(Alliance News) - Friulchem Spa announced on Thursday that it has approved the signing of a framework contract with Evultis SA concerning the supply to Friulchem by Evultis - the company's historical raw materials supplier - of certain active ingredients and intermediates, for a maximum total amount on an annual basis of EUR3.5 million and for a maximum number of orders, over a 12-month period, of 50.

Specifically, the contract stipulates that the supply will take place by means of orders, at the company's sole discretion as to both the type of product - within the scope of the active ingredients and intermediates covered by the contract - and the relevant quantity and timing - within the maximum terms stipulated in the agreement.

Friulchem's stock is up 1.0 percent at EUR1.05 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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