XOM passed the GMV threshold of EUR 100 million.
XOM Materials, the digital platform that connects buyers and sellers of materials, has passed the GMV threshold of EUR 100 million and is expecting to reach a GMV of up to EUR one billion in 2021.
XOM Materials, the go-to online platform for trading materials such as steel, metals, and plastics, is growing exponentially. The Berlin based company was able to significantly increase the Gross Merchandising Volume (GMV) to over EUR 125 million from January 2020 till end of November 2020 – a growth of more than 1,000% as compared to the previous year period. In 2021, XOM Materials expects a GMV of up to EUR one billion.
"COVID crisis and pressure to digitize are pushing many companies to buy and sell online," says Marek Sacha, CEO of XOM Materials. "Our exponential growth shows that we are on the right track to become the leading digital ecosystem for the materials industry”, Mr. Sacha continues.
The concept of directly connecting sellers and buyers online and shifting large parts of the procurement and selling process for industrial materials into the digital world is meeting with great interest on the market. 10 of the largest 20 European producers are already using XOM eProcurement, over 60 companies are waiting to be onboarded to be able to buy or sell products online. From the beginning of January 2021 XOM will offer the eProcurement Platform in the US and Brazilian markets which is an important step for the company.
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