Hexagon Ragasco has received a new major order for LPG cylinders from Gas Filling Company of Iraq at a total value of around US$15 million.
Deliveries are scheduled to commence in fourth quarter of 2017 and continue through first quarter of 2018.
With this order, Iraq is expanding its already large fleet of composite LPG cylinders for the domestic market.
“The Middle East is an important market for us. The region continues to invest in lightweight composite cylinders that will help to make domestic use of LPG safer and more user-friendly,” said Skjalg S Stavheim, managing director, Hexagon Ragasco.
Gas Filling Company, one of the Iraqi ministry of oil companies, is responsible for the filling and distribution of liquefied petroleum gas (LPG) in Iraq. The company plays an important role in supplying the Iraqi market with LPG.
Hexagon Ragasco is a wholly-owned subsidiary of Hexagon Composites, a global supplier of composite pressure cylinders for gas applications. Hexagon Ragasco is a manufacturer of composite LPG cylinders with more than 12 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.