StockMarketWire.com - Water treatment group Amiad Water Solutions said it had entered into commercial framework agreements with two related parties, including a supplier and a customer.

The agreements renewed a longstanding commercial relationship with entities affiliated to FIMI Opportunity Funds , being Polyram Plastic Industries and Rivulis Irrigation.

Polyram was the company's largest plastic raw materials supplier, with 2019 raw material purchases valued at about $2.5m.

Rivulis was a customer that from time to time acquired its products for its irrigation activity based on agreed discount rates, with average annual sales of $0.5m.

'Each of the agreements has a three-year term, contain no unusual features and are in line with standard market practice,' Amiad said.




At 1:07pm: [LON:AFS] Amiad Water Systems share price was 0p at 240p



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