(USA) Kadant Inc. (NYSE:KAI) has announced that it has been awarded a contract with a value of over $4 million from a leading producer in Asia for an OCC stock preparation system to produce linerboard. This pending order, which is scheduled for delivery in late 2008, will be recorded as an order when the down payment is received. It is currently anticipated the down payment will be received in the spring of 2008.
“This pending order demonstrates the strength of the Asian market as paper producers there continue to add capacity”, said William A. Rainville, chairman and chief executive officer of Kadant. “We are pleased that the leading producers in this region rely on Kadant as a trusted partner to provide world class technology and systems.”
Kadant Inc. is a leading supplier to the global pulp and paper industry, with a range of products and services for improving efficiency and quality in pulp and paper production, including paper machine accessories and systems for stock preparation, fluid handling, and water management. Our fluid-handling products are also used to optimize production in the steel, rubber, plastics, food, and textile industries. In addition, we produce granules from papermaking byproducts for agricultural and lawn and garden applications. Kadant is based in Westford, Massachusetts, with revenues of $366 million in 2007 and 2,000 employees in 16 countries worldwide. For more information, visit www.kadant.com.
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