U.S. Silica Announces Price Increases on Cristobalite Products

Rhea-AI Summary

U.S. Silica Holdings (NYSE: SLCA) announced an increase of up to 25% on the prices of most non-contracted whole grain and ground cristobalite products, effective April 1, 2022. This decision affects products manufactured in Millen, GA, Berkeley Springs, WV, and Columbia, SC, commonly used in building materials, foundries, plastics, and coatings. The price hikes are attributed to ongoing inflationary pressures in raw materials, logistics, and maintenance expenses, highlighting the company's response to current market conditions.

Positive

• None.

Negative

• Price increases of up to 25% could impact demand negatively for cristobalite products.
• Inflationary pressures suggest rising costs affecting overall profitability.

KATY, Texas, Feb. 24, 2022 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) said today that a portion of its Industrial and Specialty Products business will increase prices for most of its non-contracted whole grain and ground cristobalite products. These products are produced in its Millen, GA, Berkeley Springs, WV and Columbia, SC facilities and used primarily in building products, foundry, plastics, and paints and coatings.

Price increases will range up to 25 percent, depending on the product and grade. The price increases are effective for shipments starting April 1, 2022.

This increase is driven by ongoing inflationary pressures around raw materials, packaging, logistics and maintenance expenses. 

About U.S. Silica

U.S. Silica Holdings, Inc. is a global performance materials company and is a member of the Russell 2000. The Company is a leading producer of commercial silica used in the oil and gas industry and in a wide range of industrial applications.  Over its 122-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 600 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 24 mines and production facilities and is headquartered in Katy, Texas.

U.S. Silica Holdings, Inc.

Investor Contact
Patricia Gil
Vice President, Investor Relations
281-505-6011
gil@ussilica.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/us-silica-announces-price-increases-on-cristobalite-products-301489887.html

SOURCE U.S. Silica Holdings, Inc.

FAQ

What price increase has U.S. Silica announced for its cristobalite products?

U.S. Silica announced a price increase of up to 25% on most non-contracted whole grain and ground cristobalite products.

When will the price increase for SLCA products take effect?

The price increase for U.S. Silica's cristobalite products will take effect on April 1, 2022.

What factors are driving the price increase for U.S. Silica's products?

The price increase is driven by ongoing inflationary pressures related to raw materials, packaging, logistics, and maintenance expenses.

Which facilities produce the cristobalite products for SLCA?

Cristobalite products are produced in Millen, GA, Berkeley Springs, WV, and Columbia, SC.

What industries use U.S. Silica's cristobalite products?

U.S. Silica's cristobalite products are primarily used in building products, foundries, plastics, and paints and coatings.