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Kadant,
Inc. Added to KLD's Domini 400 Social Index
BOSTON, MA - February 24, 2004 - KLD Research
& Analytics, Inc., an independent investment research
firm, announced today that Kadant, Inc. (KAI) has
been added to KLD's Domini 400 SocialSM
Index (DS 400 Index). Kadant, Inc. is headquartered
in Acton, Massachusetts.
Kadant,
Inc. makes paper-recycling equipment, including
de-inking systems, stock-preparation equipment,
water-management systems, and other similar equipment.
The company also manufactures composite building
products produced from recycled fiber and plastic.
Reasons
the company was added to KLD's DS 400 Index
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The majority of Kadant's revenue comes from the
sale of paper-recycling equipment. The company's
Kadant Black Clawson Inc. subsidiary manufactures
paper recycling systems that recover usable fiber
from various sources of wastepaper using advanced
de-inking, pulping, cleaning, screening, and washing
technologies.
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In addition, Kadant designs, builds, and operates
pulp and paper mills with a closed-loop water
and solids operating system. In 1998 the company
began operating its first closed-loop facility.
Paper production is one of the most water-intense
industrial processes. To ensure product quality,
water used in paper manufacturing must be clean.
The recycling of recovered paper leads to an accumulation
of contaminants in water. The closed-loop system
dramatically reduces the amount of water necessary
to operate paper mills.
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Kadant's composites division developed a family
of engineered composites made from recycled plastics
and reinforced by natural fibers extracted from
the paper making process. These products are made
into decking materials, privacy fencing, soundwall
barriers and roofing materials.
About the KLD Family of Indexes
KLD's Domini 400 Social Index (DS 400 Index) is
the established benchmark for measuring the impact
of social screening on financial performance. Launched
in May 1990, the DS 400 Index is the first benchmark
for equity portfolios subject to multiple social
screens. The index consists of 400 diversified equities
that pass a broad range of social screening criteria.
The KLD Broad Market SocialSM
Index (KLD BMS Index) is the screened subset of
the Russell 3000®
Index, and the KLD Large Cap SocialSM
Index (KLD LCS Index) is the screened subset of
the Russell 1000®
Index. The KLD BMS and LCS Indexes were launched
on January 1, 2001.
About KLD Research & Analytics, Inc.
KLD Research & Analytics, Inc. is an independent
investment research firm providing investment management
tools that are used by professionals to serve clients
requiring investment strategies based on social
and environmental responsibility. KLD products and
services, including Socrates (a web-based, company
research tool) are used for screening, compliance
and asset gathering.
For
more information about KLD or the KLD Domini 400
Social Index, please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270)
or via e-mail (kagredo@kld.com).
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