SCHENECTADY, N.Y.—SI Group, a supplier of performance additives and chemicals, has implemented a global surcharge to allay rising energy costs in the industry relating to natural gas, coal power and crude oil.
The surcharge will take effect Nov. 7 "based on the point of manufacture of the product," and subject to terms and conditions.
"In these dynamic times, SI Group continues to work diligently to mitigate and absorb significantly elevated energy costs," said Joey Gullion, senior vice president and chief commercial officer at SI Group. "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. We are partnering closely with our global customers to communicate timely regarding our action plans and provide visibility towards incremental increases."
The surcharge for the Americas, India and APAC will be $205 per ton; for Europe, Middle East and Africa, $389 per ton.
SI Group said customers will be contacted directly by their SI Group account manager.