KATY, Texas, April 19, 2022 /PRNewswire/ -- U.S. Silica Holdings, Inc. /zigman2/quotes/206361964/composite SLCA -8.53% said today that part of its Industrial and Specialty Products business will increase prices for most of its non-contracted diatomaceous earth, perlite and cellulose products used primarily in food and beverage filtration, renewable diesel, catalysts, paints and coatings, plastics and industrial oil.
Price increases will range up to 25 percent, depending on the product and grade. The price increases are effective for shipments starting May 15, 2022.
This increase is driven by ongoing inflationary pressures around raw materials, packaging, labor, 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.
Vice President, Investor Relations
SOURCE U.S. Silica Holdings, Inc.
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