The company’s success holds true to McKenna’s focus on continuously improving customers’ productivity. Kennametal industrial technologies today enable advanced manufacturing; effective road rehabilitation; safe, efficient mining and energy production; and peak performance in transportation equipment, from planes, to trains and automobiles.

“We drive a strong culture of innovation and performance at Kennametal, starting with knowledgeable people and proprietary material science to develop better tooling technologies and engineered components for the world’s most demanding work,” said Carlos Cardoso, Kennametal chairman, president and CEO. “Today, we consistently achieve 40% or more of sales each year from new products that offer customers at least 20% performance improvement.”

On March 1, the company will begin a year-long celebration with various activities planned throughout the globe.

In related news, the company an-nounced it had been named for the second year in a row as one of the World’s Most Ethical Companies by The Ethisphere Institute, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.