Kadant Fiberline Receives Order for DIP and Approach Flow Systems from Taizhou Forest Paper Co.
Beijing, China, July 14, 2022 – Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI) was awarded an order from Taizhou Forest Paper Co. for a deinked pulp (DIP) line and two related approach flow systems with a combined capacity of approximately 600,000 tons per year. The equipment is for Taizhou’s Wenling mill and designed to produce coated whiteboard. Commissioning of the new systems is expected in 2023.
“We are pleased to be a preferred provider of technologies and engineered systems for Taizhou’s latest investments at the Wenling mill,” said Peter Ma, vice president of sales and marketing at Kadant Fiberline China. “These new systems feature energy-saving components and technologies that help to drive new innovation to advance sustainable manufacturing.”
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. For more information, visit fiberprocessing.kadant.com.
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 3,000 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 January 1, 2022 and subsequent filings with the Securities and Exchange Commission.