JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Rayonier Advanced Materials Inc. (NYSE: RYAM, the "Company") announced today that, effective immediately, it will increase prices for its Cellulose Specialties products by up to 10 percent, depending on product grade, as contracts allow. This increase is driven by market dynamics, cost inflation, and other economic drivers.
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. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the U.S., Canada, and France, RYAM generated an estimated $1.6 billion of revenue in 2023. More information is available at www.RYAM.com.
What is the maximum price increase for Rayonier Advanced Materials' Cellulose Specialties products?
Rayonier Advanced Materials (NYSE: RYAM) announced a price increase of up to 10 percent for its Cellulose Specialties products, depending on the product grade.
When does the price increase for RYAM's Cellulose Specialties products take effect?
The price increase for Rayonier Advanced Materials' Cellulose Specialties products takes effect immediately, as announced in their press release.
What factors led to Rayonier Advanced Materials' decision to increase Cellulose Specialties prices?
Rayonier Advanced Materials cited market dynamics, cost inflation, and other economic drivers as the reasons behind their decision to increase prices for Cellulose Specialties products.
How will the Cellulose Specialties price increase be applied to existing RYAM contracts?
The press release states that the price increase for Rayonier Advanced Materials' Cellulose Specialties products will be applied 'as contracts allow,' suggesting that existing contracts may have different terms for price adjustments.
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