Kennametal Raises $1 Million for United Way; Marks 75-year Record
LATROBE, Pa., April 16, 2014 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it raised $1M in support of the United Way and its agencies during the 2013 campaign, marking a record year for donations as the company celebrated its 75th anniversary.
Kennametal Chairman, President and CEO Carlos Cardoso accepted the first-ever "Live United" award today given by The United Way of Westmoreland County to recognize the $1M campaign, as well as the company's longstanding and multifaceted support of the community.
"I have never been more proud of our employees than I am right now, for their tremendous effort that helped us raise $1 million in this year's United Way campaign," said Kennametal Chairman, President and CEO Carlos Cardoso. "Earning our community's first-ever 'Live United' award is a great moment in our company's 75-year history, and it belongs to every one of our employees who demonstrate Kennametal values by giving generously in our communities!"
Nearly 1,600 Kennametal employees pledged $679,000 to the campaign through annual contributions or participation in fundraising events. The company raised an additional $172,000 in its annual Strategic Supplier Golf Outing, while leadership donations garnered $107,000 in matching grants from a community foundation, and the Kennametal Foundation added its annual contribution of $45,000, bringing the final total to $1 million for the first time in the company's history.
At a special United Way of Westmoreland County luncheon held at Saint Vincent College today, Kennametal Inc., and other local companies were also honored as "Above and Beyond" campaign contributors, for campaigns that each raised over $200,000.
Celebrating more than 75 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers seeking peak performance in demanding environments. The company provides innovative wear-resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. With approximately 14,000 employees and nearly $3 billion 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.