NetComposites
Attwater

Hexagon Composites, Saudi Gasco and Hexagon Ragasco Sign Five-year Distribution Agreement

29 September 2015

National Gas and Industrial Company (Gasco) and Hexagon Ragasco have entered into a long-term distribution agreement lasting five-years covering the distribution of composite LPG cylinders to the domestic Saudi Arabian market.

Hexagon explains that, 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 the first quarter of next year. The parties have agreed not to disclose specific details of the transaction.

"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.

"The long-term distribution agreement with Gasco represents a milestone in our strategy of securing growth and improved capacity utilisation 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 recognised 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.






comments powered by Disqus

Related / You might like...

Funding Offered for UK Exporters at Trade Shows

The UK's Engineering Industries Association (EIA) and the Manufacturing Technologies Association (MTA) have received confirmation of government funding for UK engineering companies to exhibit at overseas trade shows.

CGTech Celebrates 30 Years

CGTech, the developer of VERICUT software, is celebrating three decades of consistent growth.

RTP to Open Facility in Poland

RTP Company has announced its expansion into Poland with an 86,000 sq.ft. (7,990 m2) facility located at Prologis Park V in Wroclaw.