Hexagon Ragasco, a Hexagon Composites company, received its first order in 2021
from a long-term customer in South Asia. The total estimated value of the order
is USD 3.8 million (approx. NOK 32 million).
Driving energy transformation
The use of LPG for cooking produces practically no particulates. Its CO2
footprint is 20% lower than that of heating oil and 50% lower than coal. Use of
Hexagon Ragasco's easy-to-handle lightweight, LPG composite cylinders provide a
safer and cleaner fuel alternative, while also enabling people to spend less
time cooking and gathering fuel, and more time on education and income
generation.
"This region of the world is facing the tough effects of the pandemic.
Continuing our work with key customers in this region to support their local
efforts to meet basic domestic cooking needs safely and efficiently is
gratifying," says Skjalg Sylte Stavheim, President Hexagon Ragasco.
Timing
Hexagon Ragasco's cylinders will be produced and delivered in Q2 2021.
For more information:
Karen Romer, SVP Communications, Hexagon Composites ASA Telephone:
+47 950 74 950 | karen.romer@hexagongroup.com
(mailto:karen.romer@hexagongroup.com)
Hiva Ghiri, VP IR, Hexagon Composites ASA Telephone: +47 958 66 790 |
hiva.ghiri@hexagongroup.com (mailto:hiva.ghiri@hexagongroup.com)
About Hexagon Ragasco
Hexagon Ragasco, a Hexagon Composites company, is the world's leading producer
of composite LPG cylinders with over 19 million units in use globally. 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 steel cylinders in terms of safety and user-
friendliness. Learn more at www.hexagonragasco.com and follow @Hexagon_Ragasco
on Twitter and LinkedIn.
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation and conversion to clean energy in a
wide range of mobility, industrial and consumer applications. Learn more at
www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act