U.S. Silica Announces Price Increases on Industrial and Specialty Products

Rhea-AI Summary

U.S. Silica Holdings, Inc. (NYSE: SLCA) will implement price increases of 9% to 20% on most non-contracted silica sand, aplite, limestone, diatomaceous earth, perlite, engineered clays, and non-activated clay products, effective November 1, 2022. This decision aims to offset rising costs in labor, transportation, materials, and manufacturing. U.S. Silica is a leading producer of commercial silica utilized across various industries, with over 600 diversified products and 28 operating facilities.

Positive

• None.

Negative

• Price increases may lead to reduced demand from price-sensitive customers.
• Continued cost increases in labor and materials could pressure future profit margins.

KATY, Texas, Sept. 27, 2022 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that its Industrial and Specialty Products segment will increase prices for most of its non-contracted silica sand, aplite, limestone, diatomaceous earth, perlite, engineered clays and non-activated clay products used primarily in glass, filtration, foundry, paints, coatings, elastomers, roofing, chemicals, recreation, building products and other applications.

Price increases will range from 9% to 20% depending on the product and grade and go into effect for shipments beginning November 1, 2022. 

These price increases are necessary to help offset significant and continuing cost increases in labor, transportation, materials and manufacturing costs.

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 has 28 operating mines and processing 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 

 

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SOURCE U.S. Silica Holdings, Inc.

FAQ

What are the new price increases for U.S. Silica's products?

U.S. Silica will increase prices by 9% to 20% on most of its non-contracted products effective November 1, 2022.

Why is U.S. Silica increasing prices on its products?

The price increases are necessary to offset significant ongoing cost increases in labor, transportation, materials, and manufacturing.

When will the new prices for U.S. Silica take effect?

The new prices will take effect for shipments beginning November 1, 2022.

What types of products are affected by U.S. Silica's price increases?

The price increases will affect silica sand, aplite, limestone, diatomaceous earth, perlite, engineered clays, and non-activated clay products.