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2006-03-21 News Headlines

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Kennametal opens new tooling facility in Brazil

Kennametal announces the grand opening of its new custom tooling and engineered components manufacturing operations facility in Brazil.

Kennametal Inc. (NYSE: KMT) announced today the grand opening of its new manufacturing facility in Brazil. This seventy-five thousand square foot facility is located in Brazil's Industrial District of Indaiatuba and will support Kennametal's custom tooling and engineered components operations. The new facility, though small, is an important extension of Kennametal's business in the region, and is in line with their strategy to provide services where there is customer demand and to grow in developing economies.

"More than one billion new consumers are coming on line in the emerging economies - our global customers are moving rapidly to serve these markets and we are moving just as quickly to serve those customers," commented Carlos Cardoso, Kennametal President and CEO. "Our strategy is to grow our market share in some of these geographies, and Brazil is a key market for us. Our presence promotes customer intimacy, shorter lead times, global and local availability, and situates us to gain market share. We have a strong team in Brazil, have seen good growth there and are excited that with our new facility we will be able to offer even better service to our customers in this region and grow faster."

Kennametal Brazil Grand Opening. Click go for larger image.

Kennametal started operations in the Brazilian market in 1989. Since then, Kennametal Brazil has tripled its revenue and, with the addition of its new facility, is expected to achieve and exceed growing market demand in the region while continuing to provide a competitive edge for its customers.

From left to right: Kennametal President and CEO, Carlos Cardoso; Kennametal Managing Director - Brazil, Marcelo Pruano; Kennametal Executive VP and CFO, Cathy Smith; and Kennametal Interim Director Sales - Americas, Mike Roberts attend the grand opening ceremony for the new Kennametal Brazil facility. (PR News Photo/Kennametal Inc.)

Find information about Kennametal.

Read a recent Kennametal press release; 'Global supplier of tooling, engineered components and advanced materials, Kennametal, sells industrial supply business unit to MSC Industrial Direct.'

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