Dow ends Thursday trading up 199 points Oct 30, 2009
Markets rebound Thursday; Kennametal up 8 percent - Pittsburgh Business Times ... Markets rebound Thursday; Kennametal up 8 percent. (Pittsburgh Business Times, PA)
Kennametal posts 1Q loss of $9.8 million Oct 30, 2009
Kennametal posts 1Q loss of $9 ... Kennametal posts 1Q loss of $9 ... That compares to Kennametal's year-ago profit of $35. (Pittsburgh Business Times, PA)
Matching Gifts Oct 21, 2009
Matching Gift Companies - CLEMSON UNIVERSITY OFFICIAL ATHLETIC SITE. Matching Gift Companies Thank you for making the extra effort - and for your doubled support. (Clemsontigers.com)
Dow closes above 10,000 Wednesday Oct 15, 2009
Dow closes above 10,000 points Wednesday; Kennametal up 5 percent - Pittsburgh Business Times ... Dow closes above 10,000 points Wednesday; Kennametal up 5 percent ... Among a cross-section of companies operating in Pittsburgh, Kennametal Inc. (NYSE:KMT) saw the biggest percentage increase, rising 5. (Pittsburgh Business Times, PA)
Kennametal launches WIDIA Products group Oct 13, 2009
Joe Wojcik Kennametal Inc. CEO Carlos Cardoso ... (NYSE:KMT) on Monday announced the launch of its WIDIA Products group, completing the migration of all of its current brands of metal cutting tools and tooling systems into two distinct portfolios: WIDIA and Kennametals Products Group ... The Kennametal brand is positioned as a direct brand that is also sold through selected value-added resellers. (Pittsburgh Business Times, PA)
Development authority looks to hold down jobs Oct 4, 2009
The concern in the county now is how many jobs will remain at Greenfield, formerly known as Kennametal, which has announced that much of the Martinez plant's employment and production are headed to Clemson, S.C.. "There certainly have been many rumors about what the future of the facility will be," Mr. Post said. (The Augusta Chronicle)
Argentinas travel industry provides business and leisure Sep 19, 2009
Kennametal has a sales office that employees about 18 people, according to Christina Reitano, manager of corporate communications ... 27 million Key industries: Food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steelPittsburgh connections: , H.J. Heinz, Kennametal, MSA, PPGOf note: Unlike some of its neighbors, such as Brazil, there are no visas required for Argentina, making it a much quicker and easier process for Americans to... (Pittsburgh Business Times, PA)
Pittsburgh-German connections abound Sep 19, 2009
6 millionKey industries: Producer of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, shipbuilding, textilesPittsburgh connections: , , Ansys, , , , Kennametal, , Mylan, , Tollgrade, , , H.J. Heinz, PPG, , K&L Gates, Of note: Germany is the largest foreign investor in the Pittsburgh region through roughly 70 companies. Sources for charts: CIA World Factbook, Allegheny Conference on Community Development, individual companies. (Pittsburgh Business Times, PA)
Kennametal workers keep jobs through September Sep 1, 2009
Employees at Greenfield Industries Inc. in Evans, formerly known as Kennametal, will continue to have jobs at the plant on loan from Kennametal until the end of September, according to the plant's new owner. Despite a Kennametal notice to the Georgia Department of Labor in July stating that about 150 employees would be terminated effective Aug. 30, workers are still on the job, said Dale Erkkila, a vice president with Top Eastern Drill Co. ... Top Eastern Drill Co., a tool manufacturer based in... (The Augusta Chronicle)
Wobbly Wednesday ends with Wall Street up Aug 27, 2009
Wobbly Wednesday ends with markets up ever-so-slightly; Kennametal up 4 percent - Pittsburgh Business Times ... Wobbly Wednesday ends with markets up ever-so-slightly; Kennametal up 4 percent ... Kennametal Inc. (NYSE:KMT) registered the biggest percentage gain, rising 4. (Pittsburgh Business Times, PA)
Fresno woman dies in Grapevine crash Aug 25, 2009
Smith has also served as CFO of Kennametal, Inc., a global supplier of tooling, engineering components and advanced materials; Bell Systems, a business segment of Textron; and the Intelligence and Information Systems Business of Raytheon Company. "To leverage Davids experience, he will take an active part in the transition, indicated Daniel D. DeMatteo, Chief Executive Officer The LaSalle Group, Inc. Breaks Ground on Eighth Texas Property, Expanding Autumn Leaves Brand of Assisted Living... (Fresno Bee)
John Jacob Kroon Aug 8, 2009
