Rayonier Advanced Materials says resumes operations at Florida facility
Rayonier Advanced Materials provided an update about operations following Hurricane Matthew, which affected the entire US Southeastern coast, passing near the company's Fernandina Beach, Fla. facility. The facility was in the process of completing its scheduled maintenance outage ahead of plan and was safely evacuated on October 6 in advance of the storm. Yesterday, company operations management confirmed the facility was not affected by the storm except some minor issues. The startup process began immediately, consistent with the original maintenance outage schedule. The company's Jesup, Ga. facility continued to operate safely throughout the storm. The company does not anticipate the storm to have an impact on its financial outlook and expects limited customer disruption. A full update on third quarter earnings and operations will be provided on the next earnings call on November 1.