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News Breaks
March 17, 2014
08:37 EDTRTKEngaged Capital & Lone Star Value urges Rentech to halt capital raising plans
A group led by Engaged Capital and Lone Star Value Management announced that is has delivered a letter to the board of Rentech that called on the board to immediately halt any capital raising plans or discussions and to schedule a date for the 2014 Annual Meeting at the earliest possible time so shareholders can elect fiduciaries that they trust to provide appropriate leadership at this critical moment in RTK's history. The group expressed its belief that the board and management's poor capital allocation and execution track record warrant no confidence that they can successfully execute on any initiatives.
News For RTK From The Last 14 Days
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November 18, 2015
09:16 EDTRTKRentech sees second phase of Wawa conveyance replacements in 1Q16
Rentech provided an update on its wood pellet production facilities in Ontario, Canada. The Atikokan facility achieved record production of approximately 1,850 metric tons of pellets for the week ended November 14. The plant's design capacity is 110,000 metric tons per year, or 2,115 metric tons per week. The Wawa facility resumed pellet production this past Friday, having been offline to modify the log in-feed system and complete the most critical phase of its conveyer replacements. Wawa has been operating at approximately 30% of design capacity since coming online, and is again shipping pellets to the port of Quebec, for delivery to Drax. The company to complete the second phase of conveyance replacements at Wawa in the first quarter of 2016, with the goal of operating at full capacity in the second half of the 2016.

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