Kadant Johnson Receives Dryer Section Rebuild Order from U.S. Packaging Mill

 

Three Rivers, Mich., April 23, 2010 - Kadant Johnson Inc., a subsidiary of Kadant Inc. (NYSE:KAI), recently received an order from a specialty packaging producer for paper drying system upgrades and steam-handling equipment. The energy-driven project is expected to reduce mill water usage and energy consumption.

 

As part of the project justification, Kadant Johnson performed dryer studies on the machines that identified potential reductions in both energy and water consumption at the mill. Kadant Johnson will supply engineering for new steam systems, thermocompressors, and related paper drying equipment. The majority of the equipment will be installed this spring.

 

Kadant Johnson Inc., based in Three Rivers, Michigan, is a leading provider of rotary joints, precision unions, and fluid handling systems to process industries, where they optimize heat transfer in rotating cylinders and integrate fluid handling 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 by products for agricultural and lawn and garden applications. Kadant is based in Westford, Massachusetts, with revenues of $226 million in 2009 and 1,600 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, technologies, and customers. 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 annual report on Form 10-K for the period ended January 2, 2010. 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; soundness of suppliers and customers; our debt obligations; restrictions in our credit agreement; soundness of financial institutions; litigation and warranty costs related to our discontinued operation; our acquisition strategy; future restructurings; factors influencing our fiber-based products business; protection of patents and proprietary rights; 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.

 

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