Hexagon Ragasco enters strategic partnership with Lipigas in Chile

10.11.2016  Stock Exchange Release

Hexagon Composites' subsidiary Hexagon Ragasco enters the Chilean market through Empresas Lipigas S.A.

Lipigas, one of the leading providers of LPG in Chile for the residential, industrial and leisure sectors, yesterday launched the Hexagon Ragasco cylinder in the Santiago metropolitan area.

Chile is a well-established LPG market, with strong focus on secure handling and safety. Bottled LPG is the primary energy source for Chilean homes.

"We are proud to bring to Chile the greatest innovation in the LPG market, in the last 40 years. We are delivering to our clients a technology that is used in other countries", says Angel Mafucci, General Manager at Lipigas.

"Lipigas is one of the leading LPG marketers in South America, active in Chile, Peru and Colombia. Following the launch of our cylinder in Uruguay earlier this year, the partnership with Lipigas represents a new milestone in our growth strategy for South America," says Skjalg S. Stavheim, Managing Director of Hexagon Ragasco.


For more information:
Skjalg S. Stavheim, Managing Director, Hexagon Ragasco AS
Phone: +47 977 95 565 | skjalg.stavheim@hexagonragasco.com

Investor Relations:
David Bandele, CFO, Hexagon Composites ASA
Phone: +47 920 91 483 | david.bandele@hexagon.no

Solveig D Saether, Communication Manager, Hexagon Composites ASA
Phone: +47 906 34 977 | solveig.saether@hexagon.no

About Hexagon Composites Group 
Hexagon Ragasco 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.

Hexagon Ragasco is a wholly-owned subsidiary of Hexagon Composites ASA, 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: @HexagonASA


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.