RYAM, a leader in high-purity cellulose, has announced that its facility in Jesup, Georgia, has fully resumed operations ahead of schedule following an isolated fire on October 11. All production lines are now operating at full capacity, producing on-grade material.
“We are pleased to report that our Jesup facility is back to full production,” said De Lyle Bloomquist, President and Chief Executive Officer of RYAM. “Our dedicated teams worked tirelessly to restore operations quickly and safely, ensuring we continue to meet the needs of our customers.”
The company is currently assessing the financial impact of the incident, including potential insurance recoveries, and will provide further updates during its third-quarter earnings call scheduled for November 6.
About RYAM
RYAM is a global leader in cellulose-based technologies, specializing in high-purity cellulose, a natural polymer widely used in the production of filters, food, pharmaceuticals, and other industrial applications. RYAM’s specialized assets also produce biofuels, bioelectricity, and other biomaterials, such as bioethanol and tall oils. Additionally, the company manufactures products for the paper and packaging markets. With operations in the U.S., Canada, and France, RYAM generated $1.6 billion in revenue in 2023. For more information, visit www.RYAM.com.
Forward-Looking Statements
This document contains forward-looking statements regarding anticipated financial, business, and operational outcomes, including market conditions and expectations. These statements use words like “may,” “will,” “should,” “expect,” “estimate,” “believe,” “intend,” and “anticipate.” While we believe these expectations are reasonable, they are not guarantees of future performance. Actual results may differ materially due to various risks and uncertainties. Additional factors affecting these results are detailed in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. RYAM assumes no obligation to update these statements except as required by law.
