Company’s action plan addresses global energy challenges
SCHENECTADY, N.Y. – Oct. 28, 2021 – 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:
“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.