The firm's UK subsidiary signed with a German firm's subsidiary
PVC board maker Palram Industries Ltd. (TASE: PLRM) has signed a €12 million distribution contract with the subsidiary of a German corrugated PVC manufacturer.
The German company undertakes to purchase the full output of Palram's UK subsidiary over four years, and distribute them in northern Europe. The buyer undertakes to purchase a minimum quantity that Palram did not disclose. The PVC sheets are used in civil engineering and construction projects.
Palram's share fell 8.3% in early trading on the TASE today to NIS 8.15, as part of a general market drop.
Published by Globes [online], Israel business news - www.globes-online.com - on March 1, 2009
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