Media Contact: Joseph Grande
ph: + 1.413.684.2463
SI GROUP ANNOUNCES PRICE INCREASE FOR ITS PHOSPHITE ANTIOXIDANT PRODUCTS
SCHENECTADY, N.Y. – Sept. 30, 2021 – SI Group, a global leader in the innovative technology of performance additives announced today a price increase for all phosphite antioxidant products of up to 50% depending on the product line and region. Brands affected by this price increase include ALKANOX™, WESTON™, ULTRANOX™, and ANOX™ NDB™ blends that contain these product brands. The price increase is effective immediately, or as contracts allow.
Amid major raw material shortages and rising global supply chain costs, the price increase enables SI Group to continue investing in serving its valued customers. “In light of the dynamic market conditions, we’re dedicated to delivering high-quality products backed by security of supply to our customers. This price increase supports our ongoing investment and commitment to the plastics and elastomers markets,” said Chuck Reardon, Vice President Plastics Solutions.
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, pharmaceutical, and industrial resins industries. Headquartered in Schenectady, New York, SI Group’s global manufacturing footprint includes 24 facilities on five continents, serving customers in 90 countries with 2,800 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.
# # #