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SI Group is a global leader in the innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates.
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Posted: March 25, 2022
Price increase for all products sold into the plastics industry of up to 25% depending on the product line and region
Media Contact: Joseph Grande
ph: + 1.413.684.2463
joe@jgrandecommunications.com
SCHENECTADY, N.Y. – March 25, 2022 – SI Group, a global leader in the innovative technology of performance additives, announced today a price increase for all products sold into the plastics industry of up to 25% depending on the product line and region. The price increase is effective April 1, 2022, or as contracts allow.
The price increase is in response to changing market conditions and is required to ensure SI Group can continue to deliver high-quality additive solutions and security of supply to its customers. “We’re committed to providing our customers with innovative additives for plastics. Although the market is currently facing inflation and rising energy, freight, and transportation costs, we are focused on providing value to our customers. Raising prices on these SI Group products will enable us to deliver on our brand promise,” Chuck Reardon, Vice President Plastics Solutions, commented.
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 three continents, serving customers in 80 countries with 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, sustainability, and extraordinary results. Learn more at www.siigroup.com
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