John was employed for more than 30 years with Kennametal Corporation, retiring in Roanoke Rapids. Survivors include his children, Paula Ireland of Ferndale, Mich. (Roanoke Rapids Daily Herald, NC)
Lake Mills man didn't realize he was working on bomb project Aug 6, 2009
Following some trial and error, Pfaffenbach was able to decrease the production time by brazing small pieces of Kennametal onto tool holders and grinding them on diamond wheels. With his new tools and methods, Pfaffenbach was able to cut the time down to eight hours per half. (Watertown Daily Times, WI)
Jobs in recovery Aug 2, 2009
Laid off by Kennametal in March, the North Augusta man and his family were living off a weekly $320 unemployment check -- after taxes, he was left with $277 ... Before his year and a half at Kennametal, he worked at Boral Bricks and was laid off. (The Augusta Chronicle)
A new way to work Aug 2, 2009
He lost his job in March, among the first wave of layoffs at the Kennametal plant in Martinez ... NAME: Bill Picciano AGE: 47 RESIDES: North Augusta FORMER JOB: Night shift supervisor at Kennametal in Martinez SRS JOB: Works in logistics for one of the nuclear waste cleanup areas HOW HE GOT THE JOB: Went to a job-placement agency and submitted his resume to SRS. (The Augusta Chronicle)
Kennametal Management Meeting with Financial Community in New York City Aug 1, 2009
July 31 /PRNewswire-FirstCall/ -- Kennametal Inc. (NYSE: ) announced today that Chairman, President and Chief Executive Officer Carlos M. Cardoso will meet with various members of the financial community on August 6, 2009, in New York City ... Kennametal Inc. (NYSE: ) is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes ... Companies producing everything from airframes to coal, from medical implants to oil wells and from... (PR Newswire)
Markets surge, hit new highs for year Jul 31, 2009
Kennametal Inc., which lost $32 ... Kennametal (NYSE:KMT), based in Latrobe, east of Pittsburgh, rose 5. (Pittsburgh Business Times, PA)
Kennametal posts 4Q loss Jul 31, 2009
Reduced demand and restructuring charges pushed Kennametal Inc. (NYSE:KMT) to a fourth-quarter loss, the Latrobe specialty tool manufacturer said Thursday. Kennametal reported a net loss of $32 ... A year ago, Kennametal had net income of $59. (Pittsburgh Business Times, PA)
Making stuff in America: Yes, we can Jul 26, 2009
The Society of Manufacturing Engineers Education Foundation, Kennametal, Westinghouse Electric, the Society of Automotive Engineers and Mr. Ratzenberger's NBT foundation provide the grants. The gravity-powered car featured a weighted-lever, with coins for weights and a string attached to an axle. (Pittsburgh Post-Gazette, PA)
Kennametal owner: All 153 in layoff notice won't be jobless Jul 23, 2009
The new owner of the former Kennametal plant in Evans is unsure how many workers will be retained after Aug. 30. Kennametal filed a mass layoff notice with Georgia saying 153 people will be laid off after that date, but that doesn't necessarily mean they will be unemployed ... "As part of our agreement with Top-Eastern, Kennametal agreed to maintain approximately 150 selected Evans facility employees on a leased basis to Top-Eastern as they determine the best strategy for integration of the... (The Augusta Chronicle)
Kennametal Announces Conference Call and Webcast On Fourth Quarter and Fiscal Year 2009 Results Jul 15, 2009
10 a.m. Eastern Time, Thursday, July 30, 2009 Hosted by: Carlos M. Cardoso - Chairman, President and Chief Executive Officer Frank P. Simpkins - Vice President and Chief Financial Officer Listen via real-time audio on the Kennametal website at www ... Kennametal Inc. (NYSE: ) is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes ... Companies producing everything from airframes to coal, from medical implants to oil wells and from... (PR Newswire)
Greenfield firm rehires 80 workers Jul 14, 2009
Kennametal, based in Latrobe, Pa. bought the company in 1997. (Boston Globe)
Wall Street closes down for the week Jul 11, 2009
Kennametal (NYSE:KMT) finished trading Friday at $17. 41 per share, up 10. (Pittsburgh Business Times, PA)
Markets squeeze out gain at Thursday close Jul 10, 2009
The biggest drop among a cross section of Pittsburgh companies was Kennametal Inc. (NYSE:KMT), which lost 8. 45 percent to close Thursday at $15. (Pittsburgh Business Times, PA)
Kennametal Inc. Announces Pricing of Common Stock Offering Jul 10, 2009
