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0 0 0.00210801043967069 0.00521983537442277 -0.0030114434852439 -0.00913471190523988 0.00441678377835774 -0.0063240313190122
Stock impact report

Stepan (SCL) Launches Project Catalyst to Drive $100M in Cost Savings [Yahoo! Finance]

Stepan Company (SCL) 
Last stepan company earnings: 4/21 06:59 am Check Earnings Report
Company Research Source: Yahoo! Finance
Stepan Company (NYSE: SCL ) is included among the 13 Most Promising Long-Term Stocks to Buy According to Hedge Funds Stepan (SCL) Launches Project Catalyst to Drive $100M in Cost Savings On February 23, Stepan Company (NYSE:SCL) announced Project Catalyst, which is a restructuring and efficiency initiative aimed at generating about $100 million in pre-tax savings over the next two years. The plan focuses on simplifying operations, reducing costs, and improving returns for shareholders. Management said the effort is also meant to position the company for more stable long-term growth. As part of the plan, Stepan will consolidate production into more efficient facilities. The company also intends to improve its manufacturing and procurement processes. Leadership is restructuring parts of the organization to better align resources with growth opportunities. Stepan will close its Fieldsboro, New Jersey, plant due to weak demand for certain surfactant products. It also plans to shu Show less Read more
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