Södra is pursuing an ambitious initiative for its interior product range and will now launch a totally new flooring concept. "The new concept will tie our product range together and it feels very positive to be offering flooring that is largely derived from the raw materials growing in our members' certified forests, and produced in our own mills with high environmental standards," says Håkan Svensson, President of the Södra Wood business area. The new range includes a variety of solid and parquet wood flooring in oak, pine and ash in a light and natural shade, and pine and oak in a dark shade. The floor tones harmonise with each other and make it possible to create a home with uniform shades and types of wood, even when parquet is laid in one room and solid flooring in another.
Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has suspended its quarterly cash dividend on the Common Stock of the Company citing the need to prioritize its cash flow to repay indebtedness and fund the Company’s capital investments and working capital needs. The Company is focused on managing through the current challenging market conditions that have negatively impacted its operating results.
“The board and management believe this is a prudent decision to optimize financial flexibility in uncertain economic times and is in the best interest of all of the Company’s stakeholders,” said Paul Boynton, President and CEO. “This allows the Company to redeploy approximately $18 million of cash annually to essential operating needs and debt obligations.”