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- Date:
10/11/2023
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Rayonier Advanced Materials (NYSE: RYAM) is announcing that in order to optimize inventory levels and address lower-than-anticipated demand, its Témiscaming Paperboard operation and one of its High-Yield Pulp lines will be idled for 3 weeks, beginning on October 7.
Customer orders will not be affected, the company said.
The Témiscaming mill, which is located in Quebec, Canada, produces high-purity cellulose, high-yield pulp, and coated paperboard. Its operations are powered by carbon-neutral hydroelectricity, and a renewable biomass power generation system on-site, which produces renewable energy for the Hydro Quebec grid.
The mill employs around 700 people.
RYAM is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals, and other industrial applications. The Company also manufactures products for paper and packaging markets.
SOURCE: Rayonier Advanced Materials Inc. (RYAM)