| US Co gains US$19m worth of Asian orders in Q1 |
| By Staff reporter | |
| 07 March 2008 | |
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ASIA - Kadant Inc. has had a good start with a total of US$19 million worth of orders coming from Asia in the first quarter 2008, a sign of the growing strength of the region’s paper producers, said its chairman and CEO. One of the three orders Kadant has received is for the supply of an OCC preparation system for linerboard production to a major Asian producer for US$4 million. This pending order is scheduled for delivery in late 2008. Kadant has also gained two orders worth US$15 million through its subsidiary, Kadant Black Clawson Inc. From another major linerboard producer in Asia, the orders are for stock-preparation systems which will produce linerboard from recycled fiber. William A. Rainville, chairman and CEO, Kadant, said that the orders ‘demonstrate the strength of the Asian market as paper producers there continue to add capacity’. He added, “The orders from Asia further demonstrate customer confidence in Kadant technology and reflect our strong market presence in that region." US company Kadant Inc. is a major supplier to the global pulp and paper industry, with a range of products and services for pulp and paper production, including paper machine accessories and systems for stock preparation, fluid handling, and water management. Its fluid-handling products are also used to optimize production in the steel, rubber, plastics, food, and textile industries. Based in Westford, Massachusetts, Kadant achieved US$366 million in revenue for 2007, through its 2,000 employees located in 16 countries worldwide. |
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