JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jun. 10, 2014--
Rayonier (NYSE:RYN) chairman, president and CEO, Paul Boynton, will
provide an update on the planned spin-off of Rayonier’s Performance
Fibers business, to be known as Rayonier Advanced Materials upon
separation. The live webcast will be held on Wednesday, June 11, 2014,
at 7:00 a.m. EDT.
As a foundation for investor meetings over the next two weeks and prior
to the target separation date of June 27, Mr. Boynton will discuss
recent progress on the separation, including the completion of the
Rayonier Advanced Materials management team and board, its capital
structure and planned dividend, and the company’s strategic direction.
Interested parties are invited to listen by logging onto www.rayonier.com
and following the link.
Rayonier is a leading international forest products company with
three core businesses: Forest Resources, Real Estate and Performance
Fibers. The company owns, leases or manages 2.6 million acres of timber
and land in the United States and New Zealand. The company's holdings
include approximately 200,000 acres with residential and commercial
development potential along the Interstate 95 corridor between Savannah,
Ga., and Daytona Beach, Fla. Its Performance Fibers business is one of
the world's leading producers of high-value specialty cellulose fibers,
which are used in products such as filters, pharmaceuticals and LCD
screens. Approximately 50 percent of the company's sales are outside the
U.S. to customers in approximately 20 countries. Rayonier is structured
as a real estate investment trust. More information is available at www.rayonier.com.
Beth Johnson, 904-357-9136