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U.S. Silica to raise prices up to 9% for most products

Tomi Kilgore

U.S. Silica Holdings Inc. said Wednesday its industrial and specialty products business focused on silica sand will raise prices 2% to 9%. The prices increases, effective Jan. 1, will be for most products including non-contracted silica sand, cool roof granule, aplite and specialty products used in glass, roofing, foundry, paints, coatings, chemicals, recreation, building products and elastomers. The company said the price increases will help offset rising production costs and support investments to upgrade capacity. The stock has tumbled 31% over the past three months, while the Russell 2000 , of which the stock, is a component, has lost 14% and the S&P 500 has shed 6.5%.