SELEMICATM and QUADREMTM connect TO DRIVE VALUE FOR THEIR TRADING PARTNERS

Quadrem and Elemica, through a Hub-to-Hub connection, are connecting the global Chemical and Mining, Minerals and Metals industries

12-Feb-2002

Plano, Texas, and Wayne, Pa. February 11, 2002 - Elemica, the chemical industry-created technology infrastructure provider, and Quadrem, the global eMarketplace for the Mining, Minerals and metals industries, today announced they have signed an agreement to create a hub-to-hub connection. This connection will facilitate more efficient commerce between the mining, minerals and metals companies participating in Quadrem and their chemical suppliers participating in Elemica. The purpose of this hub-to-hub interoperability agreement between Quadrem and Elemica is to facilitate cross industry transactions between members of Elemica and Quadrem. The companies on both sides of the transactions are seeking the most efficient method to place orders, receive confirmations, shipping notification and invoices between the customers and their suppliers. The Quadrem-Elemica connection will support a more efficient process and lead to greater collaboration in supply chain optimization and inventory savings. "Connecting our two successful businesses benefits all participating trading partners," commented Quadrem CEO Mike Efting. "Quadrem is focused on taking the complexity out of the transaction process. This hub-to-hub connection provides an easy and efficient means for our buyers to access the world's leading chemical sellers."

The Quadrem-Elemica hub-to-hub connection will allow members of Quadrem to place orders though Quadrem that are intended for any number of their chemical suppliers, allowing Elemica to route the orders to the correct supplier based on the pre-existing contractual arrangements. "By 'connecting once', chemical companies that have selected Elemica will be able to cost effectively reach the leading companies in the mining, minerals and metals segment through our first hub-to-hub alliance with Quadrem," explained Elemica President and CEO Kent Dolby. "We will continue to strategically drive value-added industry connections for our members and alliance partners." "This agreement is significant for Elemica members and their customers," stated Olivier Spehner, Ciba Global Head of e-Business projects and Elemica member. "This Hub-to-Hub connection will enable Ciba to reach more of our critical customers and further reduce our cost-to-serve, and further strengthen our relationships with them." The global connection will be completed by Q2, 2002, and will be an alliance to facilitate e-Commerce amongst the trading participants within the chemicals and mining, mineral and metals industries.

https://www.chemeurope.com/en/news/8264/selemicatm-and-quadremtm-connect-to-drive-value-for-their-trading-partners.html