New major order to Qatar
(Thomson Reuters ONE) -
Hexagon Composites' subsidiary Hexagon Ragasco has received a new order for LPG
cylinders from Woqod at a total value of EUR 8.9 million (approximately NOK 80
million). The order is scheduled for delivery during the second half of 2017.
"This order is another confirmation of Woqod's ambition to replace LPG steel
cylinders with the market's most innovative composite cylinders," says Skjalg S.
Stavheim, Managing Director of Hexagon Ragasco. "The order represents an
important step in our strategy of securing growth and improved capacity
utilization in the second half of the year."
Woqod 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 delivery trucks.
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 publicly listed company 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 provide significant 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 solutions 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: 15.12.2016 - 14:55 Uhr
Sprache: Deutsch
News-ID 513184
Anzahl Zeichen: 3036
contact information:
Town:
Ã…lesund
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"New major order to Qatar"
steht unter der journalistisch-redaktionellen Verantwortung von
Hexagon Composites ASA (Nachricht senden)
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