July 9 /PRNewswire-FirstCall/ -- Kennametal Inc. (NYSE: ) announced today that the public offering of 7,000,000 shares of its common stock has priced at today's market close of $15 ... Kennametal will use the net proceeds from the offering to pay down outstanding bank debt ... Before you invest, you should read the prospectus in that registration statement and other documents Kennametal has filed with the Securities and Exchange Commission for more complete information about Kennametal and the... (PR Newswire)
Wall Street futures point to higher start after Alcoa Jul 9, 2009
4 billion offer for Data Domain Inc (DDUP.O), while Kennametal Inc (KMT.N) fell 4. 5 percent after the industrial tool maker said it would offer 6. (Yahoo News -- Press Releases)
401(k) poised for a comeback Jul 8, 2009
Among those local businesses that suspended matches were PPG Industries Inc., Kennametal Inc. and U.S. Steel Corp.. But a CFO Research Services survey released in June in collaboration with the investment advice firm Charles Schwab suggests confidence in 401(k) plans remains high: 56 percent of finance and human resource executives surveyed said the 401(k) plan is generally working well, but could use slight modification. (Pittsburgh Business Times, PA)
Kennametal Amends Credit Agreement to Increase Liquidity and Strength of Balance Sheet Jul 7, 2009
July 6 /PRNewswire-FirstCall/ -- Kennametal Inc. (NYSE: ) announced that it has amended its $500 million revolving bank credit agreement ... "In light of the continuing volatile global economic environment, we remain focused on maintaining our strong balance sheet and preserving our liquidity," commented Kennametal Vice President and Chief Financial Officer Frank Simpkins ... Forward looking statements in this release concern, among other things, Kennametal's focus on its balance sheet,... (PR Newswire)
Triangle Dodge adds Chrysler and Jeep Jul 1, 2009
Kennametal sold to Chinese company. A Chinese drill bit manufacturer finalized its purchase of Kennametal's Evans facility Tuesday ... Top-Eastern Drill Co. made an agreement with Kennametal in May to buy four facilities and a high speed drill product line for $29 million. (The Augusta Chronicle)
Kennametal cuts top executives' salaries Jun 27, 2009
Carlos Cardoso, CEO of Kennametal Inc. ... A Kennametal (NYSE:KMT) spokeswoman was not immediately available Friday morning ... The third highest-paid executive was Gary Weismann, vice president of Kennametal s advanced materials solutions group, whose 2008 base pay was $342,917. (Pittsburgh Business Times, PA)
Production to decline at Kennametal plant Jun 27, 2009
Some production at the Kennametal plant in Evans could be moving to Clemson, S.C., in coming months. The shift in production comes as Dailan, China-based Top Eastern Drill Co. enters into an agreement with Pittsburgh-based Kennametal Inc. to purchase the plant at 470 Evans Road ... Dale Erkkila, the vice president of corporate development for Top-Eastern Drill Co., said the purchase of the Evans plant, along with a defined group of Kennametal's high speed steel assets, is scheduled to close next... (The Augusta Chronicle)
Kennametal lays off 26 before plant's sale Jun 26, 2009
Kennametal laid off 26 employees Thursday in an effort to "right size" the facility before its sale to a Chinese drill bit company. Top-Eastern Drill Co. is purchasing a line of drill bits from Kennametal in addition to four facilities -- Evans among them ... The sale is expected to close Tuesday, said Christina Reitano, Kennametal's corporate communication manager. (The Augusta Chronicle)
U.S. Department of Labor announces 1st Trade Adjustment Assistance certifications under new law Jun 23, 2009
TA-W-70574 Kennametal, Inc. Latrobe, Pa. TA-W-70067 Alcoa, Inc. Alcoa, Tenn. (PR Newswire)
Chinese toolmaker buys Kennametal plant Jun 4, 2009
A Chinese tool manufacturer is less than a month away from owning Kennametal's plant in Evans, in addition to the company's high speed steel drill product line and three other facilities. Top-Eastern Drill Co., which is based in Dailan, China, east of Beijing, has an agreement with Kennametal Inc., based in Pittsburgh, to buy the drills, related product lines and assets for $29 million ... The deal is still pending and should close by the end of June, said Christina Reitano, Kennametal's... (The Augusta Chronicle)
Dow loses 64 points by Wednesday close Jun 4, 2009
