March 18, 2015 – Rentech, Inc. recently announced financial and operating results for the three months and year ended December 31, 2014.
By Andrew Snook
Although Keith Forman, president and CEO of Rentech stated that 2014 was a disappointing year on many fronts, he said one of the company’s main goals going forward is to ramp up production at its pellet plants in Wawa, Ont., and Atikokan, Ont.
“Our goals for this year are clear: to operate our assets safely; to reduce our net losses; ramp up production at the Canadian pellet plants; to develop a backlog of fibre growth opportunities; and manage costs and improve profits at Fulghum Fibres,” Forman said. “We also intend to improve our liquidity, simplify our capital structure, and reduce our overhead costs on a going forward basis.”
Rentech operates wood fibre processing, wood pellet production and nitrogen fertilizer manufacturing businesses throughout North and South America.
To read the entire Q4 and full year report, click here.