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    RYAM Restarts Jesup A Line Ahead of Schedule; Full Operations Anticipated around October 28th

    10/21/24 4:36:00 PM ET
    $RYAM
    Paper
    Basic Materials
    Get the next $RYAM alert in real time by email

    Rayonier Advanced Materials Inc. (NYSE:RYAM) ("RYAM"), a leader in High Purity Cellulose, announced today that power has been fully restored to its Jesup, Georgia site and that the A Line has restarted operations. The A Line, which primarily produces cellulose specialties for use in filtration, food and pharmaceuticals, and tire cord, is currently operating at approximately 80 percent capacity, with an anticipated ramp-up to full capacity within a week. Repair work on the B line is ongoing and is expected to be completed with a restart on or around October 28.

    The Company continues to assess the financial cost of the incident along with any potential insurance recovery. Further financial updates will be provided during its third-quarter earnings call in early November.

    About RYAM

    RYAM is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly used in the production of filters, food, pharmaceuticals and other industrial applications. RYAM's specialized assets, capable of creating the world's leading high purity cellulose products, are also used to produce biofuels, bioelectricity and other biomaterials such as bioethanol and tall oils. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the U.S., Canada and France, RYAM generated $1.6 billion of revenue in 2023. More information is available at www.RYAM.com.

    Forward-Looking Statements

    Certain statements in this document regarding anticipated financial, business, legal, or other outcomes, including business and market conditions, outlook, and other similar statements relating to Rayonier Advanced Materials' or future or expected events, developments, or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "intend," "anticipate," and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events, and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that these expectations will be attained. It is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.

    Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes no obligation to update these statements except as is required by law.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241021471908/en/

    Get the next $RYAM alert in real time by email

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    Q&A

    New
    • What recent operational developments have occurred at Rayonier Advanced Materials' Jesup, Georgia site?

      Rayonier Advanced Materials has restored power fully at its Jesup, Georgia site, and the A Line is currently operating at approximately 80% capacity with a full ramp-up expected next week.

    • What is the status of the B line operations at Rayonier Advanced Materials?

      The B line's repair work is still ongoing and is expected to be completed with a restart around October 28.

    • How is Rayonier Advanced Materials handling the financial impact of the incident?

      Rayonier is currently assessing the financial implications of the incident, including potential insurance recovery, with updates to be provided during the third-quarter earnings call in early November.

    • What can you tell us about Rayonier Advanced Materials' financial performance in 2023?

      Rayonier Advanced Materials generated $1.6 billion in revenue in 2023, focusing on cellulose specialties among other products.

    • What products does Rayonier Advanced Materials produce and what industries do they serve?

      The company manufactures products that are utilized in filters, food, pharmaceuticals, biofuels, and packaging, showcasing its position as a leader in cellulose-based technologies.

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