norway

7th Mar 2019

Hexagon Composites has raised approximately NOK 493 million (approx $57.22 million) in gross proceeds through a private placement of 16,662,780 new shares, at a price per share of NOK 29.60 ($3.44). The private placement took place through an accelerated bookbuilding process managed by DNB Markets and Carnegie AS after close of markets on February 27,...

17th Oct 2018

Hexagon Composites is developing compressed hydrogen tanks for serial production of fuel cell electric vehicles (FCEV) to be launched by an automotive OEM. The production is anticipated as early as 2020. Hydrogen is a clean and safe energy carrier that can be used as fuel for power in a wide range of applications, and can be easily stored on a large...

18th Sep 2018

Hexagon Composites has named Jon Smith as president Mobile Pipelines. In his new position, