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Algol Chemicals expands operations to Belarus

April 1, 2010

Algol Chemicals, a leading distibutor of speciality chemicals in Scandinavia and Eastern European markets, has established a subsidiary in Minsk, the capital of Belarus. The company will operate under the name IOOO Algol Chemicals and focus on marketing chemicals primarily to the local paint and coatings industry.

Aleh Ioda, who has been appointed Director at IOOO Algol Chemicals, has already begun preparing and coordinating the operations of the sales office and warehouse facilities of the new company.

According to Fredrik Hansson, Algol Chemicals' Sales and Marketing Director for the CIS countries, expanding operations to Belarus will strengthen the company's coverage of the Eastern Europe markets and also create a unified region geographically. The company already has subsidiaries in several countries that border Belarus: Latvia, Lithuania, Russia and Ukraine. Algol Chemicals, which is specialised in wholesale and distribution of industrial and speciality chemicals, operates in a total of ten countries in Northern and Northeastern Europa.

About Algol Chemicals
Algol Chemicals offers a wide range of chemicals for industry in Finland, Scandinavia, Estonia, Latvia, Lithuania, Russia and Ukraine and has the leading position in the distribution of industrial chemicals in Finland. Algol Chemicals Oy is a direct member of the European Association of Chemical Distributors (FECC). The Algol Group, which also includes Algol Technics and Algol Pharma had net sales of €168M in 2009 (€204M in 2008).

Source: Algol website

Further Information

Visit: http://www.algol.fi

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