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Kadant Fiberline Announces New Orders for PM11 and PM15 from Hubei Zhixing Paper

Beijing, China, July 12, 2022 – Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI), received an order for two OCC systems from Hubei Zhixing Paper Supply Co., Ltd., a subsidiary of Zhejiang Five Star Paper Co., Ltd. The 1,100 tons-per-day OCC line will supply corrugated medium to PM11 and the second OCC line, with a capacity of 1,350 tons per day will produce test liner.  Both systems are strategic investments for Zhejiang Five Star Paper Co.

“Hubei Zhixing Paper chose the efficient and energy saving Kadant Foundations™ fiber processing product line as its solution to improve the competitiveness of its products in Central China,” said Peter Ma, vice president of sales and marketing for Kadant Fiberline. “We are glad to be a strategic partner with Zhejiang Five Star Paper Co. helping them to produce containerboard more efficiently and with high quality furnish.”

About Kadant Fiberline China

Kadant Fiberline (China) Co. Ltd., is a leading fiber processing and recycling equipment supplier that designs, manufactures, and services equipment used in virgin and recycled paper stock preparation and paper machine approach-flow applications. For more information, visit fiberprocessing.kadant.com.

About Kadant

Kadant is a glo­­­­bal supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,000 employees in 20 countries worldwide. For more information, visit www.kadant.com.

Safe Harbor Statement

The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our products, technologies, and markets. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading "Risk Factors" in Kadant’s annual report on Form 10-K for the fiscal year ended January 1, 2022 and subsequent filings with the Securities and Exchange Commission.

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