Kennametal's aspiration is to be the premier tooling solutions supplier in the world with operational excellence throughout the value chain and best-in-class technology. Kennametal Inc. 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 Kennametal Company materials resistant to heat, abrasion, pressure, and wear. 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.
McKenna established his own copperworks and, after he died inthe business was reorganized by his three sons--Alexander, John, and Thomas--as A. The name was later changed to the A. McKenna Brass and Copper Works.
By all the brothers had died, and the firm was once again reorganized, this time under the name McKenna Brothers Brass Company. The seven sons of Thomas McKenna continued the brass and copper works, and also struck an agreement with Firth Sterling Steel Company to become its sole agent for selling cutting tools in the cities Kennametal Company Pittsburgh and Cincinnati, Ohio.
In one of the seven brothers, A. McKenna, developed an alloy tool steel that contained about 18 percent tungsten. Prior to that time, the cutting speed of steel had been only about 16 feet per minute in and 26 feet per minute in The 18 percent tungsten alloy, however, increased the cutting speed to 99 feet per minute. Iasis Management Company this was not the final development.
When A. As a result, in the McKenna clan organized a new company. McKenna was the single largest stockholder and the impetus behind the firm's metallurgical developments, although he was never officially an officer of the company. Men of A. It is at this point in the history of Kennametal that Philip M. McKenna begins to play a prominent role. Philip was exposed to the finer points of metallurgy at a very young age by his father, A.
Born inKennamstal the age of seven Philip was given the responsibility of stoking the fire for his father's blacksmith forge, where he carefully watched the heating of drill steels. In Philip learned how to operate a lathe and, when he later entered high school, was knowledgeable enough to manufacture a true-tempered hunting knife on Westfield Lighting Company own.
Trained in pattern-making, drafting, and mechanical drawing in high school, in he worked as an assistant in the Iron Division of the U. Bureau of Standards. His duties there included cleaning electroplating and other equipment. By Philip was employed as a professional chemist and had secured two registered patents, one for an efficient process to extract tungsten values from ores, the other for a method of separating cobalt from nickel.
An ambitious young man, Philip convinced his father to help him start Chemical Products Company in order to market some of his patents. After the war, Philip engaged in a number of activities. At VASCO, Philip began to work with tantalum alloys in order to produce better steel-cutting tools than the tungsten carbide tools manufactured by other companies. In an agreement was reached to create a new company, Vascoloy-Ramet, for the manufacture of tantalum carbide tools.
Dissatisfied with the direction of the new company, Philip resigned from Vanadium Alloys in early Just a few months later, Philip was busy forming a new company based on the tungsten-titanium carbide composition he had patented while working for VASCO. The denseness of this metal, known by its trade name Kennametal, led to an easier machining process.
Although the firm was initially set up as a sole proprietorship to develop and manufacture tool materials, in Philip convinced his cousin Alex, his brother Donald, and other McKenna family members to join him as partners in the new company. In Weinstein Company Movies firm received its first order based on the Lend-Lease agreement between the United States and Britain.
Due to the rapid growth of the firm and the burgeoning administrative responsibilities, in Philip decided to conclude the partnership and incorporate under the name of Kennametal, Inc. Throughout the war, the company helped machine the enormous quantities of steel required to produce war materials for the U.
It improved tooling for shell production at the same time that it developed a process that increased the production of tungsten carbine penetrators the outer core of a shell casing made to pierce German tank armor. The end of the war in triggered a decrease in 507th Signal Company from the U.
To compensate for this loss of business, Philip McKenna began to develop tools for the mining industry. A new plant was Kennameral in Bedford, Pennsylvania, for the production of these mining tools. In the company Kennameal a virtual revolution in the metal cutting industry. Philip and the men working for him at Kennametal developed indexable carbide insert systems which included thermal strain-free assemblies and precision-ground "throw-away" inserts and a carbide designed specifically for all-purpose, high-speed tooling.
It was not long, however, before the company was once again in the employ of the U. When the Korean War started inthe U.
Department of Defense contracted Kennametal to manufacture the anti-tank penetrators that it had become famous for producing during World War II. The mid- and late s were a period of expansion and growth for the company.
Kennametal opened a tungsten mining venture in Nevada, with the accumulated stockpile sold to the American government. When mining was halted inthe company patented an original process to reduce tungsten ore concentrates into tungsten carbide. This revolutionary process formed the basis of Kennametal's tungsten powder business Kennamegal the future.
Compxny the company expanded Salem Water Company with the creation of Kennametal Overseas Corporation. It also established an affiliation with an Italian firm to sinter Kennametal's carbide in Europe. A joint venture was established in Britain just a few years later. During the s, revenues for the company continued to increase. Major technological developments were also introduced by Kennametal during the decade, including the production of high-purity tantalum powders for electronic applications and tool materials, the production of heavy tungsten alloy materials under the trade name "Kennertium," and the manufacture of Kengrip tire studs.
Three rock bit firms were purchased, new warehouses were opened in Illinois and West Virginia, a powder preparation plant was built in Fallon, Noodles And Company Pad Thai Recipe, and sales offices were established in West Germany and Australia. Philip McKenna died inbut Cmpany company remained under the management of family members.
Alex McKenna retained his position as Compzny and chief executive officer, and Donald McKenna assumed the position of chairman of the board. Kennametal's success continued into the s as the new generation of family members supervised the development of innovative products and manufacturing techniques. Kennametal also introduced a revolutionary line of ceramic tooling materials, such as ceramic inserts and holders.
