SCHENECTADY, N.Y.—SI Group Inc. is increasing prices for the company's rubber and adhesives additives.
Increases of 15 to 20 percent are effective immediately, or "as contracts allow," the company said.
"As a result of the dynamic rubber and adhesive additives global market conditions, we must adjust our product pricing," Robert Kaiser, vice president of Rubber & Adhesive Solutions, said in a statement. "The new pricing will ensure that we can continue to deliver on our brand promise of providing high quality products with first-rate security of supply to our customers."
SI Group, based in Schenectady, is involved in performance additives, process solutions, active pharmaceutical ingredients and chemical intermediates.