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Kennametal invests in tungsten supply strategy
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By Alex Nixon
Published: Thursday, November 15, 2012, 4:36 p.m.
Updated: Tuesday, February 19, 2013
Kennametal Inc. said it is evaluating plans and potential locations for an advanced carbide recycling facility in the United States to serve global markets.
The Unity-based tooling company also will expand a tungsten-cobalt blended powder operation at its existing facility in Tianjin, China, to serve the Asia-Pacific region.
The two projects were described by Kennametal as “multiyear” plans to diversify the company's tungsten supply, reduce costs, improve access to raw materials, and support a plan to get one-third of revenue each from North America, Europe and Asia and the rest of the world.
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