PolyOne Brings Benefits of eProcurement to Its Customer Base Through Omnexus eMarketplace
January 14, 2002
ATLANTA, Jan. 15 /PRNewswire/ -- PolyOne Corporation, the world's largest
polymer services company, marked the debut of its online presence on the
Omnexus global plastics eMarketplace by conducting its first transaction with
long-standing customer, Ironwood Plastics, Inc., the companies announced
today. The premiere of the PolyOne line brings to more than 20 the number of
plastics manufacturers and distributors choosing Omnexus to facilitate their
Omnexus processed the transaction between PolyOne and Ironwood in an
entirely automated exchange using the eMarketplace's recently enhanced
ordering system. Using customer input to refine its eProcurement system,
Omnexus launched the new system, capable of less than 30-second order
processing, in December 2001.
"PolyOne's debut on Omnexus marks a key milestone toward providing our
customers with additional flexibility and value," said Michael Rademacher,
group vice president, PolyOne Distribution. "Leveraging Omnexus' capabilities
is one more way we can help our customers improve the efficiency of their
order management processes."
Specializing in high-quality custom injection molded products and design,
Ironwood Plastics has enjoyed a long relationship as a customer of PolyOne.
As with many companies repositioning themselves for growth in a changing
business world, Ironwood has placed a strong focus on e-commerce initiatives
in its business plans, and saw immediate opportunities with PolyOne's debut on
"The speed and global reach of Omnexus is enabling Ironwood to realize the
benefits of online procurement much faster and easier than we had anticipated
in our business forecasts," said Kathy Jo Koval, Procurement, Ironwood
Plastics. "We're excited about the immediate and future opportunities Omnexus
offers us, while at the same time enabling us to maintain our existing
relationships with key suppliers like PolyOne."
Companies like Ironwood Plastics benefit from significant time and cost
savings as they communicate directly through Omnexus with PolyOne and other
suppliers. This helps create a single, automated supply chain that minimizes
wasteful ordering errors, and that conveniently functions outside of normal
"Omnexus is obviously pleased with the positive response from companies
like Ironwood, who see the benefits of eProcurement for their businesses,"
said David Jukes, senior vice president for Omnexus. "Our technology has
continued to evolve, based on user feedback. Today, the amount of savings that
can be realized through the use of Omnexus has become so significant that it
now represents a competitive advantage to both processors and their
Omnexus is the global, neutral eMarketplace focused on delivering products
and related services to the plastics industry. Founded and supported by the
plastics industry, Omnexus currently consists of a growing list of more than
20 global suppliers, including ATOFINA, BASF AG, Bayer AG, Biesterfeld,
Clariant, Demag Ergotech, Distrupol, Dow Chemical, DSM, DuPont, Engel, Entec,
Muehlstein, Performance Polymers, PolyOne, Resinex & Ravago, Solvay, Ticona
and Van Dorn Demag.
The Omnexus solution provides a single point of connectivity for plastics
processors and suppliers and is an efficient, cost-effective method of
eProcurement. Omnexus is currently operational in North America and Europe
and will service Asia and the rest of the world by 2002. Global headquarters
for the company are located in Zurich, Switzerland. North American
headquarters are in Atlanta, Ga.
PolyOne Corporation, with revenues of approximately $3 billion, is an
international polymer services company with operations in thermoplastic
compounds, specialty resins, specialty polymer formulations, engineered films,
color and additive systems, elastomer compounding and thermoplastic resin
distribution. Headquartered in Cleveland, Ohio, PolyOne has more than 8,000
employees at manufacturing sites in North America, Europe, Asia and Australia,
and joint ventures in North America, South America, Europe, Asia and
Australia. Information on the Company's products and services can be found at
About Ironwood Plastics, Inc.
Ironwood Plastics, Inc. is a custom injection molder focusing on close-
tolerance products primarily for the automotive, electrical connector and
defense markets. Housing full mold design and build facilities, Ironwood
specializes in insert, reel-to-reel, and traditional molding using both
vertical and horizontal presses ranging from 45 to 250 tons.
Lesli Schwartz, Omnexus
Christopher M. Farage
CONTACT: Lesli Schwartz of Omnexus, +1-678-302-3432, or
firstname.lastname@example.org ; or Christopher M. Farage of PolyOne,
+1-216-589-4085, or email@example.com ; or Jim Allison of AH&M,
+1-413-448-2260, or firstname.lastname@example.org /