RYAM Restarts Jesup A Line Ahead of Schedule; Full Operations Anticipated around October 28th
Rayonier Advanced Materials Inc. (NYSE: RYAM) has announced the restoration of power to its Jesup, Georgia site and the restart of its A Line operations. The A Line, which produces cellulose specialties for filtration, food, pharmaceuticals, and tire cord, is currently operating at 80% capacity and is expected to reach full capacity within a week.
The company's B Line is still undergoing repairs and is anticipated to restart around October 28th. RYAM is currently assessing the financial impact of the incident and potential insurance recovery. More detailed financial information will be provided during the company's third-quarter earnings call in early November.
Rayonier Advanced Materials Inc. (NYSE: RYAM) ha annunciato il ripristino dell'energia elettrica presso il suo stabilimento di Jesup, in Georgia, e il riavvio delle operazioni della Linea A. La Linea A, che produce specialità di cellulosa per filtrazione, alimenti, prodotti farmaceutici e corda per pneumatici, sta attualmente operando a 80% di capacità ed è prevista la piena capacità entro una settimana.
La Linea B dell'azienda è ancora in fase di riparazione e si prevede che riparta intorno al 28 ottobre. RYAM sta attualmente valutando l'impatto finanziario dell'incidente e il potenziale recupero assicurativo. Maggiore informazione finanziaria sarà fornita durante la call sugli utili del terzo trimestre all'inizio di novembre.
Rayonier Advanced Materials Inc. (NYSE: RYAM) ha anunciado la restauración del suministro eléctrico en su sitio de Jesup, Georgia, y el reinicio de las operaciones de la Línea A. La Línea A, que produce especialidades de celulosa para filtración, alimentos, productos farmacéuticos y cordones para neumáticos, está actualmente operando a 80% de capacidad y se espera que alcance la plena capacidad en una semana.
La Línea B de la compañía aún está en reparación y se anticipa que reinicie alrededor del 28 de octubre. RYAM está evaluando actualmente el impacto financiero del incidente y la posible recuperación de seguros. Se proporcionará información financiera más detallada durante la llamada de ganancias del tercer trimestre a principios de noviembre.
Rayonier Advanced Materials Inc. (NYSE: RYAM)는 조지아주 제섭에 있는 시설에 전력이 복구되었고 A라인 운영이 재개되었음을 발표했습니다. A라인은 필터링, 식품, 제약 및 타이어 코드용 셀룰로오스 특수 제품을 생산하며 현재 80% 용량으로 운영되고 있으며, 일주일 내에 완전 용량에 도달할 것으로 예상됩니다.
회사의 B라인은 여전히 수리 중이며 10월 28일 경에 재개될 것으로 보입니다. RYAM은 현재 사건의 재정적 영향과 보험 회수 가능성을 평가하고 있습니다. 보다 자세한 재무 정보는 11월 초에 있을 회사의 3분기 실적 발표 전화회의에서 제공될 예정입니다.
Rayonier Advanced Materials Inc. (NYSE: RYAM) a annoncé la restauration de l'électricité sur son site de Jesup, en Géorgie, et le redémarrage de ses opérations de la ligne A. La ligne A, qui produit des spécialités de cellulose pour la filtration, l'alimentation, les produits pharmaceutiques et les cordons de pneus, fonctionne actuellement à 80 % de sa capacité et devrait atteindre sa capacité maximale d'ici une semaine.
La ligne B de l'entreprise est toujours en réparation et devrait redémarrer autour du 28 octobre. RYAM évalue actuellement l'impact financier de l'incident et la possible récupération d'assurance. Des informations financières plus détaillées seront fournies lors de la conférence téléphonique sur les résultats du troisième trimestre au début novembre.
Rayonier Advanced Materials Inc. (NYSE: RYAM) hat die Wiederherstellung der Stromversorgung an seinem Standort in Jesup, Georgia, sowie den Neustart der A-Linie bekannt gegeben. Die A-Linie, die Cellulose-Spezialprodukte für Filtration, Lebensmittel, Pharmazeutika und Reifencord produziert, arbeitet derzeit mit einer Auslastung von 80% und soll innerhalb einer Woche die volle Kapazität erreichen.
Die B-Linie des Unternehmens wird weiterhin repariert und wird voraussichtlich rund um den 28. Oktober wieder in Betrieb genommen. RYAM bewertet derzeit die finanziellen Auswirkungen des Vorfalls sowie mögliche Versicherungsansprüche. Detailliertere Finanzinformationen werden während der Telefonkonferenz zu den Ergebnissen des dritten Quartals Anfang November bereitgestellt.
- A Line operations restarted ahead of schedule
- A Line already operating at 80% capacity
- Full capacity for A Line expected within a week
- B Line restart anticipated around October 28th
- Ongoing repair work required for B Line
- Financial cost of the incident still being assessed
Insights
The restart of RYAM's Jesup A Line ahead of schedule is a positive development for the company's production capabilities. Operating at
However, the ongoing repair work on the B Line, with an expected restart around October 28th, implies some continued production constraints. The financial impact remains uncertain, pending the company's assessment of costs and potential insurance recovery. Investors should watch for the detailed financial update during the upcoming Q3 earnings call for a clearer picture of the incident's impact on RYAM's bottom line and near-term outlook.
The Company continues to assess the financial cost of the incident along with any potential insurance recovery. Further financial updates will be provided during its third-quarter earnings call in early November.
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
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
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Media: Ryan Houck, 904-357-9134
Investors: Mickey Walsh, 904-357-9162
Source: Rayonier Advanced Materials Inc.
FAQ
What is the current operational status of RYAM's Jesup, Georgia site?
When is RYAM's B Line expected to restart operations?
What products does RYAM's A Line produce?
When will RYAM provide further financial updates regarding the incident?
