Demand for performance fibres drives growth at Rayonier
Higher demand and prices within its performance fibres division boosted first quarter revenues at Rayonier. Net income was $35.1 million compared with $23.2 million in the first quarter of 2006 and sales totalled $300 million, $23 million above first quarter 2006 sales.
In the Performance Fibre sector, sales of $166 million increased $20 million compared with the corresponding period in 2006, largely as a result of higher prices for both cellulose specialties and absorbent materials.