05.02.15

Kadant: Two orders

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WESTFORD - Kadant Inc. (NYSE:KAI) announced it received two orders totaling approximately $10 million from leading paper producers in Taiwan and the U.S. for virgin and recycled fiber processing equipment used in the production of paper and packaging. The orders were booked in the first quarter of 2015.

“These orders get us off to a good start in 2015 and reinforce the importance our customers place on investing in technologies that optimize energy utilization while reducing water consumption as they seek to develop new competitive advantages in their end markets,” commented Jonathan W. Painter, president and chief executive officer of Kadant.

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 $344 million in 2013 and 1,800 employees in 18 countries worldwide. For more information, visit www.kadant.com.
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