Saudi Gasco and Hexagon Ragasco signs Distribution Agreement

National Gas and Industrial Company (Gasco) and Hexagon Composites' subsidiary Hexagon Ragasco have entered into a long-term distribution agreement. The five-year agreement covers the distribution of composite LPG cylinders to the domestic Saudi Arabian market. 

As part of the agreement the first composite LPG cylinders will be shipped in the fourth quarter of this year and will be introduced to the Saudi market during first quarter of next year. The parties have agreed not to disclose specific details of the transaction.

Hexagon Ragasco light cylinders

- We are pleased to have this agreement in place with Hexagon Ragasco where it will be positively reflected as an added value to our products and a unique experience to the customers. This initiative by Gasco is to give our customers the chance to use Hexagon Ragasco's light cylinders that have high levels of usability, says Dr. Eyas Al Hajery, CEO of Gasco.

New generation LPG cylinders

- The long-term distribution agreement with Gasco represents a milestone in our strategy of securing growth and improved capacity utilization in the second half of the year. We believe that this alliance will strengthen our position in the Middle East region where Saudi Arabia is one of the largest markets for domestic LPG usage. This further confirms that Hexagon Ragasco's composite cylinders to an increasing degree are recognized as the new generation LPG cylinders and a good business investment as they help LPG marketers worldwide maintain or increase market share and build customer loyalty, says Skjalg S. Stavheim, Managing Director of Hexagon Ragasco.

Hexagon Ragasco is the world's leading producer of composite LPG cylinders with over 10 million units in commercial use. The high-volume, highly automated production facility in Raufoss, Norway is the most advanced of its kind world-wide. 

Associated companies:

Related news

Latest news

Great interest in smart options

An increasing number of people become aware of how smart options can make the construction process more efficient and life for residents easier, says product manager NorDan Smart, Olav Hjørungnes.

Salmon Wellboat Sails Electric

The new MS SEIHAV has now gone on chart with the Norwegian salmon farming company Lerøy Seafood Group. A reliable and environmentally sustainable propulsion arrangement has been chosen for MS SEIHAV.

Servogear at Interferry 2016

It is almost time for the 41th annual Interferry Conference. From October 15-19, Servogear will be present in Manila.

Strainstall mooring monitoring for Hywind

Strainstall provides specialised mooring monitoring for pioneering floating offshore wind farm project, Hywind. Collaboration with MacGregor delivers fully integrated mooring solution to monitor the forces on the floating ...

NSM Signs contract with Embraer

Norwegian Special Mission signed a contract with Embraer to supply six (6) UNIFIS 3000 Navaids Flight Inspection Systems to be integrated into six Embraer Legacy 500 aircraft.

Designing the energy solutions for autonomous airships

The Stratobus project is a new concept for an autonomous airship, operating at an altitude of about 20 kilometers. It is led by Thales Alenia Space (TAS). CMR Prototech has been chosen by Thales Alenia Space to s...

Expanded collaboration with DNV GL - Business Assurance

Steinsvik and DNV GL - Business Assurance have signed a framework agreement on product certification of barges for aquaculture.

"Maud" Returns Home

CMR had two men working on the research ship "Maud", Harald Ulrik Sverdrup and Odd Dahl. Both helped Roald Amundsen to get his project through and this highly scientific expedition could be realized. Sverdrup was scientifi...

The impact of NORCOWE

"NORCOWE has been instrumental for StormGeo’s positioning in the [offshore wind] market, " StormGeo’s vice president Renewables Jostein Mælan declared at NORCOWE 2016.