Profile: Kennametal Inc (KMT)
22 May 2019
Kennametal Inc. (Kennametal), incorporated on June 25, 1943, is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Company provides wear-resistant products, application engineering and services backed by material science serving customers across diverse sectors of industrial production, transportation, earthworks, energy, construction, process industries and aerospace. Kennametal solutions are built across technology platforms, including precision-engineered metalworking tools and components, surface technologies and earth cutting tools that are mission-critical to customer operations battling conditions associated with wear fatigue, corrosion and high temperatures.
End users of the Company's products include manufacturers, metalworking suppliers, machinery operators and processors engaged in a range of industries, including the manufacture of transportation vehicles and components; machine tool, light machinery and heavy machinery industries; airframe and aerospace components, defense, and producers and suppliers in various operations, such as coal mining, road construction, quarrying, oil and gas exploration, refining, production and supply. The Company's product offering includes a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands.
The Company is engaged in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using a type 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 line of tool holders, tool-holding systems and rotary-cutting tools by machining and fabricating steel bars and other metal alloys. In addition, it 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 challenging applications, including mining and highway construction, among others. Further, it develops, manufactures and markets engineered components and surface technology solutions with metal cladding capabilities.
The Company markets its products under two brands: Kennametal and WIDIA. The Company also has international operations in Western Europe, Asia and Canada. It operates additional manufacturing and distribution facilities in Israel and South Africa, while serving customers through sales offices, agents and distributors in Eastern Europe and other parts of the world. The Company sells its products through a range of sales channels: a direct sales force; a network of independent distributors and sales agents in North America, Europe, Latin America, Asia and other regions across the world; integrated supply channels, and through the Internet.
In the Industrial segment, the Company focuses on customers in the transportation, general engineering, aerospace and defense market sectors, as well as the machine tool industry. The Company's customers use its products and services in the manufacture of engines, airframes, automobiles, trucks, ships and other various types of industrial equipment.
In the Infrastructure segment, the Company focuses on customers in the energy and earthworks market sectors. The Company's customers support primary industries, such as oil and gas, power generation and chemicals; underground, surface and hard-rock mining; highway construction and road maintenance, and process industries, such as food and beverage.
600 Grant St Ste 5100
PITTSBURGH PA 15219-2706