NEW YORK (TheStreet) -- Shares of Rentech
were gaining 13.2% to $1.36 Thursday after the announcement that D. Hunt Ramsbottom resigned from the positions of CEO and president of the wood fibre company and CEO of Rentech Nitrogen Partners
Rentech Inc. is seeing robust activity in its fiber business, particularly in Canada, CEO Hunt Ramsbottom reported in a Nov. 6 quarterly earnings conference call. The company's Atikokan and Wawa, Ontario, pellet plants are nearly complete.
On Nov. 4, Rentech Inc. announced it has closed on the sale of its alternative energy technologies to Sunshine Kaidi New Energy Group Co. Ltd. for a total of $15.3 million. The transaction was first announced in March.
Rentech Inc. announced Oct. 28 that start-up of the Atikokan wood pellet facility has begun. During the next few weeks, the plant will undergo safety inspections, equipment testing and final commissioning.
By Asean Century:
I'm always on the lookout for activist investors and their latest targets. One company that is being targeted by activist investors is Rentech (NASDAQ:RTK) and its spin-off, Rentech Nitrogen Partners (NYSE:RNF).
Q2 2014 Earnings Call
August 07, 2014 6:00 pm ET
Julie Dawoodjee Cafarella - Vice President of Investor Relations & Communications
D. Hunt Ramsbottom - Chief Executive Officer, President and Executive...
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