The opening ceremony of the new plant of Kennametal (Xuzhou) Co., Ltd. was held on September 29, 2009.

Kennametal Group is the world's leading provider of tooling solutions, engineering accessories and services. After more than 70 years of development, its business organization has spread to more than 60 countries and regions around the world, with annual sales of more than 2.7 billion US dollars. Its business involves aerospace, natural resources, transportation, coal mining, roads, energy, electricity, durable goods, etc. The industry has become the world's leading supplier of tooling solutions, engineering accessories and services.

Kenan Matt (Xuzhou) Co., Ltd. is a wholly-owned subsidiary of Kennametal Group in China, specializing in the production of cutting tools and wear-resistant products for mining and roads. In 2009, Kennametal Group invested in Xuzhou to build a larger new factory, Kennametal (Xuzhou) Co., Ltd., which will become its production, R&D and service base for mining and road tools in China and Asia Pacific.

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