Among a cross-section of companies doing business in the Pittsburgh region, only Kennametal Inc. finished Wednesday trading in positive territory, Kennametal (NYSE:KMT) shares were up 0. 15 percent to $20. (Pittsburgh Business Times, PA)
Kennametal sells drill business May 20, 2009
Specialty toolmaker Kennametal Inc. has agreed to sell its high speed steel drill business to Top Eastern Drill Co. Ltd. for $29 million, the company announced Tuesday. In a press release announcing the deal, Kennametal (NYSE: KMT) described the sale as being part of the company s strategy to shape its portfolio ... A year ago, Kennametal sold a business unit that made cutting tools in Germany to Top Eastern Drill s parent company, Top-Eastern Group. (Pittsburgh Business Times, PA)
Going without to keep firms going May 12, 2009
In the case of Kennametal, executives decided to shutter the plant for six weeks "dependent on business conditions.". "When looking at our options, we always try to take those that will have the least long-term negative impact on our employees," Kennametal spokeswoman Christina Reitano wrote in an e-mail to the Globe ... Greenfield Mayor Chris Forgey said she is concerned but optimistic about the factory's future, especially since Kennametal is furloughing workers rather than laying them off and... (Boston Globe)
Kennametal Completes Acquisition of ROMICRON(R); Continues Strategic Growth May 8, 2009
May 7 /PRNewswire/ -- Kennametal Inc. announced today that it has completed the acquisition of ROMICRON(R) from Industrias Romi S.A.. Kennametal has been the global distributor of ROMICRON(R) for the past 14 years, and entered into an agreement with Industrias Romi S.A. in July 2008 to acquire its ROMICRON(R) technology and manufacturing ... The ROMICRON(R) technology and manufacturing will be integrated into Kennametal's Indaiatuba, Brazil location and will help to strengthen the company's... (PR Newswire)
> Kennametal swings to $137.9M 1Q loss Apr 28, 2009
Kennametal swings to $137 ... Kennametal swings to $137 ... Excluding those shares, Kennametal earned 1 cent per share in its third quarter, matching analyst forecasts. (Pittsburgh Business Times, PA)
Dow adds 95 points by Thursday close Apr 17, 2009
Kennametal Inc. (NYSE:KMT), up 2. 71 percent to $20. (Pittsburgh Business Times, PA)
Dow finishes Wednesday trading above 8,000 Apr 16, 2009
Dow finishes Wednesday above 8,000; Allegheny Energy up, Kennametal down - Pittsburgh Business Times ... Dow finishes Wednesday above 8,000; Allegheny Energy up, Kennametal down ... Latrobe-based Kennametal (NYSE:KMT) fell 7. (Pittsburgh Business Times, PA)
Dow closes down 25 pts; Nasdaq up slightly Apr 14, 2009
Kennametal Inc. (NYSE:KMT), down 0. 52 percent to $21. (Pittsburgh Business Times, PA)
2 manufactures trim payroll Feb 22, 2009
In Rogers, tool maker Kennametal Inc. has announced that each of its 502 workers will have to take a week off without pay in March ... -based Kennametal is requiring an unpaid week from its workers all over the world ... "I do not know the specific plan that Rogers is creating, but it is likely to be a staggered schedule to allow the facility to continue to meet their customers' needs while also ensuring that each team member takes off one week without pay," Kennametal spokeswoman Joy Chandler... (Pine Bluff Commercial, AR)
Wall Street ends week on down note Feb 21, 2009
Specialty metal and tooling manufacturer Kennametal Inc. (NYSE:KMT), which confirmed it will furlough its entire work force of 14,000 for a week in March, closed at $17. 32 per share, up 1. (Pittsburgh Business Times, PA)
Kennametal announces March furlough Feb 21, 2009
Kennametal (NYSE:KMT) employs about 14,000, according to the company Web site ... On Jan. 29, Kennametal reported a 12 percent fall in sales and a 69 percent decline in profit for the company s second quarter ending Dec. 31. (Pittsburgh Business Times, PA)
Plans, compromises needed while jobless Feb 15, 2009
The 47-year-old worked as a machine operator at Kennametal Inc. in Evans for 16 years. Times are tough for Mr. Holliman, but not dire. (The Augusta Chronicle)
Months after Ohio plant closed, most workers are still struggling Feb 10, 2009
But the fallout of the plant's closure last year by Kennametal, a global conglomerate based in Latrobe, Pennsylvania, just a few months into the recession, continues to weigh heavily on the lives of the roughly 100 employees who lost their livelihoods ... About a third were asked to stay on at least several more months with Kennametal; several remain with the company. (International Herald Tribune)
