Kennametal celebrates 75 years
Kennametal Inc. will celebrate its 75th anniversary beginning March 1.
Founded in 1938, Philip McKenna's breakthrough invention of tungsten-titanium carbide alloys started a company of 12 employees and $30,000 in revenues in its first year. Since then, the company he founded — subsequently renamed Kennametal — has grown 100,000-fold to nearly $3 billion in revenues, serving more than 80,000 customers in 60-plus countries.
Kennametal industrial technologies today enable advanced manufacturing; effective road rehabilitation; safe, efficient mining and energy production; and peak performance in transportation equipment, from planes, to trains and automobiles, according to a company statement.
"We drive a strong culture of innovation and performance at Kennametal, starting with knowledgeable people and proprietary material science to develop better tooling technologies and engineered components for the world's most demanding work," said Carlos Cardoso, Kennametal chairman, president and CEO. "Today, we consistently achieve 40 percent or more of sales each year from new products that offer customers at least 20 percent performance improvement."
March 1 begins a year-long celebration with various activities planned throughout the globe. Visit Kennametal's website to learn more about the company's history and present-day success.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
