SI GROUP ANNOUNCES GLOBAL RUBBER AND ADHESIVE ADDITIVES PRICE INCREASE
SCHENECTADY, NY – Nov. 15, 2021 – SI Group, a leading performance additives company, announced today a price increase for its rubber and adhesive additives. Pricing for impacted products will increase by up to 25%, effective immediately or as contracts allow.
“As a result of significant inflationary pressures impacting the cost of materials, transportation and operations, as well as regional demand increases, we must adjust our product pricing,” said Robert Kaiser, VP Rubber & Adhesive Solutions at SI Group, adding, “Despite ongoing efforts to mitigate the impact of the market conditions on our customers, we must adjust pricing to reflect today’s market reality”. The new pricing will ensure ongoing and future investments for SI Group to deliver proven additive solutions to customers while safeguarding global security of supply.
SI Group’s sales representatives will communicate new pricing information with existing customers for all affected products.
About SI Group
SI Group is a global leader in the innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates. SI Group solutions are essential to enhancing the quality and performance of countless industrial and consumer goods within the plastics, rubber & adhesives, fuels & lubricants, oilfield, and pharmaceutical industries. SI Group’s global manufacturing footprint includes 21 facilities on four continents, serving customers in 90 countries with approximately 2,300 employees worldwide. In 2021, SI Group received a gold award for corporate social responsibility by EcoVadis and is ranked among the top five percent of more than 50,000 worldwide companies. SI Group innovates and drives change to create value with a passion for safety, chemistry, and extraordinary results. Learn more at www.siigroup.com
Reference: Business Line