On November 5th, Zhenkunxing Industrial Supermarket (Shanghai) Co., Ltd. (hereinafter referred to as Zhenkunxing) signed a purchase order worth 300 million US dollars with Dow Corporation, becoming the "first day first order" signed at the 6th China International Import and Export Fair.
Chen Long, Chairman and CEO of Zhenkunxing, said, "Zhenkunxing aspires to become an industrial goods industry, with foreign brands entering China and opening up advantageous channels in the Chinese market; becoming the best choice for global trade partners to enter China
Purchasing company Zhenkunxing is a leading industrial goods (MRO) procurement service platform in China, providing one-stop industrial goods procurement and management services for enterprises, and providing full chain digital solutions from procurement, manufacturing to performance for all participants in the industrial value chain, achieving transparency, efficiency, and cost reduction in the industrial goods supply chain.
The products to be purchased in the first order are mainly organic silicon products from Dow Corporation. Based on Zhenkunxing's extensive industrial enterprise customer coverage and digital supply chain services, both parties will jointly expand the downstream markets of related industrial supplies such as electronics, transportation, new energy, packaging, and construction.
Exhibitor Dow Corporation, founded in the United States in 1897, is a leading global materials science company that provides a wide range of technology based differentiated products and solutions for customers in high growth markets such as packaging, infrastructure, transportation, and consumer applications.
In addition to signing the first order, Zhenkunxing has successively reached strategic cooperation with 7 international brand companies, including Schneider, DuPont, Philips, Kach Trading, Molyker, Pasta, and Fluke. Zhenkunxing's cumulative procurement amount on its first day exceeded 4 billion yuan.
The CIIE is an important platform for the global sharing of opportunities in the Chinese market, and an international grand event for openness, sharing, and win-win cooperation. Zhenkunxing mainly engages in industrial supplies such as spare parts, general consumables, administrative supplies, processing and manufacturing, chemicals, etc. Currently, it has 32 advantageous production lines with over 17 million SKUs and a total of over 100000 cooperative customers.
Chen Long said, "The CIIE is an important platform for connecting global enterprises to open up cooperation. Zhenkunxing will leverage the CIIE, collaborate with global strategic suppliers, select high-quality brands at home and abroad, and continuously optimize the upstream supply system. We are committed to providing manufacturing enterprise customers with more and more reliable, cost-effective, and high-tech industrial supplies
It is reported that apart from being a purchaser, Zhenkunxing has participated in the Expo for the first time as an exhibitor this year. The Zhenkunxing booth is located in the Service Trade Exhibition Area of the 8.2 Pavilion of the National Convention and Exhibition Center (Shanghai), with a booth area of 300 square meters, making it the largest batch of booths in the Service Trade Exhibition Area. Its booth has set up three exhibition areas around the three strategic directions of Zhenkunxing platform trading, digital services, and intelligent delivery, bringing full chain digital supply chain solutions to industrial enterprises and creating a new ecosystem of digital intelligent procurement for industrial supplies.
At this CIIE, Zhenkunxing will showcase four major new products and services, namely Zhenkunxing's 10 million level industrial standard data dictionary, Zhenkunxing's digital search engine - "Expert Wisdom Search", Zhenkunxing's one-stop digital service solution for industrial product procurement and management, and Zhenkunxing's "Intelligent Warehouse Management" solution.
At this year's CIIE, we have participated fully as both buyers and exhibitors. With the CIIE as an international event, Zhenkunxing is committed to becoming the best choice for the industrial goods industry and global trade partners to enter China. It can also demonstrate the digital service capabilities of China's industrial goods supply chain, drive the export of industrial goods, and develop overseas, "said Chen Long.