Rayonier Advanced Materials (RYAM) confirmed that an isolated fire occurred at approximately 10:00 p.m. on April 4 in the digester area of its Jesup, Georgia facility during its scheduled annual maintenance outage. The fire was quickly contained and extinguished by the Company’s on-site team with assistance from local first responders. There were no injuries and no off-site impacts. The Company has initiated standard follow-up actions, including a root cause investigation and repair planning. Jesup is resuming operations following the outage, with one production line currently not operating due to the fire. The Company continues to assess operational impacts but does not currently anticipate any material impact to its ability to timely supply customers in line with commitments.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RYAM:
- Rayonier Advanced Materials price target raised to $14 from $9 at RBC Capital
- Rayonier Advanced Materials Sets 2026 Cash and Profitability Push After Tough Year
- Rayonier Advanced Materials Maps Risky Turnaround Path
- Rayonier Advanced Materials reports Q4 EPS (32c) vs (25c) last year
- Rayonier Advanced Materials options imply 8.1% move in share price post-earnings
