Exclusive marketing of formaldehyde from Germany

HELM AG, Hamburg, and Ashland Industries Deutschland GmbH, Düsseldorf, sign marketing agreement

Hamburg - June 13, 2014

HELM AG has just signed a distribution agreement with Ashland Industries Deutschland GmbH. The contractual subject matter is the long-term, exclusive marketing of 25,000 mt of formaldehyde solution per annum. Various qualities are available for selection in order to meet the customers' many and various requirements. The outstanding feature of the formaldehyde solution marketed by HELM is its low formic acid content.

Formaldehyde plays an important part in the production of phenolic resins, adhesives and impregnating resin in the wood material and textile refining industry. Moreover, it is a key feedstock for various chemicals used in the field of plastic production.