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Price Increase Notice
SCHENECTADY, NY – January 17, 2011 – SI Group NA announces a price increase of up to $.15/LB on all phenolic resins based on their composition. This increase will be in effect for all shipments on or after February 1, 2011. The price increase is driven by the volatility in the oil feedstock market and the global tightness of raw materials.
SI Group is a family-owned company founded in 1906 and headquartered in Schenectady, New York. A leading global developer and manufacturer of phenolic resins, alkylphenolic resins, alkylated phenols and other chemical intermediates, SI Group operates 19 facilities in 12 countries around the world. For more information about SI Group, visit www.siigroup.com