by Petrex GmbH | Jan 15, 2024 | Recent news
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.
by Petrex GmbH | Jan 2, 2024 | Recent news
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
by Petrex GmbH | Dec 18, 2023 | Recent news
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.
by Petrex GmbH | Dec 4, 2023 | Recent news
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!
by Petrex GmbH | Oct 30, 2023 | Recent news
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.
by Petrex GmbH | Oct 16, 2023 | Recent news, Trade shows
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.
by Petrex GmbH | Aug 24, 2023 | Recent news
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.
by Petrex GmbH | Jun 19, 2023 | Recent news
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.
by Petrex GmbH | May 30, 2023 | Recent news
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”.
History
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).
by Petrex GmbH | May 17, 2023 | Recent news
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.
About
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.
Meet us
We’re looking forward to meeting you. Please contact us for setting an appointment.
