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Kadant Fiberline Receives Order for OCC Systems Destined for Shanxi Province in Northwestern China

Beijing, China, July 7, 2022 – Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI), received an order from Shanxi Power Generation Oriental Smart Energy Co., Ltd. for two OCC systems for its PM1 and PM2. The new PM1 will produce corrugated medium with a capacity of 800 tons per day and PM2 will produce linerboard with a capacity of 1,050 tons per day.

As part of the Kadant Foundations fiber processing product line, these OCC systems feature innovative technologies and equipment enabling the mill to operate with high stock quality and fiber yield while generating up to a 20% reduction in energy consumption.

“We are excited to be working alongside Shanxi Power Generation with its first major investment in the papermaking segment,” commented Peter Ma, vice president of sales and marketing for Kadant Fiberline. “With the completion of this project, Shanxi Power Generation Oriental Smart Energy Co. will become the first large producer of containerboard in northwestern China.”

The new machines are expected to start-up in 2023 and 2024.

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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