An international Aluminum company who is the world's leading producer and manager of primary aluminum, fabricated aluminum, and alumina facilities, and is active in all major aspects of the industry.

Polyethylene terephthalate (PET) Film  Auction Event.

4000 MT of PET Films 12 microns to be supplied to 2 Asian countries for a 12-month contract period.

10 qualified suppliers from India, Thailand, China and Indonesia invited and participated.

around USD 7.36Million.

Jan 2008

Two lots (one for each location), buyer awarded based on total best price 30 minute of original bidding period. Any new bids coming in the last 5 minutes would trigger time extension of 3 more minutes. Supplier visibility constraints: showing Rank and lowest bid price. Unit Prices submitted would only be valid for the First (1st.) quarter of the contract period. The 2nd, 3rd and 4th quarter prices would be adjusted based on resin PTA/MEG index price.

The whole bidding lasted for 45minutes with 75 bids and 8 extensions.