WESTFORD, Mass.--(BUSINESS WIRE)--Feb. 4, 2015--
Kadant Inc. (NYSE:KAI) today 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.
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
and technologies. Our actual results may 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
quarterly report on Form 10-Q for the period ended September 27, 2014.
These include risks and uncertainties relating to our dependence on
process industries; significance of sales and operation of manufacturing
facilities in China; oriented strand board market and levels of
residential construction activity; commodity and component price
increases or shortages; dependence on certain suppliers; international
sales and operations; our acquisition strategy; our internal growth
strategy; fluctuations in currency exchange rates; competition;
soundness of suppliers and customers; our effective tax rate; future
restructurings; soundness of financial institutions; our debt
obligations; restrictions in our credit agreement; loss of key
personnel; reliance on third-party research; protection of patents and
proprietary rights; failure of our information systems or breaches of
data security; fluctuations in our share price; and anti-takeover
provisions. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
Source: Kadant Inc.
Kadant Inc.
Investor contact:
Thomas M. O’Brien, 978-776-2000
or
Media
contact:
Wes Martz, 269-278-1715