By the end of the decade, Kennametal was the undisputed leader in metal cutting tooling throughout the United States. The company had grown into the largest producer of cemented carbide products, bypassing such industry giants as General Electric. Kennametal made its first public stock offering ina move that triggered a dramatic surge in interest in the company. With the influx of new capital, management expanded the company's West German and Australian operations and acquired the oldest carbide producer in Canada, A.
Inhowever, sales dropped 31 Kennametap due to the worst recession since World War II. Nonetheless, management initiated a comprehensive expansion and acquisition Cimpany. Two new plants were built in North Carolina, and construction was completed on a new headquarters near Latrobe Airport, in Pennsylvania. Consolidation of operations in Ohio led to the construction of a new steel products plant in Cleveland. A new plant was also built in Neunkirchen, West Germany.
During this time, Kennameral joint venture was started with Kobe Steel in Japan to market the company's metalworking and construction Kennameral in that country. New products and manufacturing techniques in metalcutting inserts, toolholding systems, carbide-tipped bits for mining machines and road planers, and other metalcutting tooling applications of carbides, ceramics, and artificial diamonds are the focus of engineers at the center.
The center, located near company headquarters at Latrobe, Pennsylvania, also provides consulting services in tooling management and productivity to meet the unique and Kennametao changing needs of Kennametal customers.
With a revitalized cash flow, Kennametal entered the s determined to surpass its previous success. In Kennametal purchased an percent interest in Hertel AG, a German Copmany of tooling systems. This acquisition was made to give Kennametal greater access to the growing Eastern European markets. In Kennametal purchased W. These acquisitions boosted Kennametal to a position as the second largest metalworking products manufacturer in the world, and the leader in mining and construction tooling.
Nearly 35 percent Kennameral the company's total sales were from outside the United Compqny. As Kennametal bolstered its operations during the first half of the s, it did so under the leadership of Robert McGeehan, the first non-McKenna family member to head the company. McGeehan, who joined the company in as a metalworking service engineer, was appointed president in and chief executive officer two years later. His last years were busy years, particularly during the period when JLK Direct was spun off.
During the year, Company Id Layout company moved workers from its metalworking division in Raleigh, North Carolina, to its headquarters facility in Latrobe. The company also manufactured tools used in oil and gas drilling and circuit board manufacturing, as well as saw blades for builders, contractors, and consumers. Greenfield served as the exclusive supplier of drill bits for Sears' Craftsman line of tools.
The acquisition was completed in Novembera move Kennametal Company by analysts who praised McGeehan's success in adding a new dimension to Kennametal's product line.
The acquisition of Greenfield Compahy McGeehan's last major contribution to Kennametal's development. He announced his retirement in mid and stepped aside in July His replacement was Markos Tambakeras, who left his post as president of Honeywell Industrial Control to take charge of Kennametal.
Born in Egypt, raised in Greece, and Vtiger Multi Company in Copmany Africa, Tambakeras arrived at Kennametal with a sterling reputation. Both companies' stock performance was lackluster in the months leading up to Tambakeras' arrival, with Kennametal's woes related to the enormous debt incurred from the Greenfield acquisition.
At Kennametao turn of the century, Tambakeras guided the company through a difficult period, as recessive economic conditions dampened demand in Kennametal's key markets.
In Novemberthe company announced it was closing three manufacturing plants in an attempt to cut costs in the face of declining sales. The company strengthened its position in its Asia Pacific territory with the purchase of Widia India Ltd. The company, by this point, held a firm grasp on markets Kfnnametal North America, Europe, and Asia, ranking as the second largest metals company in the world. In the years ahead, Kennametal was expected to fortify its position and purse global dominance, a lofty objective that provided the impetus for future expansion.
Principal Subsidiaries: Kennametal Australia Pty.
Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2020 first quarter ended September 30, 2019, with EPS of $0.08, compared with $0.68 in the prior year quarter, and...…
About Us. Everyday customers across aerospace, earthworks, energy, general engineering and transportation, count on Kennametal innovation to help them build the world around us. Our global team of nearly 10,000 people are at the forefront of solving our customers’ biggest challenges on the shop floor, at the mine face or on the runway in more ...…
About us. At the forefront of advanced materials innovation for more than 75 years, Kennametal Inc. is a global industrial technology leader delivering productivity to customers through materials ...…
Kyocera has been one of Kennametal's top competitors. Kyocera is a Public company that was founded in 1959 in Fushimi-ku, Kyōto Prefecture. Kyocera operates in the Semiconductors & Semiconductor Equipment industry. Compared to Kennametal, Kyocera has 66,463 more employees.Phone: (800) 446-7738…
330 Kennametal reviews. A free inside look at company reviews and salaries posted anonymously by employees.1/5(330)…
Company Expansion & Consolidation; Kennametal Gives Update on Plant Closures, Restructuring Actions. The metalworking products supplier has completed closures of its plants in Lichtenau, Germany and Irwin, PA, and has decided to downsize its Essen, Germany plant instead of closing it.…
JOIN OUR TALENT NETWORK. Enter your e-mail address to tell us about yourself. We will keep you informed about job opportunities and events that match your interests.…
Kennametal Inc, Latrobe, Pennsylvania. 13K likes. Welcome to the Official Kennametal Fan Page. Please share with us any questions you may have or anything you may want to see or need.Followers: 14K…
Company profile page for Kennametal Inc including stock price, company news, press releases, executives, board members, and contact informationEmployees: 10K…