Kennametal CEO Appointed to U.S. Department of Commerce Manufacturing Council
LATROBE, Pa., March 14, 2013
LATROBE, Pa., March 14, 2013 /PRNewswire/ --Following an announcement by the
U.S. Department of Commerce, Kennametal Inc. (NYSE: KMT) today confirmed that
Chairman, President and CEO Carlos Cardoso has been appointed to serve on the
U.S. Manufacturing Council. The Council advises the Secretary of Commerce on
matters relating to sector, including global competitiveness and government
policies and programs of importance to U.S. manufacturers.
At a time when the industry faces a critical shortage of technical talent,
Cardoso commissioned a national study that revealed outdated perceptions of
manufacturing among high-school students and their advisors. In response, he
established model programs at Kennametal to attract interest in
next-generation manufacturing as a viable, technology-oriented career path in
a sector most vital to economic growth and a strong middle class.
"We know that a healthy manufacturing sector correlates directly with the
well-being of society and the promise of the American Dream," said Cardoso. "I
have lived it, and proudly witnessed it realized by thousands of Kennametal
employees. This is why I am so honored and committed to serve, that by
combining the best efforts of industry, education and government, we can
secure that promise for future generations."
Cardoso also serves as chairman of the Manufacturers Alliance for Productivity
and Innovation (MAPI), and on the board of the National Association of
Manufacturers (NAM). A tireless advocate for manufacturing, Cardoso emigrated
to the United States from Portugal at the age of 17 to pursue an education at
Fairfield University, which he credits for providing the foundation and
language skills he needed to achieve his American Dream.
"Keeping our manufacturing sector strong is critical to job growth in the
United States," said U.S. Deputy Secretary of Commerce Rebecca Blank. "The
Department of Commerce is focused on supporting U.S. manufacturers as they
build things here, so they can sell them everywhere. The Council has an
important role to play in shaping the direction of our nation's manufacturing
strategy and supporting American businesses and workers."
The Manufacturing Council is comprised of up to 30 members from various
industries working together to sustain the strength of the U.S. as the global
frontrunner in manufacturing investments and innovation.
Celebrating its 75^th year as an industrial technology leader, Kennametal Inc.
delivers productivity to customers seeking peak performance in demanding
environments. The company provides innovative wear-resistant products and
application engineering backed by advanced material science, serving customers
in 60 countries across diverse sectors of aerospace, earthworks, energy,
industrial production, transportation and infrastructure. With approximately
13,000 employees and nearly $3billion in sales, the company realizes half of
its revenue from outside North America, and 40% globally from innovations
introduced in the past five years. Recognized among the "World's Most Ethical
Companies" (Ethisphere); "Outstanding Corporate Innovator" (Product
Development Management Association); and "America's Safest Companies" (EHS
Today) with a focus on 100% safety, Kennametal and its foundation invest in
technical education, industrial technologies and material science to deliver
the promise of progress and economic prosperity to people everywhere. For more
information, visit the company's website at www.kennametal.com.
SOURCE Kennametal Inc.
Contact: Media Relations - Lorrie Paul Crum, +1-724-539-6792; Investor
Relations - Quynh McGuire, +1-724-539-6559
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