Rayonier Advanced Materials Increases Cellulose Specialties Product Prices By 10%
Portfolio Pulse from Benzinga Newsdesk
Rayonier Advanced Materials (RYAM) has announced a 10% price increase for its cellulose specialties products. This move is likely aimed at offsetting rising costs and improving margins.
September 03, 2024 | 8:22 pm
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Rayonier Advanced Materials has increased the prices of its cellulose specialties products by 10%. This price hike is likely intended to counteract rising production costs and enhance profit margins.
The 10% price increase for cellulose specialties products by RYAM is a strategic move to improve profitability amidst rising costs. This is likely to have a positive short-term impact on RYAM's financial performance as it could lead to higher revenues and better margins.
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