The foundation of our operations and our values
Algol Chemicals Oy offers a wide range of industrial and specialty chemicals, as well as related services, to industrial production processes. The company is part of the family-owned Algol Group.
We provide services to over 3000 industrial companies in Finland, Scandinavia, the Baltics, Ukraine and India. The REACH-registered products of our global partners are supplied to customers from local warehouses or from our own production plants in Turku, Finland, and Kvarntorp, Sweden.
Algol Chemicals has subsidiaries in several countries. Our subsidiaries follow not only common operating procedures but also the legislation of the country in question.
The family-owned Algol Group continues to evolve with a strong commitment to continuity and long-term ownership.
Algol chemicals history
Over 130 years of international trade
Algol Chemicals is part of Algol Group. Algol’s story began in 1894, when German-born entrepreneur Albert Goldbeck-Löwe established an agency business in Helsinki to supply Finnish industry with metals, industrial chemicals and construction materials. In 1899, the founder’s cousin, Ludolf Bargum, joined the company and became a shareholder in 1914. The Bargum family has been an owner of Algol ever since.
Algol Chemicals was established as a separate business company in 2004. Over the years, the company has expanded geographically and diversified its range of products and services. This growth has strengthened the company’s position in international markets.
1894
Albert Goldbeck-Löwe estaqblishes an agency business
The last Romanov ruler of Russia, Nicholas II, became tsar in St. Petersburg in 1894. In the same year, German-born entrepreneur Albert Goldbeck-Löwe turned his attention from St. Petersburg across the Gulf of Finland to the west. The Grand Duchy of Finland had a strong will to industrialise, and the businessman had the bold idea of establishing an agency business in Helsinki. His agency business began supplying Finnish industry with metals, industrial chemicals and building materials. The connection between the early years to the present day still exists, as the modern counterparts of these products continue to form an important part of the product range offered by the Algol Group today. Quality and good relations are also valued highly today, just as they were at the start.
1986
First chemical tank filling at the Turku site
Algol Chemicals serves its customers through several locations in Finland and elsewhere in Northern Europe, as well as in India. Local warehousing, logistics and expertise support efficient and reliable deliveries.
THE 1990s
Internationalisation
Since the 1990s, Algol has expanded its operations internationally. Today, Algol Chemicals operates in nine countries. Our aim is to be a strong local partner for both new and existing suppliers and customers.
- 1992 Estonia
- 1995 Latvia
- 1996 Lithuania
- 1996 Russia – Exit 2022
- 2001 Norway
- 2001 Sweden
- 2003 Denmark
- 2005 Ukraine
- 2010 Belarus – Exit 2025
- 2016 India
1993
First certificate
We received our first certifications in 1993. Our certifications demonstrate our commitment to quality, safety, responsible business practices and continuous improvement.
- 1993 ISO 9000, ISO 9001
- 1997 ISO 14001
- 2016 ISO 45001
- 2023 ISCC+ certification
1999
Growth through acquisitions
The family-owned company has strengthened and expanded its business over the long term through strategic acquisitions. Since 1999, acquisitions in the chemicals sector have brought new expertise, broadened the product portfolio and customer base, and supported continued growth and development.
- 1999 Oy Mercantile AB chemicals business in Finland
- 2001 Björn Fredlund AB
- 2014 Joint Venture OmyaAlgol RUS
- 2015 Amixo AB
- 2016 Dynamic Orbits
- 2025 Buratec
2004
Algol Chemicals becomes a separate Group company
Algol’s sales divisions are established as separate business companies, marking the beginning of Algol Chemicals’ own story.
THE 2010s
Long-term development of safety and sustainability
For us, sustainability means concreate actions and continuous improvement.
- 2014 safety walks are introduced
- 2015 systematic safety reporting
- 2017 Whistleblowing reporting channel
- 2020 SSG Entre introduced at the Kvarntorp site
- 2021 Code of Business Conducts
THE 2020s
Ecovadis
Algol Chemicals completed its first EcoVadis assessment in 2020. In 2026, the company was awarded the internationally recognised EcoVadis Silver rating. Ranking among the top 15% of companies assessed globally reflects the high quality of the company’s sustainability management and its commitment to promoting transparency throughout the value chain.
Our values
At Algol, our values guide how we work, collaborate, and create long-term value together with our partners. They reflect our commitment to responsibility, cooperation, and continuous development in everything we do.
Accountability
We care about the success of our customers and other business partners. We take responsibility for our own actions and for Algol’s future.
Collaboration
We work together, as a team and in relation to all stakeholders, with enthusiasm, respect and commitment.
Development
We believe in continuous improvement, agility and openness to new ideas.
We serve our customers at every stage of the supply chain
Our supply chain covers every stage from sourcing to careful packaging and reliable transportation. We ensure that the products we supply are safe to handle, transport and use. High volumes enable us to provide cost-efficient transportation.
