November 7, 2023
(press release)
–
Westford, Massachusetts, October 30, 2023 – Kadant Inc. (NYSE: KAI) today announced the launch of the Upcycling™ reject handling line as an integral part of Kadant’s fiber processing offerings. Upcycling was established to provide innovative, cost-effective solutions for reject handling challenges commonly found in the manufacture of pulp and paper. Kadant’s comprehensive Upcycling reject handling technologies provide advanced solutions for coarse reject handling, fine reject handling, and wastewater management. Innovation will be a focus of our Upcycling initiative, including the development of a thermoplastic system that will recover and process plastic waste as part of our comprehensive waste management solution. “Our mission is to create zero waste solutions by redefining recycling and waste management,” said Marcello Giorgi, Upcycling managing director. “Our Upcycling systems turn waste to worth by generating valuable output from the reject stream.” To identify waste challenges and improve financial performance at pulp and paper mills, a specialized Upcycling team conducts an audit that includes assessing waste disposal costs and environmental impacts. Upcycling experts then analyze the audit findings to provide a customized solution for transforming waste into valuable products such as metals, wire, and plastic pellets. As part of Kadant’s Fiber Processing group, Upcycling is supported by over 150 years of fiber processing expertise. By expanding Fiberline products to include this innovative technology, Kadant’s global fiber processing customers benefit from a more complete circular paper economy and support for their sustainability initiatives. About Kadant Safe Harbor Statement
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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