ChemConnect and ForestExpress to Link.Business Editors/High-Tech Writers HOUSTON & ATLANTA--(BUSINESS WIRE)--March 10, 2003 Hub-to-Hub connection fosters collaboration between forestry, chemical and related industries; Creates bridge between CIDX CIDX Chemical Industry Data Exchange CIDX Combined Immunodeficiency, X-Linked CIDX Canadain International DX Club and papiNet-based messages ChemConnect, Inc., a leader in helping customers optimize their purchasing and sales processes for feedstocks, chemicals, plastics, and related products, and ForestExpress, the transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. network for the forest products and allied industries, announced today that they will connect to each other's networks, enabling member companies of each hub to exchange electronic business documents without having to establish and maintain costly one-to-one connections. ChemConnect provides its members back-end connectivity to global trading partners in multiple industries. Transactions are based on Chem eStandards(TM), the inventory, forecasting, and collaboration electronic messages developed by the Chemical Industry Data Exchange (CIDX), for the transfer of eXtensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ) documents. Through hub-to-hub connections, ChemConnect supports other XML-based, EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. or flat file documents. ForestExpress supports a variety of formats including EDI, XML, and papiNet, the global electronic standards initiative of the paper and forest products industry, and provides services and solutions including B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business integration, catalog content services, and timber sourcing via an electronic marketplace. For the first time, customers will be able to leverage their ForestExpress and ChemConnect network connections and use their own preferred standard format, whether papiNet or CIDX. The companies anticipate that the hubs will be exchanging documents next quarter, promoting interoperability between existing -- and potential -- trading partners, automating and streamlining key business processes. "ForestExpress and ChemConnect have a natural affinity and this relationship will create tremendous value right out of the gate," said Bob Renner, ForestExpress CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Many of our customers are moving to integrated relationships with their key suppliers; this connection allows that collaboration using an established connection to our network." ChemConnect CEO John Robinson Several notable individuals have been named John Robinson: Politicians
About ForestExpress ForestExpress is an industry supported e-business solutions company providing business-to-business connectivity and catalog content services for the paper and forest products industries, and its allied industries. The company also provides transaction services for the buying and selling of timber, the industry's most important raw material, via the ForestExpress Timber Trading Center. ForestExpress provides solutions that streamline and automate key supply chain transactions between customers and suppliers. ForestExpress was established as a neutral, independent company in 2000, with the support of leading forest products companies including Boise Cascade Corp. (NYSE NYSE See: New York Stock Exchange :BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. ), Georgia-Pacific Corp. (NYSE:GP), International Paper (NYSE:IP), MeadWestvaco Corp. (NYSE:MWV MWV MeadWestVaco Corp (stock symbol) MWV Mineralölwirtschaftsverband eV mWv Mit Wirkung Vom (German: With Effect Of) MWV MovieWorks File (file extension) ), and Weyerhaeuser Co. (NYSE:WY). ForestExpress is headquartered in Atlanta, Ga., and on the Web at www.forestexpress.com. About ChemConnect ChemConnect is a leader in helping customers optimize their purchasing and sales processes for feedstocks, chemicals, plastics, and related products through a unique combination of market information, industry expertise, e-commerce solutions, and an active network of trading partners. More than 9,000 member companies in multiple industries around the world can use ChemConnect's highly efficient tools and services to streamline transactions and lower costs. Visit www.chemconnect.com for more information. |
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