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Stepan Increases Ownership in Stepan Philippines

1:42 PM MDT | May 9, 2012 | Deepti Ramesh

Stepan (Northfield, IL) says it has increased its controlling interest in Stepan Philippines (Muntinlupa, Philippines) from 89% to 100%. Stepan Philippines operates a surfactant manufacturing plant, south of Manila, which began as a joint venture. Stepan and its now wholly owned subsidiary, Stepan Philippines, are committed to meeting surfactant customer needs in the Philippines as well as Southeast Asia, the company says. The plant’s fabric softener production area was recently expanded to meet growing demand in the region, Stepan...

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