TVK Nyrt (TVK.BU), the chemicals subsidiary of Hungarian energy group MOL Nyrt. (MOL.BU), said Wednesday it has signed a supply agreement with China's Yantai Wanhua Polyurethanes Co. Ltd. (600309.SH).

Under the scope of the contract TVK will supply Wanhua with 120,000 metric tons of ethylene a year, 1.2 million tons over the course of a decade.

TVK noted that the deal is an extension of the established and lengthy business relations between the companies.

-By Gergo Racz, Dow Jones Newswires, +361-267-0622; gergo.racz@dowjones.com

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