U.S. Silica Announces Price Increases on Industrial and Specialty Products
KATY, Texas, Dec. 3, 2019 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) said today that part of its Industrial and Specialty Products business will increase prices for most of its non-contracted silica sand, aggregate diatomaceous earth and clay products used primarily in foundry, paints, coatings, elastomers, roofing, chemicals, recreation, building products, agricultural, pet litter and other applications.
Price increases will range up to 6 percent, depending on the product and grade. Additionally, prices for whole grain sand used in glass applications will increase by up to 5 percent. The increases for aggregate diatomaceous earth and clay were effective for shipments started Nov. 1, 2019. The increases for silica sand are effective for shipments starting Jan. 1, 2020.
The price increases are being made to support the continued investments the Company is making in upgrading its capacity to meet the growing demand for its products and to offset rising production costs.
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SOURCE U.S. Silica Holdings, Inc.
About U.S. Silica
U.S. Silica Holdings, Inc. is a performance materials company and is a member of the Russell 2000 Index. The Company is a leading producer of commercial silica used in a wide range of industrial applications and in the oil and gas industry. Over its 119-year history, U.S. Silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 1,500 diversified products to customers across our end markets. U.S. Silica's wholly-owned subsidiaries include EP Minerals and SandBox Logistics™. EP Minerals is an industry leader in the production of products derived from diatomaceous earth, perlite, engineered clays, and non-activated clays. SandBox Logistics™ is a state-of-the-art leader in proppant storage, handling and well-site delivery, dedicated to making proppant logistics cleaner, safer and more efficient. The Company currently operates 27 mines and production facilities. The Company is headquartered in Katy, Texas and has offices in Frederick, Maryland, Reno, Nevada and Chicago, Illinois.