LATROBE, Pa., Nov. 21, 2011 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Chairman, President and CEO Carlos Cardoso has been selected by Pennsylvania Gov. Tom Corbett to help lead the Governor's Manufacturing Council as part of the Team Pennsylvania Foundation-led initiative.
The Governor's Manufacturing Advisory Council will address the tax and regulatory climate of Pennsylvania, as well as talent and innovation, research and development, energy and international opportunities helping to continue to position the Commonwealth to be a more competitive state to do business. In addition, the Council will issue a report to the Executive and Legislative branches including policy suggestions and a strategy to help Pennsylvania remain competitive in today's global economy.
"I am honored to have been selected by Gov. Corbett and his administration to help lead this Council and look forward to developing solutions that will advance Pennsylvania's manufacturing sector," commented Carlos Cardoso, Kennametal Chairman, President and CEO. "As manufacturers, we have a responsibility to be part of the solution by partnering with government, not relying on it, to make change for the future of manufacturing."
Along with Cardoso, Department of Communication and Economic Development Secretary C. Alan Walker will help co-chair the Council. The Council will consist of 23 members from a cross-section of manufacturing interests including heavy manufacturing, minerals, pharmaceuticals, plastics, steel and textiles. Additionally, three manufacturing trade associations including one from the Industrial Resource Center will also participate.
"Manufacturing adds more than $75 billion in value each year to our state's economy," Gov. Corbett said, "and it is paramount that we do all that we can to preserve and support that sector of our economy. The Council will research issues and make recommendations that will further strengthen that industry and ultimately allow manufacturers to add jobs for Pennsylvanians."
About Kennametal
Kennametal Inc. (NYSE: KMT) delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions. This proven productivity is enabled through our advanced materials sciences and application knowledge. Our commitment to a sustainable environment provides additional value to our customers. Companies operating in everything from airframes to coal mining, from engines to oil wells and from turbochargers to construction recognize Kennametal for extraordinary contributions to their value chains. In fiscal year 2011, customers bought approximately $2.4 billion of Kennametal products and services – delivered by approximately 12,000 talented employees doing business in more than 60 countries – with more than 50 percent of these revenues coming from outside North America. Visit us at www.kennametal.com.
About Team Pennsylvania Foundation:
Team Pennsylvania Foundation is a unique, public/private partnership that initiates and supports innovative opportunities to improve Pennsylvania's economic competitiveness and prosperity. The Foundation collaborates with the highest levels of public/private leadership to support Pennsylvania's goal to be a national leader in education and economic development, and its work results in innovation that improves and strengthens the workforce, drives entrepreneurship and contributes to a growing and vibrant Pennsylvania economy.
SOURCE Kennametal Inc.
