Kadant Receives $17.6 Million in Orders for Recycling Systems in China
 Print this article | Send to Colleague
Kadant Inc., Westford, Mass., USDA, reports that it has received orders totaling $17.6 million for eight stock-preparation systems from four containerboard producers in China since the beginning of the fourth quarter. Included in the total were $14.1 million of pending orders that were previously disclosed. All of the systems are scheduled for delivery in the second half of 2011.
Kadant also announced that it has been awarded additional contracts from three containerboard producers in China for four approach flow systems and two recycling systems for linerboard production with a combined value of $7.6 million. These pending orders will be recorded as orders when the down payments are received.
"The recycling systems integrate Kadant's latest technology to reduce energy consumption and improve fiber yield, while the deinking systems, included with two of the orders, will provide deinked pulp to serve the rapidly growing white top linerboard market in China." said Jonathan W. Painter, president and CEO of Kadant.
|
|
