Kennametal Inc was incorporated in Pennsylvania in 1943. The Company is a supplier of tooling, engineered components and advanced materials consumed in production processes. It operates two reportable operating segments consisting of Industrial and Infrastructure. As a enterprise, it delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions. Its solutions are built around industry-essential technology platforms. These include metalworking tools, engineered components and surface technologies that are mission-critical to the performance of its customers battling extreme conditions such as fatigue wear, corrosion and high temperatures. End users of its products include metalworking and machinery manufacturers and suppliers across a diverse array of industries, including the aerospace, defense, transportation, machine tool, light machinery and heavy machinery, as well as producers and suppliers in a number of equipment-intensive industries such as coal mining, road construction and quarrying, as well as oil and gas exploration, refining, production and supply. Its end users' applications range from airframes to mining operations, engines to oil wells and turbochargers to processing. The Company's product offering includes a selection of standard and customized technologies for metalworking, such as sophisticated metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. It offers these products through a variety of channels to meet customer-specified needs. The Company develops and manufactures metalworking tools and wear-resistant engineered components and coatings using a specialized type of powder metallurgy. Its metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. It also manufactures and markets a complete line of tool holders, tool-holding systems and rotary-cutting tools by machining and fabricating steel bars and other metal alloys. In addition, it produces specialized compacts and metallurgical powders, as well as products made from tungsten carbide or other hard materials that are used for custom-engineered and challenging applications, including mining and highway construction, among others. Further, it develops, manufactures and markets engineered components and surface technology solutions with proprietary metal cladding capabilities, as well as process technology and materials that focus on component deburring, polishing and effecting controlled radii. The Company sells its products through the following, distinct sales channels: a direct sales force; a network of independent distributors and sales agents in North America, Europe, Latin America, Asia Pacific and other markets around the world; integrated supply chain channels; and via the Internet. The Company competes in the sale of all its products with approximately 30 companies in the United States, with many more offering similar capabilities to customers in 60 countries around the world.
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