Hexagon Composites sees increased Mobile Pipeline® investment in Latin America with substantial order to Mexico
(Thomson Reuters ONE) -
This month Hexagon Composites' wholly owned subsidiary Hexagon Lincoln will
deliver a second set of TITAN® 4 modules to Energex Grupo Energeticos in
Monterrey, Mexico. A first set of modules were delivered in March of 2016, and
two more sets are scheduled for July and November of this year. The total value
of the order is USD 6.75 million (approximately NOK 56 million).
Grupo Energeticos is the premium fuel and energy distributor in Mexico. It is
seeing increased demand for cleaner burning natural gas as the preferred choice
over other fuels as it allows companies to comply with environmental regulations
at competitive prices and it improves operating advantages over other liquid
fuels.
"We are committed in assuring the best energy solutions to our customers," says
Cesar H. Cadena, CEO of Grupo Energeticos. "Hexagon Composites' SMARTSTORE® and
TITAN® products have proven to be essential in our Mobile Pipeline® endeavor
while the country builds up its infrastructure. Hexagon Composites is one of our
most trusted key partners and we expect more joint cooperation as we continue to
expand our business."
"As Grupo Energeticos continues its natural gas expansion, we are proud to
remain the trusted and sole supplier of their Mobile Pipeline® solutions." says
Frank Häberli, Vice President Mobile Pipeline® Division. "Together we are
shaping a new industry of clean and affordable energy in Mexico."
For more information:
Frank Häberli, Vice President Mobile Pipeline® Division, Hexagon Lincoln, Inc
Telephone: +1 402 326 5586 | frank.haeberli(at)hexagonlincoln.com
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | solveig.saether(at)hexagon.no
Hexagon Composites ASA is a publicly listed company with its headquarters in
Aalesund, Norway. The Group develops and produces composite pressure cylinders
and systems for storage and transportation of various gases.
Follow us on Twitter: (at)HexagonASA and (at)TITAN_Tank
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Hexagon Composites ASA via GlobeNewswire
[HUG#2024402]
Unternehmensinformation / Kurzprofil:
Datum: 01.07.2016 - 08:35 Uhr
Sprache: Deutsch
News-ID 481202
Anzahl Zeichen: 2899
contact information:
Town:
Ã…lesund
Kategorie:
Business News
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