Algol´s subsidiary opened a warehouse in Moscow

Algol´s Russian subsidiary A/O ICR-Chemicals has opened a warehouse in Moscow
to render its logistic service more efficient in the local market. The new
warehouse, specialized in industrial chemicals deliveries, is located in
Lytkarino about 12 kilometres from the Moscow ring road. The premises include
about thousand square metres of covered space.

ICR-Chemicals, established in 1997, engages in the distribution of industrial
chemicals. It has sales offices in St Petersburg and Moscow and a warehouse
also in St Petersburg. Local operations are led by Yuri Ivanov.

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