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STEPAN FINALIZES SOUTH AMERICAN JOINT VENTURE

 NORTHFIELD, Ill., June 3 /PRNewswire/ -- Stepan Company today (AMEX: SCL) announced the finalization of a joint venture agreement, effective June 1, 1993, with Coldequim (Colombiana de Quimicos) Limitada, located in Cali, Colombia, South America. The new joint venture, STEPAN COLDEQUIM Ltda., will serve the Andean Pact countries of Bolivia, Colombia, Ecuador, Peru and Venezuela with an SO3 anionic sulfonation facility of approximately 30 million pounds, strategically located in Manizales (between Medellin, Bogota and Cali). Both partners in this joint venture have been in business for over 60 years and each maintains a long-standing reputation for quality and service in the industry.
 F. Quinn Stepan, chairman and president, says, This partnership will allow Stepan to significantly increase its presence in the South American market with Coldequim's existing manufacturing facility and customer base, to which Stepan will add its extensive product lines, patents, trademarks, manufacturing process technology, as well as its own established international customer base, for which it has already gained product certification in the United States.''
 This joint venture is part of Stepan's strategic globalization plan. Stepan already has manufacturing facilities located in Canada, Mexico and France and is presently poised to penetrate the Asia/Pacific region.
 Stepan Company, headquartered in Northfield, Ill., is a leading producer of basic and intermediate chemicals used in household, industrial personal care, agricultural and energy-related products. The stock is traded on the American and Midwest Stock Exchanges under the symbols SCL and SCLPR.
 -0- 6/3/93
 /CONTACT: Joan M. Kusher of Stepan, 708-446-7500/
 (SCL)


CO: Stepan Company ST: Illinois IN: CHM SU: JVN

PS -- NY062 -- 4991 06/03/93 12:42 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
Words:269
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