12 unchanged sentences
Polyester resins, which include liquid and powdered products, are used in CASE applications.
−Removed: Phthalic anhydride is used in polyester resins, alkyd resins, and plasticizers for applications in construction materials and components of automotive, boating, and other consumer products and internally in the Company’s polyols.
+Added: Phthalic anhydride is used in polyester resins, alkyd resins, and plasticizers for applications in construction materials and components of automotive, boating, and other consumer products and internally in the production of polyols.
Specialty Products are chemicals used in food, flavoring, nutritional supplement and pharmaceutical applications.
11 unchanged sentences
The plants operate on fuel oil during these periods of interruption.
−Removed: In January 2020, the Company’s Millsdale, Illinois facility suffered a power outage that caused a temporary shutdown of the plant and further related operational issues.
−Removed: All production lines were fully operational prior to the end of the first quarter 2020.
+Added: In January 2020 and January 2022, the Company’s Millsdale, Illinois facility suffered power outages that caused temporary shutdowns and further related operational issues.
The Company’s operations have not experienced any other plant shutdowns or adverse effects upon its business in recent years that were caused by a lack of available energy sources, other than temporary service interruptions brought on by mechanical failure or severe weather conditions.
3 unchanged sentences
Compliance with applicable country, state and local regulations regarding the discharge of materials into the environment, or otherwise relating to the protection of the environment, resulted in capital expenditures by the Company of $13.4 million during 2021.
−Removed: These expenditures represented approximately six percent of the Company’s total 2020 capital expenditures.
−Removed: Capitalized environmental expenditures are depreciated and charged on a straight-line basis to pretax earnings over their estimated useful lives, which are typically 10 years.
+Added: These expenditures represented approximately seven percent of the Company’s total 2021 capital expenditures.
+Added: Capitalized environmental expenditures are depreciated and charged on a straight-line basis to pretax earnings over their estimated useful lives, which are typically 10 to 15 years.
Recurring costs associated with the operation and maintenance of facilities for waste treatment and waste disposal and managing environmental compliance in ongoing operations at our manufacturing locations were approximately
16 unchanged sentences
Safety for all employees, our business partners, and the communities in which we operate continues to be a top priority.
−Removed: We have a long-standing focus on safety and responsible chemicals management, as well as a commitment to the environmental, health, safety and security performance initiative of the American Chemistry Council (ACC), a U.S.-based industry association.
−Removed: As part of this focus and commitment, the Company invests in behavior based and task-based safety programs for its global workforce.
+Added: We have a long-standing focus on safety and responsible chemicals management, as well as a commitment to the environmental, health, safety and security performance initiative of the American Chemistry Council (ACC), a U.S.-based chemical industry association.
+Added: As part of this focus and commitment, the Company invests in behavior based and risk-based safety programs for its global workforce.
The goal of these programs is to help establish habits and behaviors that promote safety awareness, thinking, and responsiveness.
−Removed: All Company facilities are ISO 9001:2015 certified, and the Company conforms to the ACC Responsible Care Management System (RCMS)® at its U.S.
+Added: All Company facilities are ISO 9001:2015 certified, and the Company conforms to the ACC Responsible Care Management System at its U.S.
In addition, facilities outside the United States are encouraged to participate in their country-specific Responsible Care® program equivalents.
33 unchanged sentences
He served the Company as President from January 2006 through December 2020.
+Added: On February 17, 2022, the Company announced that Mr.
+Added: Stepan will retire as Chief Executive Officer of the Company on April 25, 2022.
+Added: Stepan will remain in his role as Chairman of the Board of Directors of the Company.
Behrens has served the Company as President and Chief Operating Officer since January 2021.
From September 2014 through December 2020, he served as Vice President and General Manager – Surfactants of the Company.
+Added: On February 17, 2022, the Company announced that Mr.
+Added: Behrens will succeed F.
+Added: Quinn Stepan, Jr.
+Added: as President and Chief Executive Officer of the Company following Mr.
+Added: Stepan’s retirement on April 25, 2022.
Mergner has served the Company as Executive Vice President, Supply Chain since January 2021.
19 unchanged sentences
From January 2018 to June 2019, Mr.
−Removed: Kabbes served as Executive Vice President, Corporate Affairs and Chief Legal Officer of Bunge Limited, an agricultural and food ingredient company.
+Added: Kabbes served as Executive Vice President, Corporate Affairs and Chief Legal Officer of
+Added: Bunge Limited, an agricultural and food ingredient company.
From February 2015 to December 2017, Mr.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.