Hexagon Ragasco awarded new significant order in Qatar
(Thomson Reuters ONE) -
Hexagon Composites' subsidiary Hexagon Ragasco has received an order for
composite LPG cylinders from Woqod at a total value of EUR 4.6 million (around
NOK 41 million).
Woqod, the leading LPG distributor in Qatar, has previously announced that they
will be phasing out LPG steel cylinders and replacing them with composite
cylinders. The bottled LPG infrastructure in Qatar is highly efficient with an
extensive network of service stations, retailers and private LPG delivery
trucks.
"This order is a confirmation that our cylinders, to an increasing degree, are
the preferred alternative to traditional steel cylinders in the Middle East,"
says Skjalg S. Stavheim, Managing Director of Hexagon Ragasco.
The order is scheduled for delivery during the first half of 2017.
For more information:
Skjalg S. Stavheim, Managing Director, Hexagon Ragasco AS
Phone: +47 977 95 565 | skjalg.stavheim(at)hexagonragasco.com
Investor Relations:
David Bandele, CFO, Hexagon Composites ASA
Phone: +47 920 91 483 | david.bandele(at)hexagon.no
Media:
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Phone: +47 906 34 977 | solveig.saether(at)hexagon.no
About Woqod
Woqod is a public share company listed on the Doha Securities Market. The
company is responsible for the distribution of all fuels within Qatar including
diesel, gasolines, aviation fuel as well as LPG.
About Hexagon Ragasco
Hexagon Ragasco, a wholly-owned subsidiary of Hexagon Composites ASA, is the
world's leading manufacturer of composite LPG cylinders with more than 11
million units in commercial use. The high-volume, highly automated production
facility in Raufoss, Norway is the most advanced of its kind world-wide. Hexagon
Ragasco's products are unique and provide many advantages over traditional steel
cylinders in terms of safety and user-friendliness.
About Hexagon Composites
Hexagon Composites ASA, is a leading global supplier of composite pressure
cylinders and systems for gas applications. Hexagon Composites ASA is a publicly
listed company with its headquarters in Aalesund, Norway.
Follow us on Twitter: (at)HexagonASA
This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.11.2016 - 08:30 Uhr
Sprache: Deutsch
News-ID 508770
Anzahl Zeichen: 2949
contact information:
Town:
Ã…lesund
Kategorie:
Business News
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