LANXESS, a specialty chemical company, has successfully set up CheMondis, a cross-manufacturer, and cross-dealer B2B platform, for buying and selling chemical products.
Matthias Zachert, Chairman of the Board of Management of LANXESS AG, said, “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.” said.
Sebastian Brenner, Managing Director of CheMondis GmbH, commented, “In the development of CheMondis, we have consistently focused on the needs and wishes of our 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. Here we are combining profound knowledge from the chemicals industry, a startup spirit and a high level of technological expertise.”
CheMondis, headquartered in Cologne, is a wholly owned subsidiary of LANXESS. The company has its own workforce, branding, IT systems. It offers around 500 products from various suppliers.
LANXESS started its company-wide digitalization initiative in 2017 that originated CheMondis. The group has established a standalone group function under the leadership of Chief Digital Officer Jörg Hellwig to develop digital business models, introduce new technologies throughout the value chain, develop and utilize big data, and foster digital expertise among employees.
LANXESS, a leading specialty chemicals company with sales of EUR 9.7 billion in 2017, has its operations in 33 countries and is represented at 59 production sites worldwide. The core business of LANXESS is the development, manufacturing, and marketing of chemical intermediates, additives, specialty chemicals and plastics.