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Carbo Ceramics to shut Georgia proppant facility

Mar. 10, 2015 8:05 AM ETCARBO Ceramics Inc. (CRRTQ) StockBy: Carl Surran, SA News Editor
  • Carbo Ceramics (CRR) says it is mothballing its proppant manufacturing facility in McIntyre, Ga., citing a lack of demand for ceramic proppant.
  • CRR says the move was in direct response to depressed crude oil prices and the resulting negative impact on industry activity levels.
  • CRR says it also will continue to manage the collective output of its other proppant facilities, and slow or idle production as necessary.

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