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Website To Focus On Basic Chemicals Industry

 first Internet chemical marketplace to provide a neutral market where buyers and sellers of all sizes can conduct both large and small transactions.Covalex. com empowers buyers with pricing and product information that helps them make smarter purchasing decisions, said Bob Steel, chairman and CEO. The site exposes suppliers to new customers and reduces the costs and time associated with completing a transaction all directly impacting the bottom line.The sites supply-chain management offering will help companies to better manage costs and inventories by streamlining the evaluation, purchase, tracking, distribution and procurement processes. Accurate, real-time global, national and regional market information will also be available through Covalex.coms information bureau.Conducting business on the Web will be a necessity for those who want to remain competitive in their industries, said Steel. Covalex.com helps companies realize cost savings and operating efficiencies today. Long term, it will help ease industry issues like price volatility and imbalances in supply and demand.

August 2000