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Kadant Receives Contract for Recycling System in Asia
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Westford, Massachusetts, USA, 04 March 2008 -- (BUSINESS WIRE) -- Kadant Inc. (NYSE:KAI) today announced that it has been awarded a contract with a value of over USD 4 million from a leading producer in Asia for an old corrugated container (OCC) stock preparation system to produce linerboard. This pending order, which is scheduled for delivery in late 2008, will be recorded as an order when the down payment is received. It is currently anticipated the down payment will be received in the spring of 2008.

"This pending order demonstrates the strength of the Asian market as paper producers there continue to add capacity", 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. The company had revenues of USD 366 million in 2007 and 2000 employees in 16 countries worldwide. For more information, visit www.kadant.com.

Source: Kadant Inc.


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