Brief: Kadant Believes Impact From COVID-19 To Its Business Is Temporary

Kadant

19/03/2020 21:40

March 19 (Reuters) - Kadant Inc  KAI.N :
    * KADANT PROVIDES BUSINESS UPDATE ON COVID-19
    * KADANT INC - BELIEVE IMPACT FROM COVID-19 TO OUR BUSINESS
IS
TEMPORARY
    * KADANT INC - OBSERVED SOME SOFTENING IN ORDER VOLUMES IN
EUROPE
& A MORE PRONOUNCED DECLINE IN CHINA, AS EXPECTED, AS A RESULT
OF CORONAVIRUS
    * KADANT - CURRENTLY ALL 20 MANUFACTURING LOCATIONS AROUND
GLOBE
ARE FULLY OPERATIONAL, INCLUDING 3 PLANTS IN CHINA

Source text for Eikon:  ID:nGNX9kgG0G 
Further company coverage:  KAI.N 

 ((Reuters.Briefs@thomsonreuters.com;))