Rayonier Advanced Materials Inc Dossier
Qualitative Analysis
Business overview
Rayonier Advanced Materials Inc. (RYAM) is a global leader in cellulose-based technologies, specializing in high-purity cellulose specialties and other bio-based materials derived from renewable wood fiber. The company operates production facilities in the United States, Canada, and France. Its product portfolio is structured across five primary segments: Cellulose Specialties (used in filters, pharmaceuticals, food additives, and electronics), Biomaterials (biofuels, lignosulfonates, and other bio-based chemicals), Cellulose Commodities (absorbent fluff pulp and viscose pulp), Paperboard, and High-Yield Pulp. RYAM's high-purity cellulose products serve as essential raw materials for diverse consumer-oriented applications globally.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Asserting market leadership in Cellulose Specialties by implementing value-based pricing actions, securing an average price increase of 17% to 18% for the majority of its specialties business.
Expected impact: Aims to offset volume declines, drive year-over-year EBITDA improvement, and restore positive free cash flow.
Expanding the portfolio into high-value biomaterials, including second-generation (2G) bioethanol production at Tartas, France, and exploring e-SAF opportunities.
Expected impact: Projected to contribute over $40 million in annual EBITDA from biomaterials by 2027.
Permanently idling high-cost operations, such as the Temiscaming HPC plant, and pursuing the sale of non-core Paperboard and High-Yield Pulp assets.
Expected impact: Reduces exposure to volatile commodity markets, lowers fixed costs, and streamlines the corporate structure.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Collaborating to explore the development of an electro-Sustainable Aviation Fuel (e-SAF) production facility at the Jesup, Georgia site, utilizing biogenic CO2 and green hydrogen.
Terms: Joint feasibility studies underway; final investment decision expected within two years.