Thursday, March 31st, 2011 - LANXESS
Industry Experience, Patented Technology and Cost Transparency Cited as Key Differentiators

DANBURY, CT--(Marketwire) - Odyssey Logistics & Technology Corporation (OL&T) announced today that it has entered into a five-year managed logistics service agreement with LANXESS Corporation, a leading specialty chemicals company with North American headquarters in Pittsburgh, PA. OL&T is a global logistics and transportation service provider for the chemical and process industries.

OL&T will manage inbound and outbound logistics for most of LANXESS' business across North America, including complete transportation services such as carrier selection and qualification, contract negotiations, claims and non-conformance management and reporting, as well as tendering and freight audit and payment services.

The LANXESS enterprise resource planning system has been integrated with the Odyssey Global Logistics Platform(SM), a patented technology infrastructure that provides a single, integrated transportation management system. This will enable LANXESS to view transportation activities, regardless of mode, through a single portal provided by OL&T. As a result, LANXESS expects to improve its logistics performance and operate more efficiently.

"We are very focused on quality and safety as well as the efficiency that can drive steady improvements for our business, and with the selection of Odyssey, we believe that we are on the path to continuous improvements," said LANXESS Head of Logistics Management Eric Smith.

"We are very pleased that LANXESS has selected OL&T," said Kevin Land, vice president of global solutions, Odyssey Logistics & Technology. "OL&T are specialists in the chemical and process industries and we are aware that every shipment we handle for LANXESS is crucial for its business and company reputation. We look forward to working with LANXESS and adding value to their portfolio by incorporating our industry expertise with quality and efficiency."

Contact Profile

LANXESS


LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,700 employees in 24 countries. The company is represented at 45 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
Francis Onofrio
P: 203 393 1101
M: -
W: www.odysseylogistics.com

Keywords

LANXESS, Odyssey Logistics & Technology, Odyssey, OL&T, logistics service agreement

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