Kadant and Saigon Paper Forge Ahead with Major Recycling Equipment Order
VITRY-LE-FRANÇOIS, France –November 21, 2007--Kadant Lamort SAS, a subsidiary of Kadant Inc. (NYSE:KAI), is currently in production of three stock preparation systems from the Saigon Paper Corporation for installation in its mill in Ho Chi Minh City, Vietnam.As previously announced, the systems 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 fluting, and a 200 ton per day OCC and mixed waste system for the middle layer of a duplex board machine. The Kadant supply features the company’s latest stock preparation technologies including the ScreenONE™ screening system, FiberNET™ pressure screen, Vorto rotor and Maximizer™ bedplate. The systems are scheduled for delivery in mid-2008.
According to Saigon Paper’s General Manager, Mr. Nam, “Saigon Paper Corporation is a leading paper company in Vietnam, and we are working to become a key paper producer throughout Asia. We are proud to work with Kadant and its innovative stock preparation systems.”
“Improving mill operating efficiency was one of the primary reasons that Saigon Paper ordered three Kadant stock preparation systems,” said Alain Serres, president of Kadant Lamort. “And we are very happy to have been selected as the preferred supplier based on proven experience and technology.”
Kadant Lamort SAS, based in Vitry-le-François, France, is a leading fiberline process equipment supplier that designs, manufactures, and services equipment used in virgin and recycled paper and paper machine approach-flow applications. In addition, we supply paper machine doctoring equipment and other papermaking accessories, as well as filtration, formation, and cleaning and conditioning systems.
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. Our fluid-handling products are also used to optimize production in the steel, rubber, plastics, food, and textile industries. In addition, we produce granules from papermaking byproducts for agricultural and lawn and garden applications. Kadant is based in Westford, Massachusetts, with revenues of $342 million in 2006 and 2,000 employees in 16 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. Important factors that could cause actual results to differ materially from those indicated by such statements are set forth under the heading "Risk Factors" in Kadant's quarterly report on Form 10-Q for the period ended September 29, 2007. These include risks and uncertainties relating to our dependence on the pulp and paper industry; significance of sales and operation of manufacturing facilities in China; international sales and operations; competition; our debt obligations; restrictions in our credit agreement; litigation and warranty costs related to our discontinued operation; our acquisition strategy; future restructurings; factors influencing our fiber-based products; protection of patents and proprietary rights; fluctuations in quarterly operating results; 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.