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April 30, 2007 (Schenectady, New York) SI Group, Inc., formerly Schenectady International Inc., has announced a price increase ranging from US $0.06/LB to US $0.12/LB for all grades of phenolic resins on shipments on or after May 14, 2007.
This adjustment is primarily due to the highest benzene price in history which correlates to the highest phenol price ever recorded.
SI Group is the leading innovator in phenolic resin technology for the tire industry. SI Group is a global chemical manufacturer with over 20 operations in 13 countries. For more information visit www.siigroup.com.