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In the Press

Polymer site is industry's toast MID-DAY, 5 April 2001

In a five year scenario for B2B net marketplaces, Forrester Research projects online trade in petrochemicals - which includes most plastics industry activity (excluding industrial equipments and supplies) - to hit nearly $300 billion in 2004. That trails only the computing and electronics sector and motor vehicles among the industry sectors it assessed. In five years time, Forrester sees 17 percent of all petrochemicals trade occurring online.

Sajjid Mitha's polymerupdate.com, India's first polymer-related website has its eyes set on a large slice of that with regard to the Indian market. The site originally launched in November more out of an effort to help fellow polymer traders and plastics processors with news, research, and information on the Industry, is now targeting an entry into Electronic Commerce by creating a market place which will allow online trading of plastic resins and compounds.
Polymerupdate.com expects resin manufacturers, distributors, brokers, compounders and processors to use the marketplace, it also expects OEM, who buy from plastics processors, to use the Internet exchange to source new vendors.