NORTHFIELD, Ill., May 24, 2021 /PRNewswire/ -- Stepan Company
is excited to announce that it has opened its new Agricultural
Innovation Center in Barrow County,
Georgia, strategically located near the Company's
manufacturing site in Winder,
Georgia. The Company believes this Innovation Center will
further facilitate collaboration with customers and foster research
and development initiatives in the agricultural industry.
"[The Agricultural Innovation Center] is a testament to our
commitment to safe and sustainable agriculture, our customers'
growth and to farmers worldwide who face increasing challenges that
require new innovations," said Jason
Keiper, Stepan's Chief Technology and Sustainability
Officer.
The LEED-certified Agricultural Innovation Center includes a
greenhouse for live plant testing and research, a training center
for formulation development, a spray chamber for studying driftable
fines, a Class II lab to support biological formulation development
and state-of-the-art laboratories dedicated to liquid and dry
formulation design. The temperate climate in Georgia will enable Stepan to test year-round
and help accelerate the rate at which products are moved to
large-scale production.
Stepan expects the facility to contribute to the development of
the agricultural industry in Barrow
County and the industry at large. Stepan hopes to be a
resource for students and area residents as the new facility is
near the University of Georgia,
Emory University and other academic
institutions with strong agricultural programs. Stepan is a
current partner with Emory University
in its Sustainability and Resilience Collaboratory.
Corporate Profile
Stepan Company is a major manufacturer of specialty and
intermediate chemicals used in a broad range of industries. Stepan
is a leading merchant producer of surfactants, which are the key
ingredients in consumer and industrial cleaning and disinfection
products and in agricultural and oilfield solutions. The Company is
also a leading supplier of polyurethane polyols used in the
expanding thermal insulation market, and CASE (Coatings, Adhesives,
Sealants, and Elastomers) industries.
Headquartered in Northfield,
Illinois, Stepan utilizes a network of modern production
facilities located in North and South
America, Europe and
Asia.
The Company's common stock is traded on the New York Stock
Exchange (NYSE) under the symbol SCL. For more information about
Stepan Company please visit the Company online at
www.stepan.com.
More information about Stepan Agricultural Solutions can be
found on www.stepan.com/agriculture, and further details about
Stepan's Sustainability program can be found on the Sustainability
section of www.stepan.com.
Contact: Luis E. Rojo
847-446-7500
Certain information in this news release consists of
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements
include statements about Stepan Company's plans, objectives,
strategies, financial performance and outlook, trends, the amount
and timing of future cash distributions, prospects or future events
and involve known and unknown risks that are difficult to predict.
As a result, Stepan Company's actual financial results,
performance, achievements or prospects may differ materially from
those expressed or implied by these forward-looking statements. In
some cases, you can identify forward-looking statements by the use
of words such as "may," "could," "expect," "intend," "plan,"
"seek," "anticipate," "believe," "estimate," "guidance," "predict,"
"potential," "continue," "likely," "will," "would," "should,"
"illustrative" and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by
Stepan Company and its management based on their knowledge and
understanding of the business and industry, are inherently
uncertain. These statements are not guarantees of future
performance, and stockholders should not place undue reliance on
forward-looking statements.
There are a number of risks, uncertainties and other important
factors, many of which are beyond Stepan Company's control, that
could cause actual results to differ materially from the
forward-looking statements contained in this news release. Such
risks, uncertainties and other important factors include, among
other factors, the risks, uncertainties and factors described in
Stepan Company's Form 10-K, Form 10-Q and Form 8-K reports and
exhibits to those reports, and include (but are not limited to)
risks and uncertainties related to the impact of the COVID-19
pandemic; accidents, unplanned production shutdowns or disruptions
in manufacturing facilities; reduced demand due to customer product
reformulations or new technologies; our inability to successfully
develop or introduce new products; compliance with laws; our
ability to identify suitable acquisition candidates and
successfully complete and integrate acquisitions; global
competition; volatility of raw material and energy costs and
supply; disruptions in transportation or significant changes in
transportation costs; downturns in certain industries and general
economic downturns; international business risks, including
currency exchange rate fluctuations, legal restrictions and taxes;
unfavorable resolution of litigation against us; maintaining and
protecting intellectual property rights; our ability to access
capital markets; global political, military, security or other
instability; costs related to expansion or other capital projects;
interruption or breaches of information technology systems; our
ability to retain executive management and key personnel; and our
debt covenants.
These forward-looking statements are made only as of the date
hereof, and Stepan Company undertakes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events or otherwise.
Stepan Company
Corporate Headquarters
22 West Frontage Road
Northfield, Illinois 60093
Telephone (847) 446-7500
Customer Service: 1-800-457-7673
Technical
Service: 1-800-745-7837
www.stepan.com
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SOURCE Stepan Company