BEIJING
,
April 14, 2023
(press release)
–
Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc. (NYSE: KAI), announced it successfully started up two OCC Systems and a UKP System for PM16 at Zhejiang Shanying Paper’s facility in Jiaxing, China. These lines feature innovative technology to transform wastepaper into high quality stock while significantly reducing energy consumption. The two OCC systems include an LOCC line and AOCC line. Shanying’s new LOCC line has a capacity of 1400 metric tons per day, and the new AOCC line is designed with a capacity of 700 metric tons per day. The UKP System’s capacity is 350 metric tons per day. “Kadant Fiberline China is dedicated to its partnership with Zhejiang Shanying Paper,” said Peter Ma, vice president of sales and marketing at Kadant Fiberline China. “The success of our collaboration is demonstrated by our continuous implementation of innovative technologies.” About Zhejiang Shanying Paper About Kadant Fiberline China About Kadant Safe Harbor Statement
Zhejiang Shanying Paper Co., Ltd. founded in 2002, is part of Shanying International Holdings Co., Ltd. The company has several packaging paper and newspaper production lines producing boxboard paper, high strength fluting paper, card paper, newspaper and other products. The production lines use domestic and foreign recycled fibers. Shanying International Holdings Co., Ltd., is one of the largest industrial papermaking enterprises and packaging board manufacturers in China.
Kadant Fiberline (China) Co. Ltd., is a leading fiber processing and recycling equipment supplier that designs, manufactures, and services equipment used in virgin and recycled paper stock preparation and paper machine approach-flow applications.
Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,100 employees in 20 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 markets. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading "Risk Factors" in Kadant’s annual report on Form 10-K for the fiscal year ended December 31, 2022 and subsequent filings with the Securities and Exchange Commission.
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