Profile: U.S. Silica Holdings Inc (SLCA.N)

SLCA.N on New York Stock Exchange

19.12USD
4 Sep 2015
Change (% chg)

$-0.41 (-2.10%)
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Volume
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U.S. Silica Holdings, Inc. (U.S. Silica), incorporated on November 14, 2008, is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. As of December 31, 2014, the Company operated 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.

The Company sells whole grain commercial silica products in a range of shapes, sizes and purity levels. It sells whole grain silica that has a round shape and high crush strength to be used as frac sand in connection with oil and natural gas recovery, and it has constructed a production facility for resin-coated sand. It also sells whole grain silica products in a range of size distributions, grain shapes and chemical purity levels to the Company’s customers involved in the manufacturing of glass products, including a low-iron whole grain product sold to manufacturers of architectural and solar glass applications. In addition, the Company sells several grades of whole grain round silica to the foundry industry and provides whole grain commercial silica to the building products industry.

The Company’s ground commercial silica products are inherently inert, white and bright. The Company markets its ground silica in sizes ranging from 40 to 250 microns for use in plastics, rubber, polishes, cleansers, paints, glazes, textile fiberglass and precision castings. It also produces and markets ground silica in sizes ranging from 5 to 40 microns for use in paints, specialty coatings, sealants, silicone rubber and epoxies. The Company is a commercial silica producer in the United States that manufactures a 5-micron product. The Company also produces and sells certain other industrial mineral products, such as aplite, calcined kaolin clay and magnesium silicate. Aplite is a mineral used to produce container glass and insulation fiberglass and is a source of alumina that has a low melting point and a low tendency to form defects in glass. Calcined kaolin clay is a mineral used as a functional extender. Calcined kaolin clay is chemically inert, has a high covering power, gives desirable flow properties and reduces the amount of expensive pigments required. It also produces and sells selective adsorbent made from a mixture of silica and magnesium, used in preparative and analytical chromatography.

Oil and Gas Proppants

Commercial silica is used as a proppant by companies involved in oil and natural gas recovery in conventional and unconventional resource plays. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells.

Industrial & Specialty Products

The Industrial & Specialty Products segment consists of over 250 products and materials. These products and materials are used in a variety of industries including, container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products and filtration products.

The Company competes with FMSA Holdings Inc., Unimin Corporation, Hi-Crush Partners LP and Emerge Energy Services LP.

Company Address

U.S. Silica Holdings Inc

8490 Progress Dr Ste 300
FREDERICK   MD   21701-4996
P: +1301.6820600
F: +1301.6820691

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