SCHENECTADY, NY – July 19, 2016 – SI Group, a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions, has announced today the appointment of Nortex, a well-established distributor with decades of experience marketing SI Group products, as the lead distributor of SI Group rubber resins in the CIS region (Commonwealth of Independent States).

This move follows SI Group’s earlier decision to end its participation in LLC URALCHIMPLAST – SI GROUP, a Russian-based joint venture company that was established to distribute friction, abrasives, and rubber resin products in Russia, Ukraine, Belarus, and other CIS countries. In light of developments that were not foreseen at the time the joint venture was established, including new regulatory challenges affecting all U.S. companies operating in Russia, SI Group and its former joint venture partner agreed that SI Group would transfer its interest in the joint venture company to its partner. Therefore, SI Group and UCP will return to marketing and distributing their respective products in the CIS region separately, with SI Group continuing to offer rubber resin products through Nortex distribution. This change is effective July 27, 2016.

About Nortex

Nortex is one of the market leaders in the distribution of chemical products in Russia and CIS countries. Nortex has concentrated their activities in the import of chemical raw materials from leading European and Asian manufacturers. The company is rated by ICIS as one of the fifty leading European distributors of chemistry. Nortex are distributors in Russia and CIS countries, with more than seventy foreign manufacturers, including worldwide companies such as: COVESTRO, ARLANXEO, LANXESS, TIB Chemicals, RHEIN CHEMIE, SI GROUP, SIBELCO, GRACE, PERSTORP, VESTOLIT, EXXON MOBIL Chemical, NUPLEX, SAINT GOBAIN, OWENS CORNING,LG CHEM, Korea PTG, WEIFANG YAXING, JAYANT Agro-Organics. For more information, visit http://www.nortex-chem.ru/.

About SI Group

SI Group is a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions that are critical to the quality and performance of countless industrial and consumer goods. Founded in 1906 and headquartered in Schenectady, New York, SI Group is a family-owned company with over 2,700 employees worldwide. SI Group operates 20 manufacturing facilities on five continents with $1.6 billion in annual sales. In 2016, SI Group received a silver award for corporate social responsibility by EcoVadis, and is ranked among the top 13 percent of more than 25,000 worldwide companies. SI Group is The Substance Inside. For more information, visit www.siigroup.com.

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