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The US Kennametal Metal Manufacturing Project has recently settled in Baotou Special Steel Industrial Park and is currently handling EIA matters. Kennametal is a multinational company integrating research, manufacturing and marketing. Founded in 1938, Kennametal metal cutting tools have been a world leader in modern manufacturing and have been manufacturing powder metallurgy and tooling equipment. The leader is one of the world's largest professional tool suppliers. The company has more than 60 subsidiaries, branches, affiliates and joint ventures in more than 30 countries around the world. It officially entered the Chinese market in 1991. The Kennametal Metal Manufacturing Project, which is located in the Baotou Special Steel Industrial Park, covers an area of ​​40 mu, and has an annual output of 1,000 shearer spiral drum production lines, with an investment of 100 million yuan. After the project is operated, it is estimated that the sales income will be 70 million yuan.