Kadant Fiberline Receives OCC System Order from Jiangxi Pingfeng Paper
Beijing, China, May 26, 2023 – Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI), was awarded an order from Pingfeng Paper for an OCC line with a capacity of approximately 720 BDMT per day. The new OCC line will produce corrugated paper and feature technology that enables high capacity with low energy consumption. Commissioning of the new system is expected in 2024.
“We are pleased Jiangxi Pingfeng Paper chose Kadant Foundations™ fiber processing product line for their modernization project,” said Peter Ma, vice president of sales and marketing of Kadant Fiberline China. “We greatly value our long-term collaboration with Pingfeng and appreciate the opportunity to provide an efficient, energy-saving solution 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.
Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,100 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 that involve a number of risks and uncertainties, including forward-looking statements about our 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 December 31, 2022 and subsequent filings with the Securities and Exchange Commission