Kennametal Inc. - Introduction

Introduction

1600 Technology Way
Latrobe, Pennsylvania 15650
U.S.A.
Telephone: (724) 539-5000
Fax: (724) 539-7835
Web site: http://www.kennametal.com

Public Company
Incorporated: 1938 as McKenna Metals Company
Employees: 13,700
Sales: $1.97 billion (2004)
Stock Exchanges: New York
Ticker Symbol: KMT
NAIC: 333512 Machine Tool (Metal Cutting Types) Manufacturing; 333131 Mining Machinery and Equipment Manufacturing; 333515 Cutting Tool and Machine Tool Accessory Manufacturing

Kennametal Inc. ranks as the largest manufacturer of metalcutting tools in North America and as the second-largest competitor worldwide. Kennametal also ranks as the world's leading manufacturer of tools used by the mining and highway construction industries. Kennametal's tools and tooling systems utilize complex metallurgy and materials science in tungsten carbide powders, high-speed steels, ceramics, industrial diamonds, and other materials resistant to heat, abrasion, pressure, and wear. The company markets its products under various brand names, including Kennametal, Hertel, Rubig, Widia, Cleveland Twist Drill, Greenfield, Hanita, Circle Machine, and Disston. Kennametal markets its products in more than 60 countries, deriving nearly half its sales from outside the United States. Overseas, the company's European operations are based in Furth, Germany, and its Asian operations are based in Singapore. Kennametal operates 28 manufacturing plants in the United States and 25 production facilities overseas.