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Sep 2014  
 
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Kennametal celebrates 75 years

Kennametal Inc., Latrobe, Pa., is celebrating its 75th anniversary. Founded in 1938, Philip McKenna’s 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.

The company says it still maintains McKenna’s focus on continuously improving customers’ productivity. Kennametal industrial technologies are focused on advanced manufacturing; effective road rehabilitation; safe, efficient mining and energy production; and transportation equipment, from planes, to trains and automobiles.

“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 Web site to learn more about the company’s history: www.kennametal.com.

Kennametal75

—Posted March 1, 2013


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