RealTime IT News

German Partners To Create B2B Portal

Bayer AG, Infraserv Höchst and Deutsche Telekom are planning to construct an Internet marketplace for the chemical and pharmaceuticals industry.

The marketplace will initially trade in services such as laboratory needs, electrical and engineering materials, and also installation components together with construction material and trade specific services.

The new market place will also be open to other businesses, and is planned to launch by the middle of this year. From the end of 2000, extended functions such as auctions, announcements and financial services are planned.

Infraserv Höchst KG already runs an online store at shop.infraserv.com, which supplies over 60,000 trade specific products, according to company statements. Bayer brings its comprehensive electronic product catalogue of around 120,000 products in total to the site, which will enable ordering from 540 different manufacturers at drastically reduced processing costs.

By the end of the year, the new portal should provide more than double its initial services. Deutsche Telekom will be providing the infrastructure for the project.

Bayer already already has a stake in the market places CheMatch and ChemConnect. The processing costs are expected to drop by 60 to 80 percent through the use of the Internet.