rom its founding in 1938, the McKenna family incorporated Kennametal Inc. in
Pennsylvania in 1943. As a global industrial leader, Kennametal delivers productivity
solutions to customers seeking peak performance in demanding environments. The
Company provides innovative wear-resistant products, application engineering
and services backed by advanced material science serving customers across diverse
sectors of industrial production, transportation, earthworks, energy, infrastructure
and aerospace. Kennametal solutions are built around industry-essential technology
platforms, including precision-engineered metalworking tools and components,
surface technologies and earth cutting tools that are mission-critical to customer
operations battling extreme conditions associated with wear fatigue, corrosion
and high temperatures. The Company’s reputation for material and industrial
technology excellence, as well as expertise and innovation in the development
of custom solutions and services, contributes to its leading position in its
primary industrial and infrastructure markets. End users of the Company’s
products include manufacturers, metalworking suppliers, machinery operators
and processors engaged in a diverse array of industries, including the manufacture
of transportation vehicles and systems; machine tool, light machinery and heavy
machinery industries; airframe and aerospace components and systems, defense;
as well as producers and suppliers in equipment-intensive operations such as
coal mining, road construction, quarrying, oil and gas exploration, refining,
production and supply.
Our product offering includes a wide selection of standard and customized technologies
for metalworking, such as sophisticated metal cutting tools, tooling systems
and services, as well as advanced, high-performance materials, such as cemented
tungsten carbide products, super alloys, coatings and investment castings to
address customer demands. We offer these products through a variety of channels
to meet customer-specified needs. We are a leading global supplier of tooling,
engineered components and advanced materials consumed in production processes.
We believe we are one of the largest global providers of consumable metal cutting
tools and tooling supplies.
The Company manages and reports its business in the following two segments:
Industrial and Infrastructure. The Companys reportable operating segments have
been determined in accordance with the Companys internal management structure,
which is organized based on operating activities, the manner in which we organize
segments for making operating decisions and assessing performance and the availability
of separate financial results.
We specialize in developing and manufacturing metalworking tools and wear-resistant
engineered components and coatings using a specialized type of powder metallurgy.
Our metalworking tools are made of cemented tungsten carbides, ceramics, cermets
and super-hard materials. We also manufacture and market a complete line of
tool holders, tool-holding systems and rotary-cutting tools by machining and
fabricating steel bars and other metal alloys. In addition, we produce 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,
we develop, manufacture and market engineered components and surface technology
solutions with proprietary metal cladding capabilities, as well as process technology
and materials that focus on component deburring, polishing and effecting controlled
radii.
0 %