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Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
Cardoso joined Kennametal from Flowserve in April 2003 as the President of the Metalworking Division and in January 2005 was promoted to Chief Operating Officer. In December 2005 Cardoso became a President and CEO of the Corporation and in 2008 took an additional role of Chairman of the Board of Directors. [ 12 ]
Stellite alloys are a family of completely non-magnetic and corrosion-resistant cobalt alloys of various compositions that have been optimised for different uses. Stellite alloys are suited for cutting tools, an example is Stellite 100, because this alloy is quite hard, maintains a good cutting edge at high temperature, and resists hardening and annealing.
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From January 2008 to December 2012, if you bought shares in companies when Irvine O. Hockaday, Jr. joined the board, and sold them when he left, you would have a 92.0 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Kennametal, a metal-working and tool company based in Latrobe, PA, USA, developed the first titanium carbide cermet with a 19 megapascals (2,800 psi) and 100-hour stress-to-rupture strength at 980 °C. Jet engines operate at this temperature and further research was invested on using these materials for components.
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From January 2008 to December 2012, if you bought shares in companies when Armando Codina joined the board, and sold them when he left, you would have a 128.0 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
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