Kennametal Lands in TEDA

Kennametal Lands in TEDA

September 06, 2006

    TIANJIN, China, Sept. 6 /Xinhua-PRNewswire/ --
Kennametal (China) Co., Ltd. recently landed in the Western
Zone of TEDA. 

    About Kennametal Inc.

    Kennametal Inc., established in 1938 and headquartered
in Pennsylvania, is the world second largest carbide
inserts manufacturer. Its global sales reached USD2.3
billion in 2005. Kennametal (China) Co., Ltd. is its solely
owned subsidiary in Tianjin, occupying a land area of 80,000
m2 and involving an investment of USD70 million in total;
USD31 million is invested in the first phase to build a
plant covering an area of 23,000m2 that produces carbide
inserts, drills and wear parts. Now, most of the products
are exported to the Asia-Pacific Region and other parts of
the world for use in the machinary processing, automotive,
aerospace, mining and other industries. 

    Carlos M. Cardoso, Markos I. Tambakeras, President and
CEO of Kennametal Inc. from the U.S. notes that it's easy
for him to understand why the TEDA is recognized as one of
the best investment and industrial parks in China every
time he comes to Tianjin. "We are proud that from now
on, Kennametal formally becomes part of this dynamic area
and our business will step into the most vigorous period in
our history. We will focus investments on infrastructure and
quality materials as well as the talents who are capable of
providing the world-class engineering technologies.
Kennametal will bring its latest technology and experience,
engineering products and advanced materials to the
Asia-Pacific Region via its Tianjin plant." 

    For more information, please contact:

     Ding Lei
     Tel:   [phone] 

     Xu Hui
     Tel:   [phone]

SOURCE  Tianjin Economic Development Area