New Delhi: In a strategic business assessment visit post the Widia acquisition, Mr. Markos Tambakeras, chairman, president and chief executive officer of Kennametal Inc will visit India later this month. A little over a year ago, Kennametal Inc. took over the Widia businesses around the world, and acquired a 88 percent share in Widia India.
Company insiders intend that Kennametal Widia India will not only be a keystone for Kennametal's global growth strategy but also play a significant role in the revival of Indian manufacturing.
Mr. Tambakeras' visit coincides with India's largest manufacturing trade show-IMTEX - held once in three years. The exhibition will be held in Mumbai this year during January 28- February 3, 2004. The show acquires special significance this year in light of the recent upswing in the manufacturing sector.
Kennametal is likely to dovetail its business strategy to leverage opportunities emerging as a result of the manufacturing revolution. Kennametal-Widia India has lined up a slew of new product launches and an impressive Kennametal technology showcase for IMTEX 2004.
It may be noted that the Indian machine tool industry is on a new high with the concomitant growth in the auto and auto component sector. With this sharp increase in market demand for machine tools, Kennametal Widia India is also certain about a surge in the growth of its machine tool business.
In moving Kennametal Widia India towards global excellence, visitors at IMTEX 2004 will be privy to the power of Kennametal's cutting edge technology added to Widia's customer equity in India.
Kennametal Inc, the leading global tooling solutions supplier in auto components industry and metal working, owns the majority 88 percent stake in Widia (India). The company, Kennametal-Widia India Limited, is located in Bangalore and has 1200 employees.
Kennametal Inc is headquartered in Latrobe in Pennsylvania and currently operates in 60 countries with 14,000 employees.