U.S. Silica Raises Prices Of Industrial & Specialty Products
Zacks Investment Research | Dec 04, 2019 10:17PM ET
U.S. Silica Holdings, Inc. (NYSE:SLCA) announced that part of its Industrial and Specialty Products business will hike prices for most of its aggregate diatomaceous earth and clay products, and non-contracted silica sand.
Depending on the grade and product, the price is expected to increase up to 6%. Moreover, whole-grain sand prices used in glass applications are anticipated to increase up to 5%.
Price increases for aggregate diatomaceous earth and clay were effective for shipments starting Nov 1, 2019. Price hike for silica sand is expected to be effective for shipments starting Jan 1, 2020.
The company is hiking prices to support ongoing investments in improving capacity to meet the rising demand for products and offset increasing production costs.
Shares of U.S. Silica have plunged 64.7% in the past year against the Original post
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