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U.S. Silica Announces Price Increases on Cristobalite Products

Published: 2022-02-24 22:15:00 ET

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

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SOURCE U.S. Silica Holdings, Inc.

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.