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SCHENECTADY, NY – October 1, 2013 – SI Group, a leading global developer and manufacturer of phenolic resins, alkylphenolic resins, alkylated phenols and other chemical intermediates, has increased the global selling prices of its range of phenolic resins used in Adhesives. This increase is necessitated by changes in the markets of the key raw materials used to make Adhesives, sustained cost escalation in these key raw materials, and the need to reach profitability to support reinvestment economics. The increase will be effective on orders to be shipped after October 1, 2013, or as contracts allow.
SI Group remains committed to delivering on its Brand promise, with an emphasis on product performance and security of supply.
About SI Group
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 20 facilities in 10 countries around the world. For more information about SI Group, visit www.siigroup.com.
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