Stepan Company has launched Project Catalyst, an operational and efficiency plan aimed at delivering about $100 million in pre-tax savings over the next two years. The company plans to optimize its global manufacturing footprint by consolidating production into more efficient assets, improve efficiency and cost controls across manufacturing and procurement, and strengthen organizational effectiveness through clearer accountabilities and resource focus. As part of the initiative, Stepan intends to close its Fieldsboro, New Jersey site, decommission select assets at its Elwood (Millsdale), Illinois and Stalybridge, UK facilities, and consolidate operations across its existing network, with these actions targeted for completion by mid-2026.

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