Business Services Industry
Quick Hits; Omnexus shuts down resin e-marketplace.(Briefs)
B to B, December, 2003
Omnexus shut down its resin e-marketplace on Nov. 28. The decision to close the site was made earlier in the month in a vote taken by members of Omnexus' 14 shareholding companies, representing leading resin suppliers, distributors, compounders and equipment makers. Those companies decided not to fund Omnexus any longer and recommended the discontinuation of its trading platform, Michael Walsh, Omnexus COO, said in a telephone interview with BtoB sister publication Plastics News. "We were in a fully evolving situation, but we didn't achieve the e-commerce adoption to support our marketplace,'' Walsh said. Atlanta-based Omnexus launched in October 2000, backed by Dow Chemical Co., DuPont Co., BASF AG, Bayer AG and Ticona/Celanese AG. Omnexus sold its online content...
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