Stepan Expands in Poland
Stepan Announces Expansion of Poland Polyester Polyol Facility
Jun 02, 2016, 16:05 ET from Stepan Company
NORTHFIELD, Ill., June 2, 2016 /PRNewswire/ — Stepan Company (NYSE: SCL) is pleased to confirm that the expansion of its polyester polyol facility in Brzeg Dolny, Poland will be completed in mid 2016, with the addition of a new reactor. The new asset is required to support Stepan's growth in the Coatings Adhesives Sealants and Elastomers (CASE) business for its European customers.
Stepan Company has also confirmed the completion of the project to relocate its European R&D and Technical Service center to new laboratories in Wroclaw, Poland. The expanded facilities will serve Stepan's business in insulation foams as well as the diverse CASE business. In addition to providing increased space for its growing team of scientists, the expanded facilities include a wide range of test and production equipment to support Stepan's customers with innovation and technical development projects.
Roger Stubbs, Vice President, Polymers Europe said, "The completion of this expansion to our facilities in Poland marks a significant milestone in our growth story within the European polyester polyol industry. Commitment to these plans by Stepan is an endorsement of our growth strategy. Together with manufacturing and technical centers in the Americas and Asia, Stepan is one of the leading suppliers of Polyester Polyols around the world. By utilizing Stepan's expertise in polyester chemistry and by bringing a focus to innovation and technical service, we are committed to further meet the demands of our Global and Regional customers now and in the future. We believe our unique chemistry, processing and consistent quality, combined with our dedicated Technical Service, gives us a truly differentiated position which adds real value to our customers."