RYAM to Suspend Temiscaming High Purity Cellulose Plant Operations for an Indefinite Period
Rayonier Advanced Materials Inc. (NYSE: RYAM) is announcing that, effective July 2, 2024, it will suspend operations at its Temiscaming High Purity Cellulose (HPC) plant for an indefinite period.
- Rayonier Advanced Materials Inc. (NYSE: RYAM) is announcing that, effective July 2, 2024, it will suspend operations at its Temiscaming High Purity Cellulose (HPC) plant for an indefinite period.
- Given current market conditions and high capital and fixed costs associated with the HPC plant, this decision will help mitigate the plant’s ongoing operating losses and improve the Company’s consolidated free cash flow.
- The Temiscaming HPC facility has an annual production capacity of approximately 150,000 metric tons, with roughly 30 percent historically dedicated to specialty cellulose materials.
- The Company will be working directly with its customers to support their specialty cellulose needs in both the short- and long-term.