Brief: Yukselen Celik Signs Exclusive Export Cooperation & Transit Sales Agreement With One Of China's Largest Tool Steel Producers

Yukselen Celik

11/11/2020 05:50

Nov 11 (Reuters) - YUKSELEN CELIK AS  YKSLN.IS :
    * SIGNS EXCLUSIVE EXPORT COOPERATION & TRANSIT SALES AGREEMENT WITH ONE OF
CHINA'S
LARGEST TOOL STEEL PRODUCERS
    * SAYS WILL GENERATE ADDITIONAL TRANSIT EXPORT REVENUES FROM 26 COUNTRIES AS
OF
01.01.2021, ON THE BACK OF THIS AGREEMENT
    * EXPECT TO REGISTER APPROXIMATELY EUR 900,000 EUR SALES REVENUES BY
EXPORTING 500
TONS OF TOOL STEEL IN 2021
    * THIS CONTRIBUTION IS EXPECTED TO REACH THE LEVEL OF EUR 2-3 MILLION EUR IN
2022
    * AGREEMENT WILL BE VALID FOR ONE YEAR AND WILL BE AUTOMATICALLY RENEWED
EVERY
YEAR UNLESS TERMINATED BY THE PARTIES

Source text for Eikon:  ID:nIKA3M5Swg 
Further company coverage:  YKSLN.IS 

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