XOM Materials signs 50th distributor

XOM Materials, the independent industry platform launched by Klöckner & Co, has brought its 50th distributor on board. This marks a fivefold increase in the number of distributors – from ten to 50 companies – within a single year. No fewer than 33 of the 50 distributors who have been signed in Europe and the United States are already selling on the platform. In total, these 50 distributors generate a total of more than €20 billion in sales annually, which are to be partially digitized via the platform.

Gisbert Rühl, CEO of Klöckner & Co SE: “We at Klöckner & Co have been successfully driving the digitalization of the steel industry for over five years. The independent industry platform XOM Materials is a key component in this process. XOM Materials will revolutionize the distribution of steel and metals not only in Europe, but also in the USA. This shows that Germany and Europe still have great potential in the B2B sector. We must not just wait and see, but act.”

Marek Sacha, CEO of XOM Materials: “XOM Materials has achieved impressive growth in the past year. Although we are still at an early stage in our journey, we are on course to become the leading vertical platform for steel, other metals and plastics. We will revolutionize the materials industry of the future with our digital processes.”

XOM Materials has further extended its range to include around 20,000 different products and also offers plastic products to its registered customers, who number around 600 in all. In addition, the XOM Materials platform will be complemented by e-shops and eprocurement solutions in the future. XOM Materials is expanding not only its product portfolio but also its international footprint, having signed ten distributors onto the platform in Spain alone.

In signing its 50th distributor, XOM Materials has reached a major milestone in its still short history. XOM Materials was founded in Berlin in 2017 with the aim of creating a procurement platform for all the products and services associated with the materials industry. March 2018 marked the official market launch of the XOM Materials platform. This was followed by the opening of two additional offices: Parts of sales are based in Duisburg, Germany and the facility in Atlanta, Georgia handles activities on the US market.

Source: Klöckner & Co SE                              Photo: Fotolia