NEW YORK Tool maker
Kennametal Inc. is looking to build an advanced carbide
recycling facility to recycle material from scrap and consumed
products such as metal-cutting inserts, the company said
"Were talking about a
high-tech operation where well process used materials to
develop new compounds essential to our industrial technology,"
Kennametal chairman, president and chief executive officer
Carlos Cardoso said in a statement.
The company is also looking to
expand tungsten-cobalt blended powder operations at its
facility in Tianjin, China, in order to streamline customer
service while reducing export delays and duties on the
material, it said.
"Both multiyear projects focus
on diversifying Kennametals tungsten sourcing to balance
supplies, costs and access to raw materials, while also
supporting sustainability and its global growth strategy to
achieve one-third of revenues each from North America, Europe
and Asia (and the) rest of (the) world," the company said,
adding that "initial capital plans for these projects are
included in its fiscal year 13 forecast."
Latrobe, Pa.-based Kennametal
has in the past been a buyer of tungsten ores and concentrates
from Fort Belvoir, Va.-based DLA Strategic Materials (
amm.com, Aug. 29) and already runs a carbide
recycling program, according to its website.
Ammonium paratungstate prices have fallen recently, with the
material now trading between $310 and $340 per metric ton unit
(mtu) compared with $320 to $340 per mtu previously, according
to AMM sister publication Metal Bulletin.