Rayonier becomes 5th Jacksonville company on Fortune 1,000 list

Photo does not have a caption

JACKSONVILLE, Fla. – With $2.1 billion in revenue, Jacksonville-based Rayonier Advanced Materials has made it to an elite list: the Fortune 1,000 list of the largest companies in the world.

Rayonier is ranked 951 on Fortune's list, joining CSX (260), Fidelity National Information Services Inc. (361), Fidelity National Financial Inc. (402) and Landstar System (564) as Northeast Florida companies in the Fortune 1,000. 

While Rayonier may be best known locally for its paper mill in Fernandina Beach, it is the leading global supplier of cellulose specialties, lumber, paper pulp, paper and paperboard products.

The Fernandina plant is the company's oldest, built in 1937. According to the company's website, it employs 300 people, pays $35 million in wages and salaries and pays $2 million in property and sales tax.

Rayonier owns huge tracts of timberland and began getting into real estate development in Florida and elsewhere.

Rayonier Advanced Materials spun off Rayonier Inc. as a separate company in 2014 to handle that business.

Rayonier Inc. recently built its headquarters at the Wildlight development in central Nassau County, where 1,000 homes and supporting commercial property and infrastructure are being developed through its Raydient Places subsidiary.

About the Author: