According to the US "Pittsburgh Business Times" report, Kennametal announced on October 12 that its WIDIA product group was officially launched, thus completing the transfer of all its existing metal cutting tool and tool system brands to two separate The work of the product group - WIDIA and Kennametals product group.
The two groups will be market-oriented separately. The WIDIA brand will primarily sell products through distribution and selective direct customers; the Kennametals brand is targeted at a direct brand and can also be sold through a selectable value-added agent.
According to a report released by Kenner, this move is part of the company's corporate strategy, which is designed to make it easier for customers around the world to access their metal cutting products and services, focus on corporate design and marketing investments, and reduce inventory. The number of products and build a distribution brand.
Kenner Cardoso, Chairman and CEO of Kenner, said that customers will benefit from Kennametal's improvement of corporate organization. "They will become easier to do business with us."
In May of this year, Kennametal announced that it would sell its high-speed steel drill business to TDC (Top Eastern Drill Co. Ltd.) under the Far East Group of China for US$29 million.
Over the past few months, Kenner has taken a series of measures to optimize its organizational structure. In January of this year, as part of a restructuring plan, the company announced that it would lay off 1,200 workers; in March, all employees of the company took a week off without pay; in June, company executives paid a 15% payoff; in July, Kenner The report reported a sales income of $386 million in the previous fiscal year and a net loss of $32.9 million (45 cents per share). The company is scheduled to release revenue for the first quarter of this fiscal year on October 29.
The two groups will be market-oriented separately. The WIDIA brand will primarily sell products through distribution and selective direct customers; the Kennametals brand is targeted at a direct brand and can also be sold through a selectable value-added agent.
According to a report released by Kenner, this move is part of the company's corporate strategy, which is designed to make it easier for customers around the world to access their metal cutting products and services, focus on corporate design and marketing investments, and reduce inventory. The number of products and build a distribution brand.
Kenner Cardoso, Chairman and CEO of Kenner, said that customers will benefit from Kennametal's improvement of corporate organization. "They will become easier to do business with us."
In May of this year, Kennametal announced that it would sell its high-speed steel drill business to TDC (Top Eastern Drill Co. Ltd.) under the Far East Group of China for US$29 million.
Over the past few months, Kenner has taken a series of measures to optimize its organizational structure. In January of this year, as part of a restructuring plan, the company announced that it would lay off 1,200 workers; in March, all employees of the company took a week off without pay; in June, company executives paid a 15% payoff; in July, Kenner The report reported a sales income of $386 million in the previous fiscal year and a net loss of $32.9 million (45 cents per share). The company is scheduled to release revenue for the first quarter of this fiscal year on October 29.
Solar Light With Camera,Led Solar Light With Camera,Solar Powered Led Light With Cctv Camera,Solar Street Light With Camera 4G
Yantai LUHAO Lighting CO.,Ltd , https://www.luhaosolar.com