Air Products has announced it has recently signed a strategic cooperation agreement with China Petrochemical International (Chongqing) Co., Ltd. and EPEC to propel e-commerce business development on the EPEC.com portal.
Under the agreement, the three parties will build long-term and strategic partnerships through communication and cooperation on procurement, sales, supply chain financial services, international market expansion, and credit system construction.
Built on the concept of ‘Internet + Supply Chain’, EPEC.com is an innovative supply chain to business (SC2B) industrial e-commerce portal fueled by Sinopec’s huge procurement needs. While enabling Sinopec to maximise its supply chain competitiveness, it also provides procurement, sales, financial and integrated services to many other companies, helping them reduce operating costs and reap mutual benefits from procurement management experience and results. The portal went live in April 2015 and officially started commercial operation on the 18th of April 2016. As of this mid-April, more than RMB92.4bn (approximately US$13.4bn) of orders have been executed involving over 33m products from more than 35,000 suppliers.
At the signing ceremony, Air Products’ Industrial Gases China President Saw Choon Seong said, “Air Products is honored to be the first industrial gases supplier and the third multinational company to establish such a strategic partnership with Sinopec and EPEC on e-commerce.”
Seong continued, “Driven by our longstanding commitment to China, we dedicate ourselves to cooperate with our distinguished customers and leading companies here, such as Sinopec, to support the country’s social and economic growth.”
“This project is one of our efforts to support the ‘Internet+’ strategy and accelerate structural transformation of the manufacturing industries under the government’s 13th Five-Year Plan. We can leverage the platform to help boost the ‘Internet Industrial Gases’ initiative and provide even stronger support to the sustainable development of China’s industrial gases industry. We will continuously innovate our sales model to better serve manufacturers in the chemical and other industries with our gas offerings,” Seong added.
In addition to EPEC.com, Air Products is currently leveraging other digital platforms to enhance customer experience including its APDirect portal, WeChat customer portal, and cylinder serialisation for speedy, convenient and safe delivery.