Brief: RYAM Provides Update On A Fire At Its Jesup Plant

Rayonier Advanced Materials

14/10/2024 13:07

Oct 14 (Reuters) - Rayonier Advanced Materials Inc
 RYAM.N :
    * RYAM PROVIDES UPDATE ON A FIRE AT ITS JESUP PLANT
    * RYAM: ISOLATED FIRE OCCURRED AT ITS JESUP, GEORGIA
FACILITY ON
OCTOBER 11 AT APPROXIMATELY 6 P.M. DURING PLANNED MAINTENANCE
ACTIVITY
    * RAYONIER ADVANCED MATERIALS: FIRE WAS QUICKLY CONTAINED
WITH NO
INJURIES TO EMPLOYEES OR CONTRACTORS AND NO RISK TO SURROUNDING
COMMUNITY
    * RYAM: JESUP PLANT'S C LINE OPERATIONS HAVE RESUMED, A AND
B
LINES WILL REMAIN OFFLINE FOR REPAIRS WITH A TARGET START DATE
WEEK OF OCTOBER 28
    * RAYONIER ADVANCED MATERIALS INC: MAJORITY OF REPAIRS WILL
BE
FOCUSED ON INSTRUMENTATION AND ELECTRICAL CABLING SYSTEMS IN
ISOLATED AREA NEAR FIRE
    * RAYONIER ADVANCED MATERIALS INC:  EBITDA IMPACT CURRENTLY
EXPECTED TO BE $15 TO $20 MILLION FROM FIRE, SUBJECT TO ANY
POTENTIAL INSURANCE RECOVERY

Source text for Eikon:  ID:nBw3t4P8ma 
Further company coverage:  RYAM.N 

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