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FOR IMMEDIATE RELEASE
Price Increase Notice
(Schenectady, NY) February 26, 2008. With the ever evolving global raw material climate, significant changes within the industry are still occurring. Based on the continued escalation of key raw material costs increasing through the first quarter of 2008, we must implement a general price increase. Materials such as phenol, derived from benzene, formaldehyde derived from methanol and isobutane continue to rise sharply. Effective on shipments on or after March 10, 2008 SI Group will be increasing prices on all grades of phenolic resins from 5.5 cents/lb to 9.0 cents/lb depending on product formulation.
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