Rayonier Advanced Matls Inc Stock Price, News & Analysis

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.

Rayonier Advanced Materials (NYSE: RYAM) announced a price increase of 15-30% on all Cellulose Specialties products, effective immediately. This decision aims to counteract rising costs across their supply chain, particularly in fiber, chemicals, energy, and freight. CEO Paul Boynton highlighted that significant inflation is impacting operations and is expected to persist into 2022. The company is also pursuing ongoing cost-efficiency initiatives at its facilities to enhance performance and offset these challenges.