Kennametal seeks site for U.S. recycling facility
Kennametal announced a plan to evaluate potential locations for an advanced carbide recycling facility in the United States.
The facility will reclaim material from scrap and consumed products such as metal-cutting inserts, and reuse it for new production.
"We're talking about a high-tech operation where we'll process used materials to develop new compounds essential to our industrial technology," said Kennametal chairman, president and CEO Carlos Cardoso. "This is an exciting first for our company, demonstrating our commitment to invest in sustainability and advanced technology strengthening our leadership in America, and our service to customers around the world."
The company also plans to expand tungsten-cobalt blended powder operations at its existing facility in Tianjin, China to serve the Asia-Pacific region.
Both multiyear projects focus on diversifying Kennametal's tungsten sourcing to balance supplies, costs and access to raw materials, while also supporting sustainability and its global growth strategy to achieve one-third of revenues each from North America, Europe and Asia/Rest of World.
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.
