SI Group Announces Global Energy Surcharge To Offset Rising Costs
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
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