Sustainability: Petrex maintains EcoVadis Platinum

Sustainability: Petrex maintains EcoVadis Platinum

Sustainability is a process we’re happy to be a part of.

Petrex is proud to announce their continued excellent EcoVadis rating. For 2024, the CSR rating provider EcoVadis evaluated our efforts in the area of sustainability based on four key categories: environmental impact, labor, and human rights standards, ethics, and procurement practices. We are pleased to once again receive the platinum medal, which puts us at the forefront of the industry.

We appreciate the close cooperation with suppliers, customers, and partners to be more sustainable.

Any questions, please let us know.

2024 – Year of the Wood Dragon

2024 – Year of the Wood Dragon

Dear business partner,

According to the lunar calendar, 2024 is the year of the wood dragon.

The dragon represents authority, prosperity, and good fortune. Those who were born in the year of the dragon are known for their captivating demeanor, distinct personality, and strong leadership abilities.

Below we would like to share the dates of public holidays in China 2024:

  • International New Year         Jan 1
  • Chinese New Year                 February 10 – 17
  • Qing Ming Festival                Apr 4 – 6
  • Labor Day                              May 1 – 5
  • Dragon Boat Festival           Jun 10
  • Mid-Autumn Festival            Sep 15 – 17
  • National Day                          Oct 1 – 7
Current sea freight situation

Current sea freight situation

Repeated attacks by the Houthis in Yemen on container ships in the Red Sea have caused sea freight rates to skyrocket. A third of the world’s container cargo is shipped via route Egypt’s Suez Canal connects the Red Sea to the Mediterranean and is the fastest route to transport fuel, food and consumer goods from Asia and the Middle East to Europe.

Until early January, more than 180 ships had already been rerouted around the South African Cape of Good Hope to avoid the attacks. This increased travel times by seven to 20 days. Although rates have soared, they are still well below the pandemic-related record of $14,000 per container for shipments from Asia to northern Europe and the Mediterranean.

Happy New Year!

Happy New Year!

We wish our business partners and contacts all the best for 2024!

Days are getting longer now and we hope that the rainy weather in Northern Europe will soon fade away to make room for a colorful spring! Talking about spring, the Chinese “Spring Festival” or “Chinese New Year” is approaching in a few weeks time – on 10 February. According to the Lunar Calendar, 2024 is the year of the wood dragon.The dragon is related to success, intelligence and honour. Wood dragons are full of energy and dream of changing the world.

Below we would like to share the dates of all public holidays in China 2024:

International New Year   Jan 1

Chinese New Year   Feb 10 – 17

Qing Ming Festival   Apr 4 – 6

Labor Day   May 1 – 5

Dragon Boat Festival   Jun 8 – 10

Mid Autumn Festival   Sep 15 – 17

National Day   Oct 1 – 7

Merry Christmas and a good start in 2024!

Merry Christmas and a good start in 2024!

During this season, we take time to reflect upon the good things we have… like the partnership with our business contacts. We hope that the holidays and the coming year will bring happiness and success to all our partners. Thank you very much for your support in 2023.

Together we can reach more

Together we can reach more

Sustainability is dynamic. But it’s most efficient when everyone participates. This is why we are working together with all our partners to walk this path as one.

Next steps

Besides taking part in the EcoVadis rating, we’re currently adapting measures to track and analyze the whole supply chain. Through this, there’s still a lot of potentials to optimize. Especially the critical evaluation of Scope-3-Emissions is a key duty for us. We will particularly focus on our Asian manufacturers who are in close contact. Together we will stay progressive.

We are on our way and we won’t stop!

The future of procurement

The future of procurement

Buying high quality products at a good price – this is the main goal of purchasing. Recently, the supplier moved into focus – not only by increasingly stringent laws such as the Supply Chain Act. The topic of sustainability is therefore becoming more and more present for procurement.

Sustainable procurement

Corporate sustainability and competitive prices? One prejudice here is certainly that sustainability only costs money and is not the main focus for customers. There is also little knowledge about sustainable procurement strategies and processes in education. Even though public interest in the topic has increased, a recent study by the JARO Institute has shown that there is still a low priority in companies.

Possible solutions

Implementing a new procurement policy and strategy can lead to more sustainable procurement. Ecolabels like Ecovadis monitor the corporate social responsibility (CSR) of companies along the supply chain. By sourcing from certified suppliers, the purchaser can make sure that products are sourced from a company that invests in sustainable programs. To ensure that this is possible, the purchasing department must receive the best possible support from the management. All measures should be implemented consequently. The management of Petrex GmbH is fully supporting this mindset.

Meet us at CPhI 2023 in Barcelona!

Meet us at CPhI 2023 in Barcelona!

CPhI Worldwide is the flagship trade show of the international pharmaceutical industry. Companies specialized in pharmaceuticals, biotechnology, diagnostics and other industry related sectors use this yearly event to network and collaborate.

About

This year the exhibition takes place from 24 – 26 October in Barcelona, Spain. 1.800 exhibitors and 45.000 professional visitors from 170 countries are expected to participate.

Meet us

Team Petrex will be there! We’re looking forward to meeting you. Please contact us for setting an appointment.

Additional office space

Additional office space

Having new team members and welcoming guests from all over the world, we have decided to open another office near our headquarter.

Benefits in details

The office is located in the so-called Technologie- und Gründerzentrum Niederrhein in Kempen. This office block offers great conditions for our development. Besides our modern office, we have access to conferences and meeting rooms. An on-site bistro offers tasty snacks for a little break.

Meet us!

Enjoy the pleasant atmosphere and excellent technical infrastructure.

We’re looking forward to welcoming you.

Development of raw material prices

Development of raw material prices

Fluctuations in raw material prices are a challenge for every company. High differences can significantly influence the planning of production and the calculation of sales prices. The first industry forecasts for 2023 have already been made. Also, the company RadarRadar (formerly Tradesparent) has given its assessment.

About RadarRadar

The Dutch provider is an expert in data integration and data harmonization in the raw materials industry. Existing data are collected, checked and thoroughly evaluated for providing specific forecasts.

Results in detail

According to RadarRadar, the market outlook for 2023 is challenging as the market structure and participants change significantly. Geopolitical issues, consolidation of the raw materials industry and integration lead to less transparency and, in turn, more market protection. Strong price volatility is expected to continue in the future and has not yet peaked even with declining market liquidity. The topic of intangible resources are also widening the gap between the material and financial markets and increasing the risk of hedging. As a result, there’s a need for reliable on-demand insights into both material and financial holdings. Companies have to expect evolving regulatory requirements and increasing market uncertainty.