In response to the COVID-19 outbreak and its impact on certain business markets, Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM, Financial) announced curtailed production at seven Canadian locations. Starting this week, the Company will cease or reduce operations at all softwood sawmills located in Ontario and Quebec as well as halt production at the Company’s newsprint plant in Kapuskasing, Ontario. These curtailments will last at least two weeks and may be extended longer depending on market conditions. Existing sales orders will continue to be fulfilled from current inventory and reduced production at the Kapuskasing sawmill.
Rayonier Advanced Materials Announces Lumber and Newsprint Downtime in Response to COVID-19 Market Demand Impact; Other Facilities to Operate Normally
Mar 25, 2020
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