Kennametal to build US$20 million plant in China

Kennametal to build US$20 million plant in China

Carpenter expands PM

KENNAMETAL Inc, the powder metallurgy (PM) and tooling systems company, plans to

ing, administration, training and warehousing. Phase One is scheduled for completion,

wide. “Because this is a pilot project, we cannot discuss at this time what the impact will

build a manufacturing plant in Shanghai, China, at a cost of US$ZO million. The USbased company will own 100%

and manufacturing to begin, by January 1998. “Our market research strongly supports this move,”

be on our production numbers or if any new jobs will result,” he says. “We will announce

of the plant, which will manu

H. Patrick

after we evaluate

facture

sident

tools

made

ted

carbides

hard

materials

and for

ting applications. “There are growth

of cemen

nities

tremendous

opportunities

and

officer,

other

metalcut-

for Ken

Mahanes, chief

says.

“The

region,”

metal’s

president

executive

and

chief says.

officer,

“Although several

Kenna-

we

sales

already

offices

and two successful tures in mining dingthis

have

in China joint

tools,

ven-

by buil-

plant in Shanghai

will increase nificantly

our presence

we sig-

in one of the world’s

has

authorities,

Kennametal’s

received

plans

well

Kennametal’s

Board

has

in

its

latest

Kennametal

a net

income

quarter

fiscal

of the

year

of

million

($0.52/share).

Sales

for

quarter,

the

ended 31 December on

the

which

1995, were

a 13% increased

same

quarter

a year

increased

earlier.

Sales

diture to begin a pilot project

major

geographical

at its Chestnut

with global sales of metalwork-

also approved

close

to

its

Latrobe,

a capital expenRidge

plant,

headquarters

Pennsylvania.

in This

ing

products

mining tools

ary, to manufacture

products

solid

car-

combined

with ex-

3%

in all regions,

rising

and

prqject, which began in Febru

technology

is in negotia-

reported

$259 million,

in Shanghai.

future

$13.9

14X,

construction

and

metallurgical

8%.

McGeehan

bide drills will use Kennametal

fastest growing markets.” Kennametal

with

growth.”

the

the project’s

report,

current

worldwide

well with Chinese

Asia-Pacific’

Meanwhile, financial

sustained,

says talks have gone

in

start-up.”

opportuand selling

plans

for the second

out

I,. McGeehan,

further

our products in China should contribute long term to our Mahanes

the

operating

for making

nametal in China and throughRobert

vice pre-

noted

that the

gross profit margin was 91.6X,

tions with building contractors

pertise it gained in its acquisi-

slightly better

and plans

tion

91.1%. The gross margin bene-

tion

to begin

construc-

in the second

quarter

of

this calendar

year. The project

will proceed

in three

with

the

3720

m’

facility

manufacturing,

being to

Hertel,

competitor

a

based

former

in

Fiirth,

Germany. Mahanes

phases,

first phase

of

a

house

sales, engineer-

ment

says

will enable

the

invest-

Kennametal

to participate

in the growing

carbide

market

drill

world-

fitted

from

lume,

modest

and favorable

than last year’s higher price

sales

vo-

increases

currency effects.

Frank P. Simpkins, Kennametal Inc; tel: + l-412-539461 ‘7;.fa: + l-412-539-4688.

toolsteels

range

CARPENTER Technology Corp of Reading, Pennsylvania, USA, has made two additions to its range of tool steels

produced

by powder

metallurgy

(PM).

cro-Melt

9’

Melt’

’

Both

and

‘Mi-

‘Micro-

10’ are high vanadium

alloys

produced

company’s

with

the

proprietary

cro-Melt

powder

Mi-

process.

Carpenter

says

Micro-

Melt 9 tool steel offers higher toughness

than

10 tool

steel,

less wear Melt

Micro-Melt

with

slightly

resistance.

Micro-

10 alloy

possesses

wear resistance that of most tooling

greater than

steels

used

applications,

bined

with

good

in

comstrength

and toughness. Because facturing says

of their

manu-

route, the company

both

alloys

exhibit

refined

microstructure

smaller,

more uniformly

tributed

carbide

and a liner

a

with dis-

particles

grain size than

conventional

products.

It

says these characteristics

of-

fer the

user

benefits

of

and

the

additional

grinding

improved

ease

response

to

says both

al-

heat treatment.

Micromeritics introduces density analyzeranalyser MICROMERlTICS Corp

of

1360 automatically

Instrument

Norcross,

displacement

Georgia,

IJSA, has introduced the ‘GeoPyc:% 1360 envelope density pycnometer particle

to

its

range

of

the

data,

calculations

and

the

performs displays

the results. The unit also reports osity and specific

analysis equipment.

collects

por-

when

absolute

Carpenter

loys change size only slightly after hardening, expansions

Tools will open up slightly in density

is pro-

objects

of

shape. uses

The

company

a unique

measuring eliminates mercuiy ques.

alloys in the annealed

fan:

35.4O’X

+ 1-770-662-3696.

pore volume

technique messy used

in prior

spheres

a media

consisting and

The sample danalysrd

it

and

4

is

often

wheels

ceramic

particles.

dates

in-

tool relafrom

containing

says both profor a

roles includ-

and

aIso

for other

as candi-

applications

demanding

high wear resis-

tance,

as injector

such

noz-

zles and gears.

to be analyzein a bed of

compacted

MPR March 1996

most

grinding

moulds

called

around the sample. The GeoPyc

Grindability

ing punches, plastic injection

techni-

DryFlo, then the bed is gently agitated

between

l’% carbon

range of tooling

is used.

is placed

both condi-

ducts can be considered

and

to

steel.

of

Carpenter

of micro-

additives

crease flowability,

may be rated

mance

which

waxes

tion

of

tively good, with best perfor-

and

says

Machinability

on the

Micrvmeritics Instruments Corp; tel: + l-770-662-3633;

displacement

instead,

Dly1;7o@,

size

expand

OD.

density of porous irregular

the ID and

vided.

The GeoPyc 1360 measures the envelope

with typical

of 0.01 mm/mm.

Micromeritics ‘GeoPyc 1360’ envelope density pycnometer.

Carpenter Technology Carp; tel: + l-61 O-2082524; fax: + l-610-2082858.