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Technical Side
Kadant Receives Order from Vietnam and Pending Orders from Asia
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Westford, Massachusetts, USA, 20 September 2007 --(BUSINESS WIRE)-- Kadant Inc. (NYSE:KAI) today announced that it has received an order of more than USD 13 million for three stock preparation systems from the Saigon Paper Corporation for installation in its mill in Ho Chi Minh City, Vietnam. The systems, which will be supplied by a subsidiary of Kadant, include a 150 ton per day deinking system to produce tissue and white top liner, a 450 ton per day OCC system to produce linerboard, and a 200 ton per day OCC and mixed waste system to produce linerboard and fluting. The systems are scheduled for delivery in mid-2008.

Kadant also announced that it has been awarded several additional contracts with a combined value of more than USD 22 million from an Asian customer for stock preparation systems to produce linerboard. These pending orders, which are scheduled for delivery in 2008 and 2009, will be recorded as orders when the down payments are received. It is currently anticipated the down payments will be received in late 2007 and mid-2008. The timing and receipt of the down payments are subject to a number of uncertainties, and there can be no assurance the company will be able to record and recognize revenue on these pending orders.

"The order from Vietnam, along with the pending orders, demonstrate the continued strength of the paper industry in Asia as more production shifts to that region of the world," said William A. Rainville, chairman and chief executive officer of Kadant.

Kadant Inc. is a leading supplier to the global pulp and paper industry, with a range of products and services for improving efficiency and quality in pulp and paper production, including paper machine accessories and systems for stock preparation, fluid handling, and water management. The company's fluid-handling products are also used to optimize production in the steel, rubber, plastics, food, and textile industries. In addition, Kadant produces granules from papermaking byproducts for agricultural and lawn and garden applications. Kadant is based in Westford, Massachusetts. It had revenues of USD 342 million in 2006 and had 2000 employees in 16 countries worldwide. For more information, visit www.kadant.com.


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