Brief: Stepan Company Announces Efficiency Plan To Support Global Operations Optimization

Stepan

23/02/2026 12:25

Feb 23 (Reuters) - Stepan Co SCL.N:

STEPAN COMPANY ANNOUNCES $100 MILLION PRE-TAX COST OUT AND EFFICIENCY PLAN TO SUPPORT GLOBAL OPERATIONS OPTIMIZATION

STEPAN CO - WILL CLOSE ITS FIELDSBORO, NJ SITE IN RESPONSE TO CONTINUED LOWER DEMAND IN COMMODITY SURFACTANTS USED IN PRODUCTION OF LAUNDRY DETERGENTS

STEPAN CO - TO DECOMMISSION ASSETS AT ELWOOD, IL AND STALYBRIDGE, UK

STEPAN CO - OVER COURSE OF PROJECT, CASH AND NON-CASH IMPACTS PROJECTED TO BE IN RANGE OF $29 TO $44 MILLION AND $58 TO $62 MILLION, RESPECTIVELY

STEPAN CO - ANTICIPATES $70-$80 MILLION RESTRUCTURING CHARGES IN 2026

STEPAN CO - SITE CLOSURES AND ASSET DECOMMISSIONING EXPECTED TO BE COMPLETED BY MID-2026

Source text: ID:nPn9vVYk8a

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