Stepan acquires 100 per cent stake in Stepan Philippines

Stepan acquires 100 per cent stake in Stepan Philippines

6:49 AM, 3rd May 2012
Stepan acquires 100 per cent stake in Stepan Philippines

NORTHFIELD, US: Stepan Company announced that it has increased its controlling interest in Stepan Philippines Inc from 89 per cent to 100 per cent. Stepan Philippines operates a surfactant manufacturing plant, south of Manila, which began as a joint venture between Stepan Company and its wholly owned subsidiary, Stepan Philippines Inc. The plant’s fabric softener production area was recently expanded to meet growing demand in the region.

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