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Kadant Fiberline China Starts up OCC System at Guizhou Pengsheng’s Mill

Beijing, China, January 12, 2021 – Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI), announced it successfully started up its 800 tons per day OCC system at Guizhou Pengsheng’s greenfield mill in Anlong for its PM1. Pengsheng uses 100% domestic recovered paper as raw material and manufactures 90 to 140 gsm corrugating medium from recycled OCC.

Pengsheng selected Kadant Fiberline China based on Kadant’s proven technology and track record of successful installations of OCC systems. With the startup of a second OCC line, the mill is expected to produce a total of 350,000 metric tons of linerboard per year.

“We are very excited to be part of Pengsheng’s successful journey,” said Peter Ma, vice president of sales and marketing at Kadant Fiberline China. “Pengsheng was founded in 2011 and is already a world player incorporating our expertise and technology in the processing of recycled fiber.”

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.

About Kadant

Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,700 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 customers, 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 year ended December 28, 2019 and subsequent filings with the Securities and Exchange Commission.

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