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

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Aug 02, 2023, 07:00 ET

KATY, Texas, Aug. 2, 2023 /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 diatomaceous earth and clay aggregate products used primarily in automotive, industrial, chemicals, energy/oil & gas, recreation, and other applications.

Price increases will range from 8% to 30% depending on the product and grade and go into effect for shipments beginning September 1, 2023.

These price increases are necessary to help offset continuing elevated labor, manufacturing and maintenance costs as well as support capital investments to bolster long-term equipment reliability and enable capacity expansions.

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 123-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 27 operating mines and processing facilities and two additional exploration stage properties across the United States and is headquartered in Katy, Texas.

U.S. Silica Holdings, Inc.

Investor Contact
Patricia Gil
Vice President, Investor Relations & Sustainability
281-505-6011
[email protected]

SOURCE U.S. Silica Holdings, Inc.