PR92685

SCHENECTADY, N.Y., Oct. 29, 2021 /PRNewswire=KYODO JBN/ --

-- Company's action plan addresses global energy challenges

SI Group (https://c212.net/c/link/?t=0&l=en&o=3339685-1&h=2251366994&u=http%3A%2F%2Fwww.siigroup.com%2F&a=SI+Group),

a leading performance additives company, announced today an energy surcharge

applied to global products in response to increasing energy costs, including

natural gas, coal power and crude oil. SI Group will implement varied

surcharges by region of manufacture, effective Sunday, November 7, 2021,

subject to applicable terms and conditions. The amount is based on the point of

manufacture of the product, as follows:

Logo - https://mma.prnewswire.com/media/95496/si_group__inc__logo.jpg

    Americas    $205/T

    India           $205/T

    APAC          $205/T

    EMEA         EUR 335/T

"In these dynamic times, SI Group continues to work diligently to mitigate and

absorb significantly elevated energy costs. As the increases have continued,

however, it is necessary to implement an energy surcharge as we maintain our

commitment to provide market-leading products and services to our valued

customers," said Joey Gullion, Sr. Vice President and Chief Commercial Officer

at SI Group. He added, "We are partnering closely with our global customers to

communicate timely regarding our action plans and provide visibility towards

incremental increases."  

SI Group will continue to monitor market conditions and communicate regularly

with valued customer partners. Impacted customers will be contacted directly by

their SI Group Account Manager.

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, and pharmaceutical

industries. Headquartered in Schenectady, New York, SI Group's global

manufacturing footprint includes 21 facilities on four continents, serving

customers in 90 countries with approximately 2,300 employees worldwide. In

2021, SI Group received a gold award for corporate social responsibility by

EcoVadis and is ranked among the top five percent of more than 50,000 worldwide

companies. SI Group innovates and drives change to create value with a passion

for safety, chemistry, and extraordinary results. Learn more at

www.siigroup.com.

Media Contact: Joseph Grande

ph: + 1.413.684.2463

joe@jgrandecommunications.com

SOURCE SI Group