Rayonier Advanced Materials Announces Price Increases on Cellulose Specialties Products
October 10 2019 - 8:00AM
Business Wire
Rayonier Advanced Materials Inc., a global leader in the
production and sale of High Purity Cellulose, will increase prices
of its high-alpha and high-viscosity Cellulose Specialties products
(including acetate, ethers, micro-crystalline cellulose,
nitrocellulose and other grades) by 6%, effective immediately, or
as contracts allow. These price changes are necessary to partially
offset ongoing inflationary pressures and sustain investment in its
best-in-class, capital-intensive manufacturing capabilities to
ensure its ability to continue to support its customers’ needs for
high-quality products.
About Rayonier Advanced Materials
Rayonier Advanced Materials is a global leader of
cellulose-based technologies, including high purity cellulose
specialties, a natural polymer commonly found in cell phones,
computer screens, filters and pharmaceuticals. The Company also
manufactures products for lumber, paper and packaging markets. With
manufacturing operations in the U.S., Canada and France, Rayonier
Advanced Materials employs approximately 4,200 people and generated
approximately $2.1 billion of revenues in 2018. More information is
available at www.rayonieram.com.
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’ future 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,” “forecast,”
“anticipate,” “guidance,” and other similar language. However, the
absence of these or similar words or expressions does not mean 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 these expectations will be attained and it is
possible actual results may differ materially from those indicated
by these forward-looking statements due to a variety of risks and
uncertainties. Certain 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 U.S.
Securities and Exchange Commission, including our Annual Report on
Form 10-K, including those described under :Risk Factors” in Item
1A of such document, and Quarterly Reports on Form 10-Q. Rayonier
Advanced Materials assumes no obligation to update these statements
except as is required by law.
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Media Eric Johnson 904-357-9134
Investors Mickey Walsh 904-357-9162
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