Kadant Reports $18.1 Million in New Orders, Additional $17.5 Million Pending
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Kadant Inc., Westford, Mass., USA, this week announced that it has received orders totaling $18.1 million from two pulp and paper producers in Chile and the U.S. for chemical pulping equipment and a recycling system. The chemical pulping equipment will be used to recover chemicals in the kraft pulping process and the stock-preparation recycling system will be used to process recycled fiber for use in paper production.
Kadant also announced that it has been awarded contracts to provide chemical pulping equipment and a stock-preparation system with a combined value of $17.5 million from pulp and paper producers in Russia and China. Included in this total is a $6.1 million pending order from China that was previously disclosed. The remaining contract awards are from a pulp and paper producer in Russia, and consist of a pending order for $4.2 million and a letter of intent for a second order for $7.2 million, for which the company expects to receive the signed contract and down payment in the current quarter.
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