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Mixed fortunes for Stepan PU units

By Patrick Raleigh, UT On-line news editorNorthfield, Illinois-Stepan Co.’s polyurethane polyols business achieved only “a slight improvement” in third quarter earnings despite an 8-percent increase in volumes. The firm’s PU systems operation, meanwhile, recorded higher earnings on improved volume and product mix, said a 24 Oct Stepan results statement.The urethane businesses are part of Stepan’s Polymers segment, which represented 20 percent of the group’s overall sales of $196.1 million. The turnover figure for the three months to 30 Sept was 1-percent higher than in the same period last year, the group said. “

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