Kennametal celebrates 75 years
March 18, 2013
2013 marks the 75th anniversary of Kennametal Inc. 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.
The company provides innovative wear-resistant products and application engineering, backed by advanced material science, across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure.
“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,” stated Carlos Cardoso, Kennametal Chairman, President and CEO.
“Today, we consistently achieve 40% or more of sales each year from new products that offer customers at least 20% performance improvement.”
A year-long celebration with various activities planned throughout the world began on March 1st.