Kadant: Orders from OSB Manufacturers

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WESTFORD - Kadant Inc. (NYSE:KAI) announced it received three orders for its wood processing equipment with a combined total of approximately $7 million. The orders included a batch feeding system and two SmartRing™ strander systems for OSB (oriented strand board) producers in the U.S., Hungary, and Belgium.

“We continue to see our customers investing in technologies and solutions that help them increase their operating efficiency and total output,” said Jonathan W. Painter, president and chief executive officer of Kadant. “These orders demonstrate the high value OSB producers place on reliable, heavy-duty wood-processing equipment and we are pleased to be recognized for our products and service in these demanding production environments.”

The SmartRing strander systems and the batch feeder will be used in the production of OSB engineered wood panels. The batch feeder is expected to be shipped and commissioned in the second half of 2015, while the stranding systems will ship and be commissioned in the first half of 2016.

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 revenues of $402 million in fiscal year 2014 and 1,800 employees in 18 countries worldwide. For more information, visit www.kadant.com
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