Kennametal to Invest in Tungsten-Cobalt Blended Powder Operations in U.S. and China

Kennametal to Invest in Tungsten-Cobalt Blended Powder Operations in U.S. and
                                    China

Company Commences Plans for a New Global Recycling Facility in the United
States and Expanded Tungsten-Cobalt Powder Operations at its Tianjin, China
Plant Serving Asia

PR Newswire

LATROBE, Pa., Nov. 15, 2012

LATROBE, Pa., Nov. 15, 2012 /PRNewswire/ --Kennametal Inc. (NYSE: KMT) today
announced commencement of work to evaluate plans and potential locations for
an advanced carbide recycling facility in the United States to serve global
markets, while also expanding tungsten-cobalt blended powder operations at its
existing facility in Tianjin, China to serve the Asia-Pacific region.

Both multiyear projects focus on diversifying Kennametal's tungsten sourcing
to balance supplies, costs and access to raw materials, while also supporting
sustainability and its global growth strategy to achieve one-third of revenues
each from North America, Europe and Asia/Rest of World. 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. The company noted that
initial capital plans for these projects are included in its FY13 forecast.

Kennametal is launching preliminary work to establish an advanced carbide
recycling facility in the United States where it will reclaim material from
scrap and consumed products such as metal-cutting inserts, and reuse it for
new production. "We're talking about a high-tech operation where we'll process
used materials to develop new compounds essential to our industrial
technology," said Kennametal Chairman, President and CEO Carlos Cardoso. "This
is an exciting first for our company, demonstrating our commitment to invest
in sustainability and advanced technology strengthening our leadership in
America, and our service to customers around the world."

Certain statements in this release may be forward-looking in nature, or
"forward-looking statements" within the meaning of Section27A of the
Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934.
Forward-looking statements are statements that do not relate strictly to
historical or current facts. For example, statements about Kennametal 's
expectations regarding future growth and financial performance are
forward-looking statements. Any forward looking statements are based on
current knowledge, expectations and estimates that involve inherent risks and
uncertainties. Should one or more of these risks or uncertainties materialize,
or should the assumptions underlying the forward-looking statements prove
incorrect, our actual results could vary materially from our current
expectations. There are a number of factors that could cause our actual
results to differ from those indicated in the forward-looking statements. They
include: economic recession; availability and cost of the raw materials we use
to manufacture our products; our foreign operations and international markets,
such as currency exchange rates, different regulatory environments, trade
barriers, exchange controls, and social and political instability; changes in
the regulatory environment in which we operate, including environmental,
health and safety regulations; our ability to protect and defend our
intellectual property; competition; our ability to retain our management and
employees; demands on management resources; demand for and market acceptance
of our products; integrating acquisitions and achieving the expected savings
and synergies; business divestitures; and implementation of environmental
remediation matters. Many of these risks and other risks are more fully
described in Kennametal 's latest annual report on Form 10-K and its other
periodic filings with the Securities and Exchange Commission . We undertake no
obligation to release publicly any revisions to forward-looking statements as
a result of future events or developments.

Kennametal Inc. (NYSE: KMT) delivers productivity to customers seeking peak
performance in demanding environments by providing innovative custom and
standard wear-resistant solutions. This proven productivity is enabled through
our advanced material sciences and application knowledge. Our commitment to a
sustainable environment provides additional value to our customers. Companies
operating in everything from airframes to coal mining, from engines to oil
wells and from turbochargers to construction recognize Kennametal for
extraordinary contributions to their value chains. With annual sales of nearly
$3 billion and approximately 13,000 employees, Kennametal serves customers in
more than 60 countries worldwide – with more than 50 percent of these revenues
coming from outside North America. Visit us at www.kennametal.com.

SOURCE Kennametal Inc.

Website: http://www.kennametal.com
Contact: Media Relations: Christina Sutter, +1-724-539-5708; Investor
Relations: Quynh McGuire, +1-724-539-6559
 
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