PITTSBURGH, March 13, 2017 /PRNewswire/ -- Kennametal
Inc. (NYSE: KMT) today announced that it has been recognized as one
of 2017's World's Most Ethical Companies by the Ethisphere
Institute, a global leader in defining and advancing the standards
of ethical business practices.
This marks the sixth consecutive year that Kennametal has
received the World's Most Ethical Companies distinction, which
honors companies who consider the impact of their actions on their
employees, investors, customers and other key stakeholders and use
their values and culture as an underpinning to the decisions they
make every day.
"Regardless of roles, responsibilities or location, Kennametal
team members are united by their strong passion to conduct business
with the highest ethical standards each day," said President and
CEO Ron De Feo. "We are proud to be
regarded among the world's most ethical companies for six
consecutive years, and will continue to work diligently to conduct
business with the utmost integrity."
In addition to the company's extensive ethics training program,
Kennametal's executive team led by De Feo hosts Business Practice
Summits in the Americas, EMEA and Asia
Pacific regions to reinforce business standards and
expectations across the organization and at all levels.
"Over the last eleven years we have seen the shift in societal
expectations, constant redefinition of laws and regulations and the
geo-political climate. We have also seen how companies honored as
the World's Most Ethical respond to these challenges. They
invest in their local communities around the world, embrace
strategies of diversity and inclusion, and focus on long term-ism
as a sustainable business advantage," explained Ethisphere's Chief
Executive Officer, Timothy Erblich.
"Congratulations to everyone at Kennametal for being recognized as
a World's Most Ethical Company."
Kennametal is the only company in the machine tools and
accessories industry to be honored this year, underscoring their
commitment to leading ethical business standards and practices.
Company representatives will accept the 2017 World's Most Ethical
Companies award at Ethisphere's Annual Gala Dinner on March 14 in New York
City.
At the forefront of advanced materials innovation for more
than 75 years, Kennametal Inc. is a global industrial technology
leader delivering productivity to customers through materials
science, tooling and wear-resistant solutions. Customers across
aerospace, earthworks, energy, general engineering and
transportation turn to Kennametal to help them manufacture with
precision and efficiency. Every day approximately 11,000 employees
are helping customers in more than 60 countries stay competitive.
Kennametal generated nearly $2.1
billion in revenues in fiscal 2016. Learn more at
www.kennametal.com
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SOURCE Kennametal Inc.