20 October, 20:18
Rayonier Advanced Materials announced that due to an operational upset earlier this month at a major customer, sales volumes in 2017 for its cellulose specialties products are anticipated to be lower than previously expected.
Based on currently available information from the customer, the impact to the Company’s revenue is estimated to be between $15 and $30 million, or approximately 3% of its expected full year revenues.
The Company believes this impact to be limited to the 4Q 2017. This estimate may change as additional information becomes available.
Rayonier Advanced Materials is the leading global supplier of high-purity, cellulose specialties natural polymers for the chemical industry.