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Kennametal appoints new CFO
Metal Powder Report Volume 70, Number 6 November/December 2015
and was a Sergeant in the United States Marine Corps. From 30 September 2015, Greg Temple will become vice president and chief supply chain officer, leading the company’s global manufacturing operations, distribution centers and reconditioning facilities, as
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well as supply chain management, supplier advanced manufacturing sourcing, engineering and environment, health and safety. Temple joins Kennametal from Sensata Technologies where he served as senior vice president of global operations. He previous-
ly held global operations leadership positions with Ecolab Corporation, Avery Dennison Corporation and The Clorox Company, and has served as an operating partner for the private equity firm Apollo Global Management. Kennametal; www.kennametal.com
February 2015. Fusco will continue in her role as vice president and corporate controller. ‘We are confident that Jan Kees van Gaalen’s diverse, global background and record of performance leading industrial business transformation is a perfect fit for Kennametal as we strengthen the company
to win in the marketplace,’ said president and CEO Don Nolan. Prior to joining Kennametal, Kees van Gaalen was executive vice president and chief financial officer at Dresser-Rand Group Inc.
Kennametal Inc has elected Jan Kees van Gaalen to the position of vice president and chief financial officer (CFO). In this role, he will lead the company’s finance function including treasury, accounting, tax and investor relations and replaces Martha Fusco who has served as interim chief financial officer since
Kennametal; www.kennametal.com
Molybdenum production and use down in Q1 2015 Global production of molybdenum fell to 128.8 million pounds in the first quarter of 2015, down 13% from 148.1 million pounds in the previous quarter, and 5% lower compared with the same period in 2014, figures released today by the International Molybdenum Association (IMOA) show. Global use of molybdenum in the first quarter of 2015 also fell slightly to 132.7 million pounds, down 3% from 136.2 million pounds in the previous quarter and 5% lower than the same quarter in 2014. China remained the biggest producer, although production fell from 55.8 million pounds in the last quarter of 2014 to 46.3 million pounds in the first quarter of this year, a decrease of 17%. Production was 5% lower compared to the same quarter in 2014. The company remained the biggest
China remained the biggest producer of molybdenum.
user, with 47.8 million pounds in the first quarter of 2015, down slightly compared with the previous quarter and with the same quarter in 2014.
Drop in production Europe was the second largest user with 34.4 million pounds, up 3% from 33.5 million
pounds in the previous quarter but down 8% compared to the same quarter in 2014. Production in North America also fell, from 42.7 million pounds in the last quarter of 2014 to 37.8 million pounds in the first quarter of 2015, a decrease of 12%. Production in South America was down from 39.9 million pounds in the last quarter of 2014 to 34.2 million pounds in the first quarter of 2015. Production in other countries increased to 10.5 million pounds. Usage in the USA fell by 7% to 14.1 million pounds compared with 15.2 in the previous quarter, while use in Japan fell from 14 million pounds in the last quarter of 2014 to 13.3 million pounds in first quarter of 2015. Usage in the CIS countries decreased by 3% to 5.7 million pounds, while usage in other countries fell by 1% to 17.4 million pounds. IMOA; www.imoa.info
New brochure promotes molybdenum and sustainability The International Molybdenum Association (IMOA) has published a new brochure exploring the contributions that molybdenum makes to sustainable development. ‘A Sustainable World with Molybdenum’ showcases examples of how molybdenum’s properties are being harnessed to generate a wide range of sustainable benefits in many sectors. The 28-page brochure contains chapters covering molybdenum’s contribution in energy efficiency, low carbon generation, environmental protection and resource
conservation. The final chapter demonstrates the rare earth metal’s positive impacts on quality of life with a range of applications from medical imaging to desalination plants. Examples are illustrated with case studies in brief and in depth, including summaries of three life cycle Assessment (LCA) studies, which quantify the positive environmental impacts of molybdenum use in automotive lightweighting, construction and fuel desulfurization.
