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In July 1940, Kennametal of Canada Ltd. was organized for the purpose of "manufacturing Kennametal, the new steel cutting carbide, for Canada and British dominions." [7] In November 1940, United States Steel Export Company reached an agreement to sell Kennametal tools, tool blanks, drawing dies and other Kennametal products in foreign markets. [8]
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 ]
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily MSC Industrial Supply Co., is one of the largest industrial equipment distributors in the United States, [1] distributing more than 1.5 million metalworking and other industrial products. [2]
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The company is going for restructuring, and hence the 1200 job cuts at Kennametal are being justified as a part of this restructuring exercise. Other news about Kennametal layoffs: The company had plans to layoff 1,125 employees. But the company has ended up firing 1,380 employees, or about 30 percent of its total workforce.
Carpenter Technology Corporation develops, manufactures, and distributes stainless steels and corrosion-resistant alloys.In fiscal year 2018, the company's revenues were derived from the aerospace and defense industry (55%), the industrial and consumer industry (17%), the medical industry (8%), the transportation industry (7%), the energy industry (7%), and the distribution industry (6%). [1]
As of September 2023 ATI was "a $3.8 billion company" with more than 6,000 workers in more than 30 locations in the United States and more than a dozen in Europe and Asia. [32] In June 2023 ATI announced a $28 million expansion of its Richland WA plant, located in the Horn Rapids Industrial Park. At the same time it announced it would re-start ...
Tower International is a manufacturer of automotive structural metal components and assemblies primarily serving original equipment manufacturers (“OEMs”). Tower International supply body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars, crossovers, pickups, and sport utility vehicles.