Dow Automotive and the open marketplace: Elemica

Elemica, the leading open marketplace for the chemical industry, was founded in May 2000 as the brainchild of Dow and 21 other chief chemical players including ATOFINA, BASF, Bayer, BP-Amoco, DuPont, Rohm and Haas and Shell. This new e-marketplace went "live" on 01/01/01.

Created to minimize the global chemical industry's supply chain inefficiencies such as excessive resources, redundant inventory positions and underutilized assets employed during the delivery of product, Elemica serves as an integrated, end-to-end system. It enables buyers and sellers to streamline their business process for contract sales and improve negotiation, contract management, order fulfillment and payment. Elemica eliminates unnecessary costs through reduced selling, order processing, freight and inventory costs via automation and optimization achieved by utilizing Enterprise Resource Planning (ERP).

Elemica is an open, inclusive and neutral company, established to assist in the many e-commerce needs of the global chemical industry. This new solution will connect buyers and sellers around the world with a click of the mouse. It's presence in the chemical e-marketplace will offer integrated and linked ERP solutions and services for the contract buying and selling of basic, intermediate, specialty and fine chemicals, as well as a browser-based interface providing the same services.