Westford-based Kadant Inc. announced this week that it has received $11 million in orders from three pulp and paper producers in the U.S. for chemical pulping equipment and recycling system upgrades.
“The favorable investment environment for chemical pulp and recycling projects in North America has resulted in these projects being converted to orders,” said Jonathan W. Painter, president and chief executive officer of Kadant. “We were pleased to have been recognized for our equipment reliability and energy efficient offerings as our customers continue to seek solutions to improve energy utilization, reduce water consumption, and increase fiber yield.”
Kadant (NYSE:KAI) earned $99 million in revenues for Q3, beating projections. Revenue guidance for Q4 is within the range of $104 to $106 million.