Schenectady, N.Y. – January 21, 2021 – SI Group, a global leader in the innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates announced today a price increase for its portfolio of antioxidants sold into the plastics market of up to 10% depending on the product line and region. The price increase is effective immediately, 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 antioxidant solutions and security of supply to our customers in the plastics industry. “In addition to the sudden escalation of freight costs around the world, we’re facing significant cost increases and reduced availability of certain raw materials for our antioxidants used in plastics,” said Chuck Reardon, Vice President Plastics Solutions.
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, pharmaceutical, and industrial resins industries. Headquartered in Schenectady, New York, SI Group’s global manufacturing footprint includes more than 30 facilities on five continents, serving customers in 90 countries with approximately $2 billion in annual sales and more than 3,000 employees worldwide. SI Group innovates and drives change to create value with a passion for safety, chemistry, and extraordinary results. Learn more at www.siigroup.com.