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Kadant to Supply OCC and UKP Systems to Zhejiang Shanying Paper’s PM16 and PM17

Beijing, China, July 9, 2021 - Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI), announced it will supply an additional four OCC systems with a combined capacity of 4,200 tons per day and a UKP system to Zhejiang Shanying Paper for its PM16 and PM17 in Jiaxing City, China. Start-up of the OCC systems and UKP system are scheduled for the end of 2022.

The new Kadant Foundations™ fiber processing product lines to be installed feature advanced technologies and equipment enabling the mill to operate with excellent stock quality and yield with up to 20% savings in fiber and energy consumption. These new OCC systems and UKP system will continue the expansion of Shanying Paper’s business in the Zhejiang area. The order consists of pulping, screening, cleaning, disc filters, and dispersion and refining equipment along with a complete reject handling system.

“We are very pleased to be selected once again as a key partner of Shanying to supply our Foundations OCC and UKP systems,” said Peter Ma, vice president of sales and marketing at Kadant Fiberline China. “Kadant’s advanced technologies and the reliable performance of the Kadant OCC lines previously supplied were the decisive criteria for this project.”

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 2,600 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 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.

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