‘Sustainable development is about using the earth’s resources to meet our needs in such a way that the environment is preserved for future generations,’ said Tim Outteridge, IMOA Secretary-General. ‘Molybdenum plays a part in achieving this goal in a surprising number of applications spanning many different sectors.’ The new publication is available to download from the IMOA website. International Molybdenum Association; www.imoa.info 277
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Kennametal appoints new CFO
and was a Sergeant in the United States Marine Corps. From 30 September 2015, Greg Temple will become vice president and chief supply chain officer, leading the company’s global manufacturing operations, distribution centers and reconditioning facilities, as
NEWS
well as supply chain management, supplier advanced manufacturing sourcing, engineering and environment, health and safety. Temple joins Kennametal from Sensata Technologies where he served as senior vice president of global operations. He previous-
ly held global operations leadership positions with Ecolab Corporation, Avery Dennison Corporation and The Clorox Company, and has served as an operating partner for the private equity firm Apollo Global Management. Kennametal; www.kennametal.com
February 2015. Fusco will continue in her role as vice president and corporate controller. ‘We are confident that Jan Kees van Gaalen’s diverse, global background and record of performance leading industrial business transformation is a perfect fit for Kennametal as we strengthen the company
to win in the marketplace,’ said president and CEO Don Nolan. Prior to joining Kennametal, Kees van Gaalen was executive vice president and chief financial officer at Dresser-Rand Group Inc.
Kennametal Inc has elected Jan Kees van Gaalen to the position of vice president and chief financial officer (CFO). In this role, he will lead the company’s finance function including treasury, accounting, tax and investor relations and replaces Martha Fusco who has served as interim chief financial officer since
Kennametal; www.kennametal.com
Molybdenum production and use down in Q1 2015 Global production of molybdenum fell to 128.8 million pounds in the first quarter of 2015, down 13% from 148.1 million pounds in the previous quarter, and 5% lower compared with the same period in 2014, figures released today by the International Molybdenum Association (IMOA) show. Global use of molybdenum in the first quarter of 2015 also fell slightly to 132.7 million pounds, down 3% from 136.2 million pounds in the previous quarter and 5% lower than the same quarter in 2014. China remained the biggest producer, although production fell from 55.8 million pounds in the last quarter of 2014 to 46.3 million pounds in the first quarter of this year, a decrease of 17%. Production was 5% lower compared to the same quarter in 2014. The company remained the biggest
China remained the biggest producer of molybdenum.
user, with 47.8 million pounds in the first quarter of 2015, down slightly compared with the previous quarter and with the same quarter in 2014.
Drop in production Europe was the second largest user with 34.4 million pounds, up 3% from 33.5 million
pounds in the previous quarter but down 8% compared to the same quarter in 2014. Production in North America also fell, from 42.7 million pounds in the last quarter of 2014 to 37.8 million pounds in the first quarter of 2015, a decrease of 12%. Production in South America was down from 39.9 million pounds in the last quarter of 2014 to 34.2 million pounds in the first quarter of 2015. Production in other countries increased to 10.5 million pounds. Usage in the USA fell by 7% to 14.1 million pounds compared with 15.2 in the previous quarter, while use in Japan fell from 14 million pounds in the last quarter of 2014 to 13.3 million pounds in first quarter of 2015. Usage in the CIS countries decreased by 3% to 5.7 million pounds, while usage in other countries fell by 1% to 17.4 million pounds. IMOA; www.imoa.info
New brochure promotes molybdenum and sustainability The International Molybdenum Association (IMOA) has published a new brochure exploring the contributions that molybdenum makes to sustainable development. ‘A Sustainable World with Molybdenum’ showcases examples of how molybdenum’s properties are being harnessed to generate a wide range of sustainable benefits in many sectors. The 28-page brochure contains chapters covering molybdenum’s contribution in energy efficiency, low carbon generation, environmental protection and resource
conservation. The final chapter demonstrates the rare earth metal’s positive impacts on quality of life with a range of applications from medical imaging to desalination plants. Examples are illustrated with case studies in brief and in depth, including summaries of three life cycle Assessment (LCA) studies, which quantify the positive environmental impacts of molybdenum use in automotive lightweighting, construction and fuel desulfurization.
‘Sustainable development is about using the earth’s resources to meet our needs in such a way that the environment is preserved for future generations,’ said Tim Outteridge, IMOA Secretary-General. ‘Molybdenum plays a part in achieving this goal in a surprising number of applications spanning many different sectors.’ The new publication is available to download from the IMOA website. International Molybdenum Association; www.imoa.info 277
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Kennametal appoints new CFO