U.S. Silica announces price increases on fine wohle grain silica products U.S. Silica said that its Industrial and Specialty Products business is increasing prices for the majority of its non-contracted fine whole grain silica sand products used primarily in glass melting furnaces and building products, an average of approximately twenty percent. The increases are effective with shipments after May 1st, or as contracts allow. The price increases are being made to support the continued investment the company is making in upgrading its capacity to meet the growing demand for its products and to reflect the tight supply/demand balance in the silica market.
U.S. Silica suspends EBITDA outlook on 'lack of visibility' U.S. Silica said, "Due to the current lack of visibility in our oil and gas business, the Company has decided to suspend guidance of Adjusted EBITDA until such time as we can gain more clarity around our customers' business activity levels and the associated demand for our products. Based on current market conditions, the Company anticipates that its capital expenditures for 2015 will be in a range of $100 million to $120 million."