SI Group, a high-performance plastic additives company, plans to invest more than $ 50 million in three North American manufacturing facilities to install globally competitive primary antioxidant capacity to expand its offering in this very important and growing market segment.
This investment demonstrates SI Group’s commitment to the expanding US chemical market, with an emphasis on delivering strategically located critical raw materials to key partners in the region. With SI Group’s current extensive antioxidant manufacturing presence in the US and backwards integration, this planned expansion will increase its security of supply by offering a fully integrated portfolio of phenolic antioxidants in the US. Automotive, construction, adhesive and other applications.
Chuck Reardon, Vice President Plastics Solutions, SI Group, said, “This capacity expansion plan is the direct result of our focused efforts to grow and respond to our customers’ needs. The investment will increase the domestic capacity and security of supply for our customers and strengthen the position of the SI Group as a preferred partner. We are pleased to be able to invest in the capabilities of the SI Group and support the success of our customers, as well as providing our local communities with new manufacturing and product capacities and manufacturing jobs. “
The new capacity is scheduled to go online in the second half of 2022. These projects are designed to create jobs in construction in the short term, followed by permanent jobs in manufacturing once construction is complete. Given the projected continued growth in the US polyolefin market, the expansions will allow SI Group to expand its domestic supply to meet growing demand and further strengthen its position as a key partner to its customers.