Telko in brief
Telko is a leading distributor and solution provider of plastics, chemicals and lubricant solutions. Telko supports companies in various fields of industry by providing the raw materials needed for designing, producing and manufacturing quality products. Telko supplies leading brands through its wide network of professionals present in 17 countries.
Telko serves over 7 000 customers both internationally and locally through its network of 360 employees and sales to over 30 countries. In 2024 Telko had annual net sales of 253 million euros. Telko is fully owned by Aspo Plc, listed on Nasdaq Helsinki.
Growth didn’t happen overnight, in over 110 years time, Telko Group has grown into a multinational raw material distributor and process expert serving customers internationally.
History and present day
Telko has more than 110 years of experience. The company was established in 1908 under the name “Metalliteollisuuskonttori” (Finnish for metal industry office). Telko's roots are deep in the Finnish industry – the name comes from the historical Suomen Teollisuuskonttori, which was established in 1917 and specialized in the importing of coal and coke.
Present-day Telko was born in 2008 in the fusion of Aspo Chemicals and Kauko-Telko into Aspo, of which Telko is a subsidiary. The new company has since then become one of the leading distributors in selected markets.
History
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1908
The establishment of Metalliteollisuuskonttori by well-known mechanical engineering companies.
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1917
Suomen Teollisuuskonttori is established, importing coal and coke among other products.
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1936
Adoption of the name Telko.
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1937
Good Year car tyre and technical plastics sales begin.
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1965
1960-1970s: Hardware store operations.
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1977
First storage tank in Rauma chemical terminal is established.
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1978
Starckjohan becomes major shareholder in Telko.
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1989
Starckjohann-Telko is listed on the Helsinki stock exchange.
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1994
The chemicals business grows, Aspokem is established.
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1995
Subsidiaries established in Estonia, Latvia and Lithuania.
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2000
Telko's business operations sold to Kaukomarkkinat.
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2001
2000-2004: Subsidiaries established in Russia and Ukraine.
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2008
Aspo acquires Kauko-Telko. Aspo Chem and Telko raw material business merged. The new Telko concentrates on plastics and chemicals.
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2010
Subsidiaries established in China and Belarus.
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2011
RTS (Rauma Terminal Services) is established.
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2012
A subsidiary is established in Kazakhstan and a sales office in the Czech Republic.
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2015
Subsidiary established in Caucasus.
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2018
Telko turns 110 years. Telko Ltd acquires the business of the Danish company Square Oil A/S.
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2019
Telko Ltd acquires the business of the Danish company H H Plastkombi A/S. Subsidiary established in Romania.
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2020
Telko acquires a Swedish company ILS Nordic AB and its subsidiary Autolubes Nordic AB.
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2022
Telko acquires an Estonian Castrol lubricants distribution company Mentum AS.
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2023
Telko exits Russia. Telko acquires a Polish chemicals distribution company Eltrex.
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2024
Telko grows through acquisitions. In 2024 Telko acquires:
- The entire share capital of Swed Handling AB including its subsidiaries Kebelco AB, Kemiverken AB, Swed Handling Transport AB and the associated company CrossChem Sweden AB.
- Telko expands its plastics business to Western Europe through an acquisition of Polyma Kunststoffe GmbH & Co KG in Hamburg, Germany. The acquired company is a distributor of well-known engineering plastics.
- Telko acquires industrial lubricants distribution companies Optimol Tribotechnik SA (BE), Optimol Netherlands BV (NL), Optimol France SAS (FR) and Greenfluid SAS (FR).
Governance
Telko follows the Aspo Plc Code of Conduct. Aspo Plc is listed in OMX Nasdaq Stock Exchange. Other companies in Aspo group are ESL Shipping and Leipurin.
The highest decision making authority is executed by Telko Board of Directors, which is led by CEO of Aspo Plc. Telko’s CEO acts as a chairman of the board in most of the Telko subsidiaries, and other Telko management team members as the members of the boards of subsidiaries.
Whistleblowing
We want to do what is right. Our long-term success is built on making business in a fair and ethical way. This is described in our Code of Conduct. Whistleblowing provides an opportunity to report suspicions of misconduct. You have an important role in raising your concern if suspecting a serious misconduct, that should be prevented or corrected.
You can raise your concern anonymously by using our Reporting channel, managed by a third-party, WhistleB. The service is separate from our IT environment. WhistleB does not track IP addresses or other data that could identify a person sending a message. Messages are encrypted and can only be decrypted by designated individuals. WhistleB cannot decrypt and read messages.
We do not tolerate retaliation against any person who, in good faith, reports suspected misconduct or participates in an investigation to resolve suspected misconduct. Examples of retaliation include demotion, dismissal, denial of promotion, salary reduction and any kind of threatening, bullying or harassment. Any person, regardless of position, who engages in retaliatory behavior will be subject to disciplinary action.
Reporting channel, allowing anonymous messaging and dialogue: report.whistleb.com/en/aspo
The Reporting channel can be reached on any device, including smartphones. We recommend employees to access the channel from a devise not connected to our intranet.
For more information, please see:
- Aspo Group Code of Conduct
- FAQ https://whistleb.com/faq/whistleblower
