Finnish company Vemedia and Brazilian national oil company reached a spare parts supply agreement.

Finnish developer and supplier Valmet announced on August 11th that it has signed an agreement with the Brazilian national oil company to supply spare parts for valves, actuators and positioners. Potential orders will be confirmed during the agreement period, but the value of the orders will not be disclosed. The initial term of the agreement is one year, with the possibility of automatic renewal for up to five years.