Rayonier Advanced Materials Inc. sees opportunity in competitor's closure

The Georgia-Pacific plant closure in Perry reduces market capacity.

  • By Mark Basch
  • | 12:05 a.m. October 19, 2023
  • | 0 Free Articles Remaining!
Georgia-Pacific announced in September it is closing the Foley Cellulose mill in Perry, resulting in the loss of 525 jobs. A University of Florida report says the impact will be bigger, with 2,000 jobs lost.
Georgia-Pacific announced in September it is closing the Foley Cellulose mill in Perry, resulting in the loss of 525 jobs. A University of Florida report says the impact will be bigger, with 2,000 jobs lost.
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Rayonier Advanced Materials Inc., or RYAM, held an investor day Oct. 10 at the New York Stock Exchange to highlight its operations.

However, a recent action by a competitor was the “top-of-mind issue” for the Jacksonville-based company, according to CEO De Lyle Bloomquist.

Atlanta-based Georgia-Pacific announced Sept. 18 it is closing its cellulose products mill in Perry, near Tallahassee.

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