At a press conference held in Jinjiang City, Fujian Province on May 30, John Dou, Vice president, Head of Commercial Operation China, Business Unit Polyurethanes at Covestro, and Zongyin Ding, Chairman of Silan Group, signed the strategic cooperation agreement. Also, Rongzhou Chen, former Vice Mayor of Quanzhou City Government and Deputy Director General of Industry and Commerce Council of Maritime-Continental Silk Road Cities Alliance, delivered a speech.
Silan’s Ding said, “Our long-term partnership with Covestro has been evolving with innovations in different stages. From logistics management for hazard chemicals, sustainability projects, to the strategic cooperation for digitalization, each innovation has come with profound influences on both sides and the industries.”
Embrace digital transformation to drive industry values
Covestro is delivering on digital transformation strategies across global markets, including China, and working with leading Chinese enterprises like Silan to gear up developing new business models in the chemical industry.
At the press conference, Dou from Covestro said, “Digital innovation, represented by industrial e-commerce platforms, has become a significant trend in business-to-business field. And China, as a global leader in digitalization, has contributed a lot of successful experience in digital transformation to the global chemical industry. By enhancing strategic cooperation with our local partners such as Silan in the digital area, Covestro expects to benefit from digitalization, drive up business value and create growth opportunities for local and global chemical industries.”
‘Three Channels’ to foster digital service platform
The strategic cooperation with Silan will further improve and empower Covestro’s “Three Channels” digital sales service system in China. They refer to three major e-commerce channels: the online platforms of distributor partners, Covestro’s flagship store on 1688.com of Alibaba, and Covestro’s self-operating online direct selling platform Covestro Direct Store. The three online platforms work together to provide efficient, convenient and customized online sales services for customers in various channels. Covestro hopes to offer customers more efficient and better one-stop polymers purchasing experiences in the future, by expanding cooperation with online platforms and seeking deeper insights into innovative interactive service approaches.
With 2019 sales of EUR 12.4 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 17,200 people (calculated as full-time equivalents) at the end of 2019.
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This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.