Welcome to our dedicated page for Rayonier Advanced Materials news (Ticker: RYAM), a resource for investors and traders seeking the latest updates and insights on Rayonier Advanced Materials stock.
Rayonier Advanced Materials Inc. (symbol: RYAM) is a leading global supplier specializing in high-purity cellulose specialties, which are natural polymers essential for the chemical industry. With over 85 years of expertise, the company engineers intricate polymeric chemical chains to produce high-performance fibers at its state-of-the-art facilities located in Florida and Georgia.
Rayonier Advanced Materials has a production capacity of approximately 485,000 tons of cellulose specialties annually, which are integral components in a diverse array of products like filters, cosmetics, pharmaceuticals, cigarette filters, liquid crystal displays, paints, and food. In addition, the company produces around 245,000 tons of commodity products each year.
The company's intellectual property and manufacturing processes ensure high quality and consistency, making Rayonier Advanced Materials a preferred supplier for customers in various industries. The commitment to quality and innovation has resulted in the company being consistently ranked among the United States' top 50 exporters. The company delivers its products to 79 ports worldwide, serving clients in 20 countries across five continents.
Rayonier Advanced Materials operates through several reportable segments including High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The High Purity Cellulose segment is the primary revenue driver for the company. Recent achievements include advancements in product quality and capacity expansions to meet growing global demand. The company also focuses on sustainability and environmentally friendly manufacturing practices, further enhancing its reputation in the industry.
For investors, RYAM represents a stable and innovative company with a strong market position and a diverse global customer base. The latest news and updates about Rayonier Advanced Materials Inc. can be found below:
Rayonier Advanced Materials (RYAM) released its 2021 Environmental, Social, and Governance (ESG) Report, highlighting key sustainability initiatives. The report sets a target to reduce scope 1 and 2 greenhouse gas emissions by 40% by 2030 from a 2020 baseline. Notable report features include safety performance metrics, climate risk assessment, and sustainable fiber sourcing practices. The company's president emphasized their commitment to responsible growth and long-term shareholder value. The complete ESG report is available on their website.
Rayonier Advanced Materials (NYSE:RYAM) will announce its fourth quarter 2021 earnings on February 23, 2022, after market close. A conference call to discuss the results will take place on February 24, 2022, at 9:00 a.m. EST. Investors can access the call via phone or through a live webcast on the company's website, where a replay will also be available. Rayonier Advanced Materials is a leader in cellulose-based technologies, generating approximately $1.3 billion in revenue in 2020 and employing around 2,500 people.
Rayonier Advanced Materials (RYAM) has announced the launch of a second generation (2G) bioethanol produced from wood feedstock, positioning itself as a key player in Europe’s biofuels market. This bioethanol boasts a 90% smaller carbon footprint compared to fossil fuels, aiming to assist petrochemical companies in adopting cleaner energy solutions. Construction of the production facility is set to start in Spring 2022, with sales beginning Summer 2023. The initiative is expected to eliminate 25,000 tons of CO2 emissions annually and is backed by a long-term sales agreement with an international petrochemicals firm.
Rayonier Advanced Materials (NYSE: RYAM) has achieved International Sustainability and Carbon Certification Plus (ISCC+) for its Fernandina Beach facility. This certification enables RYAM's customers to procure ISCC+ certified High Purity Cellulose, aligning with sustainability goals in their markets. The ISCC+ certification may be expanded to other facilities in response to rising customer demand. Vito Consiglio, CEO, emphasized the company's commitment to sustainable production and high-quality biobased products.
Rayonier Advanced Materials Inc. (NYSE: RYAM) announced Vito J. Consiglio as the new President and CEO, effective January 1, 2022. Consiglio takes over from Paul G. Boynton, who is retiring after over ten years in his role. The Board of Directors emphasized a thorough search for a candidate with the expertise to drive growth in the specialty materials sector. With a proven commercial track record, Consiglio aims to enhance demand for the company's bio-based solutions, leveraging RYAM's strong assets and technical support capabilities.
Rayonier Advanced Materials (NYSE:RYAM) has appointed Joshua C. Hicks as Senior Vice President of High Purity Cellulose. Hicks, with nearly 20 years of experience, previously led a $1.3 billion division at Univar Solutions. His expertise in specialty chemicals is expected to enhance Rayonier's High Purity Cellulose business, focusing on innovative and sustainable products. Hicks holds a degree in chemical engineering and an MBA. Rayonier operates in the U.S., Canada, and France, generating approximately $1.3 billion in revenue while employing over 2,500 people.
Rayonier Advanced Materials (RYAM) announced plans for two significant management proposals to be voted on at the upcoming Annual Stockholder Meeting in May 2022. The first proposal seeks stockholder approval to declassify the Board of Directors for annual elections. The second aims to eliminate supermajority voting requirements for certain charter amendments, allowing a simple majority vote instead. If approved, these changes could enhance governance and shareholder influence at RYAM, which generates approximately $1.3 billion in revenue.
Rayonier Advanced Materials (RYAM) has partnered with the Georgia Center of Innovation and the University of Georgia to develop a sustainable method for producing prebiotics aimed at enhancing poultry gut health. This initiative, known as the Prebiotics for Poultry Project, utilizes coproducts from cellulose manufacturing to support Georgia's poultry and forestry industries. Initial studies indicate improved gut health in poultry fed with RYAM's prebiotics, aligning with the growing trend towards antibiotic-free poultry production.
Rayonier Advanced Materials (NYSE:RYAM) announced the completion of the sale of its lumber and newsprint assets for approximately $232 million, netting an estimated gain of $6 million. The company retired $127 million in senior unsecured debt and anticipates significant price increases on cellulose specialties contracts in 2022. Despite a net loss of $5 million for the quarter, adjusted EBITDA improved by $3 million to $35 million. The company aims to enhance EBITDA margins by focusing on cost reduction and strategic investments.
Rayonier Advanced Materials (NYSE:RYAM) will release its third quarter 2021 earnings on November 2, 2021, post market close. A conference call is scheduled for November 3, 2021, at 10:00 a.m. ET to discuss the results. The call will be accessible via phone and a live webcast on the company's website. Rayonier Advanced Materials specializes in cellulose-based technologies and reported approximately $1.3 billion in revenues with operations across the U.S., Canada, and France.
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