Kadant Inc. announced that its Kadant Black Clawson Inc. subsidiary has received three separate orders for stock-preparation systems with a combined value of about $18 million from a leading producer of linerboard in Asia.
Kadant Black Clawson has also been awarded two additional contracts for stock-prep systems from customers in Asia with a value more than $10 million that will be recorded as orders when the down payments are received. The down payments are currently expected in the second quarter of 2007.
"These orders, together with the pending orders awaiting down payments, total approximately $28 million - an outstanding start for our Asian business in 2007," said William Rainville, chairman and CEO of Kadant. "All this business, which was included in our 2007 revenue and earnings guidance, gives us increased confidence in our ability to achieve our targets for 2007. We are pleased that the leading paper producers in the region continue to recognize and value our leading-edge technologies and have selected Kadant as their supplier of choice for their advanced stock-preparation processes."
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