Kennametal Inc. announced commencement of work to evaluate plans and potential locations for an advanced carbide recycling facility in the U.S. to serve global markets. The company will also expand tungsten-cobalt blended-powder operations at its existing facility in Tianjin, China, to serve the Asia-Pacific region. Both projects focus on diversifying Kennametal's tungsten sourcing to balance supplies, costs and access to raw materials. Kennametal is launching preliminary work to establish an advanced carbide recycling facility in the U.S. where it will reclaim material from scrap and consumed products, such as metal-cutting inserts, and reuse it for new production. By adding tungsten-cobalt blended-powder capacity in Tianjin close to China's source mines, the company expects to streamline customer service in that region while reducing export delays and duties on the material.
Kennametal to Invest in Carbide Recycling Facility
November 27, 2012