Astec Industries, Inc. ASTE entered a strategic partnership with CarbonCure Technologies to strengthen its commitment to sustainability under its OneASTEC business model.
CarbonCure Technologies' product enables concrete producers to reduce carbon footprint without sacrificing quality and strength.
ASTEC, which includes RexCon, CON-E-CO, and BMH Systems brands, has rights as CarbonCure's exclusive channel partner in the U.S. and Canada to offer its technology to customers looking for sustainable building solutions.
CarbonCure's technology easily integrates within ASTEC's new and existing ready-mix concrete plants. Their equipment reduces embodied carbon by injecting CO2 during the batching process, sequestering it within the concrete.
To date, CarbonCure's concrete technology has been installed in more than 400 concrete plants worldwide as the demand for low-carbon concrete increases.
Price Action: ASTE shares are trading higher by 2.37% at $55.09 on the last check Friday.