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Stepan Expects Fourth-Quarter Loss

8:38 AM MDT | July 30, 2007 | Chemical Week Editorial Staff

Stepan says it expects to post a loss of $5 million-$6 million in the fourth quarter, due mostly to “lower margins combined with unplanned plant operating costs,” says F. Quinn Stepan Jr., president and CEO. Stepan reported a loss of $400,000 in the fourth-quarter of 2005. Earnings were down in both surfactants and polymers, the company says. Stepan says full-year 2006 earnings are expected to be $6 million-$7...

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