SI Group Announces Price Increases
Performance additives and chemicals company SI Group announced earlier this month that it had increased the prices of its rubber and adhesive additives by 25%.
“As a result of significant inflationary pressures impacting the cost of materials, transportation and operations, as well as regional demand increases, we must adjust our product pricing,” said Robert Kaiser, VP Rubber & Adhesive Solutions at SI Group. “Despite ongoing efforts to mitigate the impact of the market conditions on our customers, we must adjust pricing to reflect today’s market reality.”
According to SI Group, the new pricing will ensure ongoing and future investments for the company to deliver proven additive solutions to customers while safeguarding global security of supply.
SI Group adds that its sales representatives will continue to communicate new pricing information with existing customers for all affected products.