Rayonier Advanced Materials Announces Lumber and Newsprint Downtime in Response to COVID-19 Market Demand Impact; Other Facilities to Operate Normally
Rayonier Advanced Materials Inc. (RYAM)
Last rayonier advanced materials inc. earnings: 2/25 08:29 pm
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Source: Business Wire
JACKSONVILLE, Fla.--(BUSINESS WIRE)--In response to the COVID-19 outbreak and its impact on certain business markets, Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) announced curtailed production at seven Canadian locations. Starting this week, the Company will cease or reduce operations at all softwood sawmills located in Ontario and Quebec as well as halt production at the Company’s newsprint plant in Kapuskasing, Ontario. These curtailments will last at least two weeks and may be extended longer depending on market conditions. Existing sales orders will continue to be fulfilled from current inventory and reduced production at the Kapuskasing sawmill.All other facilities, including the four High Purity Cellulose (HPC) facilities in the U.S., Canada and France and the Pulp and Paperboard facilities in Temiscaming, Quebec, are expected to operate at normal levels. These facilities, each deemed an “essential business” in its given country, produce a variety of product
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RYAM
Earnings
- 11/5/24 - Miss
RYAM
Sec Filings
- 12/16/24 - Form 4
- 12/12/24 - Form 4
- 11/18/24 - Form 8-K
- RYAM's page on the SEC website