Boston, MA, PaperExchange, Inc., the global e-marketplace and business solutions provider for the pulp and paper industry, today announced that trading activity at its exchange grew 575% in 2000. During the past year, the company’s global exchange experienced significant growth in its total number of transactions and members, as well as the amount of paper posted online.
According to recent company statistics:
Nearly 42,000 tons of paper were traded in 2000, over 22x the amount in 1999.
Over 300 transactions were conducted in 2000, nearly 7x the amount in 1999 – an increase of 575%.
150,000 tons of paper were posted in 2000, a 100% increase over 1999.
The company increased its corporate membership by 140% since December 1999 with 5,500 such members.
In addition, the company implemented several first-in-the-industry upgrades and enhancements to the exchange last year. PaperExchange SM became one of the first business-to-business exchange sites to provide comprehensive translation capabilities, allowing customers to conduct transactions in French, German, Spanish, Italian and European English. Customers were also enabled to transact using all major world currencies and 140 additional grades and sizes of product were made available. Other noteworthy accomplishments include recognition by Forbes, which acknowledged the exchange as one of its “Best of the Web” sites, and InfoWorld, which included it in its list of “90 Sites to Watch.”
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