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LANXESS Offers New Online Market for Chemical Products

January 24, 2019
Image courtesy of LANXESS
Image courtesy of LANXESS

CheMondis, a new startup founded by LANXESS recently launched, that provides suppliers and end users with a global, online business-to-business platform for selling and buying chemical products, the specialty chemicals firm announced in a release Tuesday.

“Developing new business models is an important element of the LANXESS digitalization initiative. With CheMondis, we have launched a digital marketplace that specifically targets the needs of the chemicals industry,” LANXESS AG Chairman of the Board of Management Matthias Zachert said in a statement. 

Based in Cologne, Germany, CheMondis currently offers about 500 chemical products from a range of suppliers. Prior to the launch, LANXESS collaborated on the platform’s development with several selected customers.

“The result is a highly modern and reliable online marketplace where chemical products can be traded. After only a few weeks, more than 200 companies have already registered,” Sebastian Brenner, managing director of CheMondis GmbH, said in the release. “Here we are combining profound knowledge about the chemicals industry, a startup spirit, and a high level of technological expertise.”

LANXESS said the launch of the startup is linked to the company’s 2017 digitization initiative, which involves the development of new digital business models, technologies, and methods of harnessing Big Data.  

The new platform can be found at chemondis.com

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