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.
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