August 19, 2017 12:03 PM ET

Construction Materials

Company Overview of U.S. Silica Company, Inc.

Company Overview

U.S. Silica Company, Inc. researches, develops, and supplies industrial silica products and solutions. The company offers products, including oil and gas proppants, aplite, kaolin, hydrous kaolin, and adsorbent, as well as whole grain, ground, fine ground, testing, and recreational silica. Its products are used in oil and gas industry; and industrial and specialty product applications, such as glass, chemical, foundry, building product, filler and extender, recreation, industrial filtration and treatment, and testing and analysis. The company was incorporated in 1968 and is based in Frederick, Maryland with additional offices in Chicago, Illinois; Houston, Texas; and Shanghai, China. It also...

8490 Progress Drive

Suite 300

Frederick, MD 21701

United States

Founded in 1968

Phone:

301-682-0600

Fax:

301-682-0691

Key Executives for U.S. Silica Company, Inc.

Chief Executive Officer and President
Age: 55
Chief Financial Officer and Vice President
Age: 53
Director of Investor Relations and Corporate Communications
Age: 61
Compensation as of Fiscal Year 2017.

U.S. Silica Company, Inc. Key Developments

U.S. Silica to Build $225 Million Frac Sand Mine and Plant in US

U.S. Silica is set to construct a new, frac sand mine and plant in West Texas, US. Estimated to cost $225 million, the facility will have a capacity to produce four million tones per year. The new plant forms part of the company's previously announced plan to add about 8 to 10 million tonnes of new Brownfield and Greenfield capacity to meet surging frac sand demand. The 3,200-acre site, located near the heart of the Delaware and Midland basins, has over 30 years of reserves of fine grade 40/70 and 100 mesh sand with excellent physical properties. Construction will expected to start immediately and initial production is likely to commence in the fourth quarter of 2017.

U.S. Silica Co. Plans to Cut 16 Employees from its Sparta Workforce

U.S. Silica Co. announced it plans to cut 16 employees from its Sparta workforce. The company informed the state of Wisconsin of its intentions in mass layoff notices to the Department of Workforce Development. Low oil prices have reduced demand for the type of sand the companies produce, which is used in drilling operations to prop open fissures in rock to allow crude oil or natural gas to flow.

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