Stepan Unveils $100M Pre-Tax Savings Plan, Closes Fieldsboro Site And Decommissions Select Assets

Key elements of the plan include:

• Optimizing Stepan's global manufacturing footprint through consolidation of volume into more efficient and modern assets within the network to reduce cost and improve productivity.
• Operational efficiency and cost optimization in manufacturing, procurement of materials and services, and through improved processes, planning and execution.
• Organizational effectiveness with clear accountabilities across businesses and functions, and focused resources to aggressively capture market opportunities advancing the Company's growth strategy.