Kennametal Celebrates 75 Years of Advancing Innovation

Thu Feb 28, 2013 4:30pm EST

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LATROBE, Pa.,  Feb. 28, 2013  /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) marks
its 75th  year as an industrial technology leader, delivering productivity,
innovation and performance around the world in the aerospace, earthworks,
energy, industrial production and transportation industries.  

(Photo:   http://photos.prnewswire.com/prnh/20130228/NE68031 )

Founded in 1938,  Philip McKenna's breakthrough invention of tungsten-titanium
carbide alloys started a company of 12 employees and  $30,000  in revenues in
its first year. Since then, the company he founded - subsequently renamed
Kennametal - has grown 100,000-fold to nearly  $3 billion  in revenues, serving
more than 80,000 customers in 60-plus countries.  

The company's success today holds true to McKenna's focus on continuously
improving customers' productivity. Kennametal industrial technologies today
enable advanced manufacturing; effective road rehabilitation; safe, efficient
mining and energy production; and peak performance in transportation equipment,
from planes, to trains and automobiles.

"We drive a strong culture of innovation and performance at Kennametal, starting
with knowledgeable people and proprietary material science to develop better
tooling technologies and engineered components for the world's most demanding
work," said  Carlos Cardoso, Kennametal chairman, president and CEO. "Today, we
consistently achieve 40 percent or more of sales each year from new products
that offer customers at least 20 percent performance improvement."  

March 1st  begins a year-long celebration with various activities planned
throughout the globe. Visit  Kennametal's website  to learn more about the
company's history and present-day success.

Celebrating its 75th  year as an industrial technology leader, Kennametal Inc.
delivers productivity to customers seeking peak performance in demanding
environments. The company provides innovative wear-resistant products and
application engineering backed by advanced material science, serving customers
in 60 countries across diverse sectors of aerospace, earthworks, energy,
industrial production, transportation and infrastructure. With approximately
13,000 employees and nearly $3 billion in sales, the company realizes half of
its revenue from outside  North America, and 40% globally from innovations
introduced in the past five years. Recognized among the "World's Most Ethical
Companies" (Ethisphere); "Outstanding Corporate Innovator" (Product Development
Management Association); and "America's Safest Companies" (EHS Today) with a
focus on 100% safety, Kennametal and its foundation invest in technical
education, industrial technologies and material science to deliver the promise
of progress and economic prosperity to people everywhere. For more information,
visit the company's website at  www.kennametal.com.

 

SOURCE  Kennametal Inc.


Media Relations, Christina Sutter, +1-724-539-5708, or Investor Relations, Quynh
McGuire, +1-724-539-6559

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