FALLS CHURCH, VA. (May 9, 3:30 p.m. EDT) — Packexpo.com has added online ordering and purchasing capabilities to its Web site serving the global packaging industry.
The Falls Church, Va.-based company was launched in October as a joint venture between Falls Church-based Cendex Corp. and the Packaging Machinery Manufacturers Institute of Arlington, Va. Until now, the portal served as a research and lead-generating function.
Buyers now can order and purchase packaging machinery, materials, parts and services online at the site (www.packexpo.com). By end of the second quarter, the portal also will offer reverse auctions allowing buyers to solicit live bids from sellers.
The exchange is available to the 5,300 packaging supply companies listed on its Web site. The portal will serve the global packaging business, estimated at sales of $450 billion a year.