Profile: Kennametal Inc (KMT.N)
29 Aug 2014
Kennametal Inc. (Kennametal), incorporated on June 25, 1943, is a supplier of tooling, engineered components and advanced materials consumed in production processes. It operates in two segments: Industrial and Infrastructure. The Company's product offering includes a wide selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as advanced, materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. The Company specializes in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using specialized types of powder metallurgy. The Company's metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. It also manufactures and markets a complete line of tool holders, tool-holding systems and rotary-cutting tools by machining and fabricating steel bars and other metal alloys. In August 2013, the Company announced that it has completed acquisition of the operating assets of Comercializadora Emura S.R.L. and certain related entities (Emura), based in La Paz, Bolivia. In November 2013, Allegheny Technologies Inc has completed the sale of its tungsten materials business to Kennametal Inc.
The Company produces specialized compacts and metallurgical powders, as well as products made from tungsten carbide or other hard materials that are used for custom-engineered and applications, including mining and highway construction, among others. Further, the Company develops, manufacture and markets engineered components and surface technology solutions with metal cladding capabilities, as well as process technology and materials that focus on component deburring, polishing and effecting controlled radii. The Company maintains two premium brands: Kennametal and Widia. These master brands also include sub-categories with various trade names combining the Kennametal master brand with identifying categorical names, such as Kennametal Conforma Clad; Kennametal Tricon; Kennametal Extrude Hone; Kennametal Sintec; Kennametal International Specialty Alloys, and Kennametal Stellite.
In the Industrial segment, the Company focuses on customers in the aerospace, defense, transportation and general engineering markets sectors, as well as the machine tool industry. The Company's customers in these end markets use the Company's products and services in the manufacture of engines, airframes, automobiles, trucks, ships and other various types of industrial equipment.
In the Infrastructure segment, which includes the Stellite acquisition, the Company focuses on customers in the energy and earthworks sectors who support primary industries. It includes oils and gas, power generation and process industries, such as food and beverage and chemicals; underground, surface and hard-rock mining, and highway construction and road maintenance.
1600 Technology Way,
P O Box 231
LATROBE PA 15650