RRayonier Advanced Materials (RYAM) is a global producer of high-purity cellulose specialties and natural polymers used in products such as pharmaceuticals and LCD screens. It emerged in 2014 when the original Rayonier split into two companies; RYAM took the specialty performance fibers business from that restructure. It turns cellulose into specialty fibers and other natural polymers through processing operations that convert wood pulp into high-purity cellulose derivatives used by manufacturers in various high-tech and healthcare applications. RYAM differentiates itself from competitors by focusing on purified cellulose specialties on a global scale and supplying engineered fiber materials rather than broad forest products. Its goal is to provide consistent, specialized cellulose-based materials that meet the needs of specific industries, enabling products from medicines to display screens.
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Industries
Company Size
501-1,000
Company Stage
IPO
Headquarters
Jacksonville, FL
Founded
1926
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Total Funding
$1B
Above
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Funded Over
5 Rounds
Rayonier Advanced Materials (RYAM) reported a Q3 net loss from continuing operations of $229 million, including $221 million in non-cash impairments, mainly tied to its Temiskaming site. A US tariff on Canadian paperboard led the company to idle the site, which cost $2 million in Q3 and will cost an estimated $2 million to $3 million a month. Its high-purity cellulose segment did better. Adjusted EBITDA rose 30% from the previous quarter to $73 million, with margins at 23%. Group net sales were $383 million, and adjusted EBITDA was $52 million. The Temiskaming situation delayed the strategic review to Q1 2027. Chief executive officer Dan Kraupchak said no outcome has been decided and a sale remains an option. Liquidity stood at $143 million.
Rayonier Advanced Materials reported second-quarter results showing revenue rose 18% sequentially to $376 million, whilst operating losses narrowed to $33 million from $81 million in the prior quarter. The company's High Purity Cellulose segment delivered 21% year-on-year pricing growth in Cellulose Specialties, driven by new supply agreements. However, Cellulose Specialties volumes fell 23% year-on-year as the company shifted production towards commodity cellulose, where volumes jumped 94% despite an 11% price decline. The Paperboard & High Yield Pulp segment posted wider losses, impacted by a $13 million asset impairment and increased US competition. The company ended the quarter with net secured leverage of 4.2 times covenant EBITDA and $145 million total liquidity. Management expects to conclude its strategic review in fourth-quarter 2026.
RYAM to temporarily idle its Témiscaming operations. The Témiscaming plant has annual capacity of 180,000 tonnes of paperboard and 290,000 tonnes of high-yield pulp. Approximately 60,000 tonnes of the pulp capacity are used internally in paperboard manufacturing. Generic image. Published by Rayonier Advanced Materials (RYAM) announces that it plans to temporarily halt operations at its Témiscaming industrial complex in Quebec on Sept. 15 for an undetermined period. The move will impact approximately 400 unionized workers. Contractor, suppliers, transportation companies and forestry businesses will also be affected by broader economic repercussions. The mill closure is a direct result of U.S. tariffs, according to Newsweek. However, the wastewater treatment plant and Boiler No. 4, will continue operating. RYAM has not provided a timetable for restarting production. The decision is a result of the imposition of additional U.S. tariffs of 50% on certain Canadian goods on Aug. 22. According to RYAM, the new duties compounded persistent pulp and paper market pressures, leaving the plant without an economically viable path to continue operating. Témiscaming Mayor Alain Gauthier, who previously worked for the company, told Canadian news outlet CTV News that the tariffs were a "nuclear bomb" for sectors that rely on U.S. markets, and described the situation as an "economic war." Témiscaming Mayor Alain Gauthier told Canadian news outlet CTV News that the tariffs were a "nuclear bomb" for sectors that rely on U.S. markets. The Témiscaming plant has annual capacity of 180,000 tonnes of paperboard and 290,000 tonnes of high-yield pulp. Approximately 60,000 tonnes of the pulp capacity are used internally in paperboard manufacturing.
RYAM, a paperboard manufacturer, is closing its Témiscaming, Quebec facility on 15 September, affecting 425 workers. The company cited unsustainable business conditions caused by US tariffs on Canadian goods. A company spokesperson said the magnitude of the tariffs made operations economically unviable despite adaptation efforts. Témiscaming mayor Alain Gauthier called the tariffs a "nuclear bomb" for sectors relying on US markets. Trade tensions escalated after the Trump administration imposed tariffs of up to 50% on $27.6 billion worth of Canadian goods on 22 August, adding to existing duties on steel, aluminium, and automobiles. Canadian Prime Minister Mark Carney suspended negotiations and announced dollar-for-dollar retaliatory measures.
RYAM announces indefinite closure of Témiscaming, QC, complex. Posted on August 27, 2026 Original Source: Rayonier Advanced Materials (RYAM) informed employees that it intends to indefinitely close its Témiscaming, Quebec, industrial complex on September 15, affecting approximately 450 unionized workers, The North Bay Nugget reported (8-27-26). RYAM attributed the decision to US tariffs imposed on Canadian goods, saying the resulting business environment had made continued operations at the site economically unsustainable. RYAM spokesperson Alexandre Boucher told The Nugget Thursday that the shutdown will affect all site operations except the wastewater treatment plant and Boiler No. 4, which will continue operating. The duration of the shutdown remains undetermined. Boucher said RYAM could reconsider the closure if the tariff situation changes. Boucher said: "This decision is the result of a business environment that has become unsustainable, making continued operations simply no longer economically viable. Despite all the efforts we have made to adapt to this new reality, the magnitude of the tariffs, no longer allows us to operate the site under sustainable conditions." "We fully recognize the impact this decision will have on our employees, their families and the entire Témiscaming community, a single-industry region. We are committed to keeping them informed as the situation evolves and of the efforts we continue to pursue to create the conditions necessary for operations to resume." FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
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Industries
Company Size
501-1,000
Company Stage
IPO
Headquarters
Jacksonville, FL
Founded
1926
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs