WAYNE, Pa., Feb. 13, 2018 (GLOBE NEWSWIRE) -- Elemica, the leading Business Network for the chemical and process industries, announces significant network expansion in 2017, both in network traffic and participants from the chemical industry sector. This impressive growth includes an additional two million network transactions, close to 10,000 supply chain trading partners, and more than a million network transactions daily.
Elemica attributes its growth to an increased focus around the digital transformation of supply chains across the Chemical Industry Market. "Elemica's clients benefit from the well proven technology and industry focused solutions, that enable our Process Industry clients to digitize their entire global supply chains," said John Blyzinskyj, CEO of Elemica. "The digital integration we provide enables B2B process automation, leading to reduced operating costs, and supporting our clients' revenue growth. Our customers' Business Transformation Objectives can then be achieved, allowing them to anticipate in real-time, risks to their entire supply chain."
In 2017, Elemica introduced new products, a significant partnership, and received leadership awards.
Additionally, the executive team brought on new leadership during the year to support record software revenue and earnings growth and further expansion in 2018:
Elemica understands that connecting all trading partners and customers to share information up and down the supply chain drives shareholder value and improves working capital. The transformation to a digital supply chain allows all partners to see across the network to conduct business and collaborate to trace the movement of materials and shipments, identify potential failures and resolve risk.
Elemica is the leading Business Network for the process industries. Elemica transforms supply chains by replacing manual and complex approaches with efficient and reliable ones. Launched in 2000, customers like BASF, BP, Continental, The Dow Chemical Company, DuPont, The Goodyear Tire & Rubber Company, LANXESS, Michelin, Shell, Solvay, Sumitomo Chemical, Wacker and more process nearly $400B in commerce value annually on the network. Elemica drives bottom line results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between trading partners. For more information, visit www.elemica.com.
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