Kennametal Inc. Overview
Company Headquarters: US
Founded: 1938
Workforce: ~10,000
Company Working:
Kennametal Inc. is a leading manufacturer of industrial equipment and related components. It operates through three business reporting segments, namely, industrial, Widia, and infrastructure. Through the industrial segment, the company offers high-performance metalworking tools for transportation, general engineering, aerospace, and defense industries. It offers high-performance metalworking tools for manufacturing automobiles, engines, airframes, trucks, ships, and other types of industrial equipment. The company offers products under the metalworking tools, mining, construction, engineered wear solutions, and powdered materials and equipment categories. Additionally, it also provides repair and recycling service to the clients.
Kennametal Inc. has a global presence with operations in more than 60 countries. It generates more than 50% of its revenue from outside North America. The company invested nearly USD 38.9 million and USD 38.0 million in 2018 and 2017, respectively, in research and development. It distributes its products through a network of direct sales forces, independent and national chain distributors, and e-commerce and integrated supplier platforms.
Strategy
Kennametal Inc. focuses on enhancing its product portfolio and on-ground distributor network. It intends to develop strategic sourcing and further simplifying its product portfolio to meet the customer demand for cost-effective industrial equipment. The company strategizes to invest in the development and improvement of its sales and distribution channel strategies to strengthen its product distribution and supply network to enhance its value chain. Furthermore, it also focuses on formulating long-term investment strategies with its clients and raw material suppliers to minimize the risk of fluctuations in raw material prices.
