Kadant Black Clawson to Supply Stock Preparation System for Cascade’s Recycled Containerboard Expansion in Ashland, Virginia

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LEBANON, Ohio, December 9, 2020 – Kadant Black Clawson LLC, a subsidiary of Kadant Inc. (NYSE: KAI), announced it has received an order from 819 Virginia LLC, a subsidiary of Cascades Inc., to supply the complete stock preparation solution for its new production line at its Ashland, Virginia facility.

Cascades earlier announced that it will proceed with its planned conversion of the newsprint machine in Ashland to lightweight recycled containerboard production with a 465,000 tons per year capacity. Startup is scheduled for fourth-quarter 2022. The converted machine will operate at about 80% of capacity by the end of 2023, reaching 100% by the end of 2025.

The mill concluded the Kadant Foundations™ fiber processing product line was the preferred solution to meet its demanding performance targets. This tailored solution was developed after careful consideration of the unique challenges of the application and the goal for creating a more sustainable, profitable process. Additionally, Cascades required a highly dependable solution with robust processing to maintain the desired high quality and strength of the finished product.

About Kadant Black Clawson LLC

Kadant Black Clawson LLC 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. For more information, visit fiberprocessing.kadant.com.

About Kadant

Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,700 employees in 20 countries worldwide. For more information, visit www.kadant.com

Safe Harbor Statement

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 customers, 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 year ended December 28, 2019 and subsequent filings with the Securities and Exchange Commission.

Source: Kadant