Covia Corp. to raise prices by up to 20% on July 1

Independence-based Covia Corp., a supplier of minerals and materials for industrial and energy markets, is hiking prices substantially next month.

The company said in a news release issued Monday, June 5, that its industrial segment "will implement a price increase up to 20% for most non-contracted business and more for select products" starting July 1.

Covia said the planned hikes are "necessary to recoup continued rising costs and to sustain the high standards for quality and reliability that our customers value."

It's the second such price increase for Covia in the last eight months.

In October 2022, the company announced the industrial segment would implement a price increase between 5% and 35% for all non-contracted customers, depending on the product and grade. Its rationale at the time was that hikes were "necessary to offset continued rising costs and supply chain dynamics, and to continue to deliver quality, reliability and value for our customers."

Covia supplies minerals and materials for industries including glass, ceramics, coatings, metals, foundry, polymers, construction, water filtration, sports and recreation, and oil and gas.