VinylNetwork, The World's First Online Marketplace for Vinyl or PVC Plastics, Goes Live.Business Editors/Technology Writers SINGAPORE--(BUSINESS WIRE)--Oct. 5, 2000 VinylNetwork Provides First Online Resource and Trading Tool for Vinyl Raw Material Suppliers, Processors, Traders and Professionals A new Web site designed to help manufacturers, purchasing agents Noun 1. purchasing agent - an agent who purchases goods or services for another agent - a representative who acts on behalf of other persons or organizations , processors and other professionals learn about, source and trade vinyl or PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. products and services directly over the Internet goes online. VinylNetwork(www.vinylnetwork.com) represents the easiest, most complete way for industry and manufacturers to sell vinyl raw materials to thousands of processors while enabling vinyl plastics vinyl plastics, group of thermoplastics used in molded products, flexible tubing, material for raincoats, and laminated safety glass. Vinyl plastics are polymers and copolymers of vinyl derivatives (i.e., derivatives of ethylene, H2C=CH2), e.g. processors to source for suppliers, providing complete price transparency Price Transparency The accessibility of information on the order flow for a particular stock, allowing knowledge of the quantities of stock being offered and the bids at the various price levels. Also referred to as "market depth. . Buyers and sellers can negotiate based on multiple parameters such as price, payment terms, delivery etc in accordance with their own priorities in real time. The site also includes a growing section on technical, industry news and regulatory issues. Globally, the vinyl industry represents a sixty billion dollars a year industry, serving industries such as building and construction, packaging, appliances, toys and many others. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the founders Daniel Thong and Sumitro Wijaya, the management and advisory members includes some of the leading vinyl processing experts in the world who have combined their experience to provide both online technical assistance as well as an easy to use e-commerce solution for streamlining the selling and purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements . Users of VinylNetwork can browse the latest news in the industry, check pricing trends and also look for technical advice and solution for many sourcing, processing and other related problems. Usage of the site is free and there is no subscription fee for members. In addition, the inherent efficiencies of VinylNetwork also allow users to reduce the cost of procurement by as much as 15%. VinylNetwork's trading engine represents the first step in a strategy to help users to move into the new economy in an old fashioned n. 1. A cocktail consisting of whiskey, bitters, and sugar, garnished with with fruit slices and often a cherry. Noun 1. old fashioned - a cocktail made of whiskey and bitters and sugar with fruit slices business such as vinyl processing. Daniel Thong says, "We believe that by serving only a particular segment of the plastics industry, we can focus on providing a more rewarding trading experience compared with many other plastics market places which are trying to serve the whole universe of plastics. We are planning to introduce value-added services to the site such as a payment solution, a logistics solution and others soon." |
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