By cutting 3% of it's workforce, Kennametal saved $25 million per year. Kennametal's long-term goal is to shut down half of it's operating facilities worldwide.
In a reader survey from PLANT, Canada's industry newspaper, KMT was voted the best cutting tools business. 62% of respondents voted for KMT.
Warren Buffett Goes international--KMT is supplier with WB affiliate in Israel...!