Westvaco Corp. introduced its newest
service, Paxonix, a new Internet-enabled packaging solutions business offering
a unique array of integrated software applications, expert professional
services and best-in-class resources around the world. Paxonix's mission is to
help consumer product companies develop packaging solutions, shorten
package-development cycles and increase the speed of product launches and
relaunches in one country, a region or globally.
As the creator of Paxonix, Westvaco will
provide the initial funding. A group of 17 companies have joined Westvaco as charter
members of Paxonix. These charter members operate in 60 countries.
In addition to its charter members, Paxonix
has selected IBM as its key technology advisor. IBM will assist in establishing
the technology environment that will serve as Paxonix's business foundation and
will provide consulting, integration and hosting services.
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