CMI Corporation - CMX- Profile

CMI Corporation is a manufacturer of road equipment and heavy construction equipment. The company operates mainly through mobile equipment & materials processing equipment. Mobile equipment includes concrete pavers, pavement profiling machines, pavement reclaimers and trailers used by the construction and mining industries. The company's materials processing equipment includes wide variety of paving material production plants for the manufacture of hot mix asphalt and concrete pavements. The products are used in the design and maintenance of city streets, highways, runways, county roads, bridges and parking lots. The products include asphalt plants, asphalt pavement recycling systems, concrete plants, hot mix asphalt production systems, concrete paving systems and pavement profiling equipment. The company also produces trailers for use in the mining industries, industrial scales, bridge and canal paving equipment. The company acquired all the outstanding stock of Drion Constructie B. V. B. A. during the year 1999. The company acquired Cifali & Cia Ltda. on july 26, 2000. Materials processing equipment accounted for 45% of 1999 revenues; mobile equipment, 40% and parts and used equipment, 15%.