SI Group Announces Portfolio-Wide Price Increase
SI Group has announced a price increase across its product portfolio effective Oct. 1, or as contracts allow.
The company cited continuing geopolitical conditions in the Middle East and related volatility affecting refining capacity, raw-material supply, logistics networks and global energy markets.
SI Group said the adjustment is intended to support product quality, supply reliability and continued investment in its operations.
The company did not disclose an overall percentage increase, individual product adjustments or region-specific pricing. Customers are being directed to their SI Group account managers for additional information.
SI Group supplies performance additives, intermediates and other chemistries used in coatings, adhesives, plastics, rubber and related applications.
The adjustment is relevant to coatings manufacturers following raw-material prices, although the absence of public product-level amounts means formulators will need supplier-specific information to determine the effect on individual materials.
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