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Stepan Company

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Stepan Company - Chemicals & Materials showcase

Year Founded & Workforce

1932

2,250 Employees

Industry

Chemicals & Materials

Services

Global Oilfield Biocides Market
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Stepan Company Employee Contacts

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Stepan Company Overview

Company Headquarters: Illinois, US

Founded: 1932

Workforce: ~2,250

Company Working: Stepan Company (Stepan) is engaged in the manufacturing and sale of specialty and intermediate chemicals. It operates through the segments, namely surfactants, polymers, and specialty products. Surfactants segment offers oilfield biocides along with a wide range of surfactant chemicals such as anionic, cationic, nonionic, and amphoteric surfactants. The polymers segment produces polyester polyols and phthalic anhydride. The specialty products are chemicals used in food, flavoring, nutritional supplement, and pharmaceutical applications.

Strategy

Stepan aims at strengthening its product portfolio through investments in innovation and research and development as well as tapping new opportunities for growth. The company’s around 40% of research and development capital resources are deployed to support strategic innovation programs and partnerships.

Company Snapshot

$1,766M

Revenue

2,250

Employees

1932

Founded

Illinois, US

Headquarters

SWOT Analysis

Strengths

  • Wide geographic presence
  • High focus on R&D
  • Strong relationship with suppliers

Weaknesses

  • No investment in new technology
  • No recent developments in the global market

Opportunities

  • Significant growth of oil & gas industry in Latin America
  • Collaboration and partnerships
  • Investment in product portfolio expansion

Threats

  • Intense competition
  • Reliance on the overseas market

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Key Developments

DateApproachDevelopment
March 2018AcquisitionStepan through its subsidiary acquired a Surfactant Production Facility in Mexico, which was partially a part of BASF’s surfactant business. The facility has a 50,000 metric tons of production capacity, along with warehouse space, office space, and a large laboratory.

Product Offering

  • Stepan Company
    • Global Oilfield Biocides Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Sales rose from USD 1,766 Mn in 2016 to USD 1,994 Mn in 2018.
Stepan Company — By Business Segment
Series (USD Mn)201620172018
Global Sales1,7661,9251,994

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