Hexagon Composites awarded major order in Iraq

Hexagon Composites' wholly-owned subsidiary Hexagon Ragasco has received an order of USD 13.6 million (around NOK 82 million) for the supply of LPG cylinders to Iraq. The order is for delivery in the second half of 2014 and comes in addition to the order to Qatar at EUR 12.7 million (approximately NOK 104 million) reported yesterday, 22 April.

These two orders provide high capacity in the second half of the year, which has been a prioritized objective. "We are very pleased with the performance of Hexagon Ragasco and in particular sales to markets outside Europe. This provides enhanced confidence that we can take a higher share of the global market for LPG cylinders. We have a very good product and an organization in the driving seat", comments Jon Erik Engeset, CEO of Hexagon Composites.

For further information:
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: [phone] | E-mail: [e-mail]

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

Hexagon Ragasco LPG cylinders

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Source: Hexagon Composites ASA via Globenewswire

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