NetComposites

Connecting you to the composites industry

Advertisement

FreeMarkets and Owens Corning Announce New Agreement

  • Thursday, 4th January 2001
  • 0 comments
  • Reading time: less than a minute

FreeMarkets, Inc. the leading B2B eMarketplace, and Owens Corning, a world leader in building materials and composites systems, today announced that they have signed a new, two-year agreement. Under the terms of the agreement, which extends through 2002, FreeMarkets will continue to provide Owens Corning with access to its B2B eMarketplace, which Owens Corning will use as a platform for sourcing strategic direct and indirect materials and other goods and services for its operations worldwide. “We are very pleased to be extending our relationship with FreeMarkets,” said Chuck Dana, vice president of global sourcing, Owens Corning. “FreeMarkets is unmatched in its ability to handle and project manage complex direct and indirect material spend and deliver results, and has been integral to our continuing innovation in strategic sourcing. We look forward to continuing to leverage FreeMarkets’ technology and market making expertise to achieve significant savings on materials used in our products and supporting services.” Owens Corning has been using FreeMarkets as part of its strategic sourcing and e-commerce initiatives since 1999. To date, the company has sourced more than $125 million in goods and services through the FreeMarkets(R) B2B eMarketplace, and identified over $9 million in annual savings.


For more information visit:


Share this article


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.