Kadant Receives OCC and Approach Flow System Orders for Jintian’s Yancheng Mill
Beijing, China, August 19, 2021 – Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI), was awarded an order for two OCC systems with a combined capacity of 1800 tons per day and two approach flow systems from Jiangsu Jintian Paper. The OCC and approach flow systems are for its PM20 and PM21 and are scheduled to start up in 2022. They will be used to produce recycled fiber-based kraft linerboard in a basis weight range of 90-160 gsm at Jintian’s mill in Yancheng city. The raw material is local waste paper.
“We are very pleased to cooperate with Jintian with our Foundations™ fiber processing technology,” said Peter Ma, vice president of Kadant Fiberline (China) Co. “Kadant’s proven technology for fiber processing as well as the experience and trust gained over the past years were key factors for receiving the orders for this project. The new Kadant Foundations fiber processing product line features innovative technologies and equipment enabling the mill to operate with excellent stock quality and yield and reduce energy consumption by up to 20%.”
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.
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 2,800 employees in 21 countries worldwide. For more information, visit www.kadant.com
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The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains 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 fiscal year ended January 2, 2021 and subsequent filings with the Securities and Exchange Commission.