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.
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.
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.
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.
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.
Team Petrex will be there! We’re looking forward to meeting you. Please contact us for setting an appointment.
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.
Enjoy the pleasant atmosphere and excellent technical infrastructure.
We’re looking forward to welcoming you.
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.
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.
Again in 2023, the Young Masters soccer tournament will take place organized by the football club FC St. Hubert. As the region’s largest event for children’s football, we are happy to support the event and the concept “1:0 for children”.
For several years, more than 1,800 primary school students and more than 2,000 visitors have participated in the multiple-day football tournament annually. Sorted by the age groups, the pupils can experience team sports playfully. At the same time, donations are collected for UNICEF.
PETREX JUNIOR CUP
On Saturday, June 17, the Junior Cup for the third school year will take place. We sponsored this day. About 30 teams compete against each other in different rounds. Visitors are welcome from 8.45 AM – 4 PM. We will award the trophy. More information can be found here (German).
Petrex GmbH offers a wide range of high-quality chemicals in its portfolio. That is why we are going to attend the upcoming Chemspec fair.
Chemspec Europe is an annual international fair for fine and specialty chemicals. It will take place from 24 – 25 May in Basel. Around 400 exhibitors and 4,000 visitors from over 60 countries will join and take part in an eclectic conference program.
We’re looking forward to meeting you. Please contact us for setting an appointment.
The chemical industry is one of the largest industries in the world and covers many different sectors. From pesticides to cosmetics, chemicals are an integral part of the market. It’s crucial to consider how further development could take place and what opportunities are open to taking.
Economic benefits of sustainability
Sustainability in the chemical industry is not new but its value has changed. It gained importance and grew much larger in the market economy. Now it is a key topic for investors, customers and regulators. Undisputedly, the chemical industry has an indispensable role to play in conquering existing challenges such as climate change. This turnaround can also be seen in Europe, the second largest producer of chemicals. Many companies have already understood the opportunities that arise from this. In addition to generating financial savings, a sustainable business concept significantly enhances the brand value of the company. This stimulates innovation, attracts investment and strengthens customer loyalty. It also offers an advantage in recruiting professionals.
If sustainability is not respected, this can lead to significant reputational damage. In addition, high fines should be imposed if issues such as occupational safety and environmental impact are not sufficiently implemented.
With growing social enforcement and new regulations, the pressure on companies to choose a sustainable path is increasing. It is therefore advisable to take this issue seriously, even for companies that have so far been closed to this topic. The possible benefits outweigh the effort to be made. We are happy to support our business partner in evaluating sustainable measures.
Concerning the transport of dangerous goods, China has tightened its requirements in recent months. New binding rules or bans on the transport of highly toxic chemicals, as well as new customs regulations, should be explicitly observed.
Regulations for the transport of dangerous goods by road were already adopted in 2018, but these were not binding. The first binding administrative measure for the safety of the carriage of dangerous goods by road came into force on 1 January 2020. This measure, which has a comprehensive scope of regulation, must be applied and includes a list of proven infringements of the rules. With these regulations, China is moving closer and closer to the content of the ADR (Agreement concerning the International Carriage of Dangerous Goods by Road).
Chinese customs legislation
Since the beginning of 2021, a new customs regulation has been passed for the import and export of dangerous goods to China. The General Administration of Customs of the Peoples Republic of China (GACC) is responsible for inspecting imported and exported hazardous chemicals. Special mention should be made of Notice 129, which requires importers and exporters of hazardous chemicals to provide specific data relating to hazardous goods and chemical legislation. Also, declarations of conformity, inspection, and identification reports are needed. The UN specification marking of the packaging is also presented and is therefore required to a certain extent.
Regional transport bans
In addition, regional regulations have been adopted. The Yangtze River Protection Law of the People’s Republic of China came into force on 1 March 2021. It prohibits the transport of highly toxic chemicals through the ports of the Yangtze Basin, including the Waigaoqiao Port Area. It is prohibited to import or export the listed chemicals on this waterway or to use them for transit or transfer. Under Article 90 of the Act, infringements of the rules may result in fines, closures, or revocations of licenses.
Since 31st January 2020, the United Kingdom is no longer a member of the EU. Until today, they are actively working on adapting to former EU regulations. Thus, a substitute for the REACh regulation (UK Reach) was developed. This regulation has recently been revised.
The deadline for registering substances with the Health and Safety Executive (HSE) has been extended. This was decided by the UK Department of Environment, Food and Rural Affairs (Defra). Specifically, the following deadlines now apply:
- 27 October 2026 for substances included on the EU REACH candidate list before UK REACH came into effect; carcinogenic, mutagenic, or toxic for reproduction and manufactured or imported in quantities of 1 tonne/year or more; very toxic to aquatic life and manufactured or imported in quantities of 100 tonnes/year or more; and all substances manufactured or imported in quantities of 1,000 tonnes/year or more
- 27 October 2028 for substances added to the UK REACH candidate list before the 2023 submission deadline, or which are manufactured or imported in quantities of 100 tonnes/year or more
- 27 October 2030 for all substances manufactured or imported in quantities of 1 tonne/year or more *
REACH UK is not as mature as the European model yet. We recommend all companies keep up-to-date with news and updates regularly. The official HSE website is advisable (see here).
Petrex GmbH has several high-quality photoinitiators in its portfolio. They are suitable for use in the coating and color industry. So the upcoming European Coating Show (ECS) in Nürnberg is a “must-event” for us.
About the fair
The ECS is the leading fair in the industry. In 2023, the event occurs from March 28th to 30th. Over 1,000 exhibitors from different countries and numerous visitors will take part in this three-day event.
Team Petrex is looking forward to strengthening its partnership with suppliers and customers, as well as creating new business opportunities. Please contact us if you’re interested in a meeting.