JACKSONVILLE, FL, March 17, 2016 (Business Wire) -Rayonier Advanced Materials Inc. announced today that the Company amended its existing agreement with Daicel Corporation, its third largest customer, and extended the term of the agreement through calendar year 2018.
"For 65 years, Daicel has been a valued partner and we are pleased to have extended our contract for another two years,” stated Paul Boynton, Chairman, President and CEO of Rayonier Advanced Materials. “We appreciate the trust Daicel places in our product quality, technical support and reliability of supply. The entire Rayonier Advanced Materials team thanks Daicel for the opportunity to continue our long-standing relationship."
About Rayonier Advanced Materials
Rayonier Advanced Materials is the leading global supplier of high-purity, cellulose specialties natural polymers for the chemical industry. Working closely with its customers, the Company engineers natural polymeric chemical chains to create dozens of customized high-purity performance fibers at its plants in Florida and Georgia. Rayonier Advanced Materials' intellectual property and manufacturing processes have been developed over 85 years, resulting in unique properties and very high quality and consistency. Upon completion of the previously announced strategic realignment of assets in Jesup, the Company's facilities will have the capacity to produce approximately 485,000 tons of cellulose specialties for use in a wide range of industrial and consumer products such as filters, cosmetics and pharmaceuticals and approximately 245,000 tons of commodity products. Rayonier Advanced Materials is consistently ranked among the nation’s top 50 exporters and delivers products to 79 ports around the world, serving customers in 20 countries across five continents.