SI Group adds global energy surcharges to offset rising costs

Schenectady, New York – Additives supplier SI Group is implementing an energy surcharge across all global products in response to increasing energy costs, including natural gas, coal power and crude oil. 

Effective 7 Nov and subject to applicable terms and conditions, SI Group will implement varied surcharges by region of manufacture.

Based on the point of manufacture the surcharges include $205/tonne in Americas, India and Asia-Pacific regions. The surcharge for products manufactured in Europe, Middle East and Africa will be €335/tonne.

"In these dynamic times, SI Group continues to work diligently to mitigate and absorb significantly elevated energy costs,” said Joey Gullion, SVP and chief commercial officer at SI Group.

However, he said, it was “necessary” to implement the energy surcharge as the increases have continued.

See also ERJ Rubber Industry Price Watch for analysis and listing of recent industry price-rise announcements.