Elemica Network teams up with Elite International Transportation Inc

Elite is First U.S.-based Freight Forwarder to Join The B2B E-Commerce Global Network for Chemicals

26-May-2003

Elite International transportation Inc., a world-leading logistics provider that offers a complete range of services to chemical and petrochemical companies around the globe, today announced that it is the first U.S.-based freight forwarder to join Elemica's global information network. Elemica's online, independent platform brings together buyers, sellers and service providers in the chemical industry by establishing a single, global network for secure information-sharing within pre-established chemical trading partnerships. Through its participation in the Elemica network, Elite can provide its customers and Elemica's members with streamlined business processes and reduced transaction costs.

Mark Kaifesh, President and CEO of Elite, said, "We are excited to be on the forefront of our industry by joining Elemica. We believe in Elemica's value proposition to chemical companies and, with our participation, Elite can jointly offer Elemica's members the advantage of true ERP connectivity to suppliers. Our strategy has always been to offer technological advantages in the logistics process to our customers through collaboration and data exchange, thus optimizing the overall supply chain."

Participants in the Elemica Network who are also customers of Elite's logistics services will be able to exchange transaction and shipment data electronically with Elite through the Elemica integrated technology infrastructure. This will allow these organizations to leverage a single ERP connection, thus reducing transaction costs and streamlining order-to-delivery logistics processes.

Chuck Gruber, Senior Vice President, Global Supply Chain and Logistics for Elemica stated, "As part of our goal to enable more efficient collaboration between chemical companies and their Logistics Service Providers, we are excited about adding Elite to our network. Our member companies will have new collaboration possibilities by using their Elemica connection to directly access Elite's proven first-class service offering."

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