Kadant: Orders for wood processing equipment
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WESTFORD, Massachusetts - Kadant Inc. (NYSE:KAI) announced it received two orders for its wood processing equipment with a combined total of approximately $5 million. The orders included multiple batch feeding systems and strander systems for OSB (oriented strand board) producers in France and Malaysia. The strander and batch infeed systems are expected to be delivered and commissioned in the second half of 2016.
“We are pleased to be awarded these new orders from major OSB producers in Europe and Asia,” said Jonathan W. Painter, president and chief executive officer of Kadant. “Both of these orders represent important growth opportunities for Kadant. The order in Malaysia reinforces the increasing acceptance of OSB as an economical alternative to plywood for applications such as construction, furniture, and packaging while the order in Europe represents an opportunity to grow our market share as European customers value the safe and reliable operation of our equipment.”
Kadant Carmanah Design, based in Surrey, British Columbia, is the global leader in the supply of technology and equipment used in the manufacture of strands for production of oriented strand board (OSB) and other engineered wood products. Kadant Carmanah Design is a division of Kadant Inc. subsidiary Kadant Canada Corp.
Kadant Inc. (NYSE:KAI) 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 revenues of $390 million in 2015 and 1,800 employees in 18 countries worldwide.
For more information, visit www.kadant.com.