RYAM's Jesup Facility Resumes Full Production Ahead of Schedule
25 Outubro 2024 - 11:28AM
Business Wire
Rayonier Advanced Materials Inc. (NYSE: RYAM) ("RYAM"), a leader
in High Purity Cellulose, today announced that its Jesup, Georgia
facility has fully resumed operations ahead of schedule, following
an isolated fire on October 11. All production lines have returned
to producing on-grade material at full capacity.
"We are pleased to report that our Jesup facility is back to
full production," said De Lyle Bloomquist, President and Chief
Executive Officer of RYAM. "Our dedicated teams worked tirelessly
to restore operations quickly and safely, ensuring we continue to
meet the needs of our customers."
The Company continues to assess the financial impact of the
incident, including potential insurance recoveries, and will
provide further updates during its third-quarter earnings call on
November 6.
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.
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