Xom Materials, the independent industry platform launched by Klöckner & Co, has brought its 50th distributor on board. This marks a fivefold increase in the number of distributors – from 10 to 50 companies – within a single year, the company highlights.

33 of the 50 distributors who have been signed in Europe and the United States are already selling on the platform. In total, they stand for a revenue of more than €20 billion ($22 billion) annually, Kallanish hears.

“Xom Materials will revolutionise the distribution of steel and metals not only in Europe, but also in the USA. This shows that Germany and Europe still have great potential in the B2B sector,” says Gisbert Rühl, chief executive of Klöckner & Co.

The platform has further extended its range to include around 20,000 different products and also offers plastic products to its 600 registered customers. In addition, Xom Materials’ platform will be complemented by e-shops and e-procurement solutions in the future. The company notes that it is also expanding its international footprint, with ten distributors now in Spain alone.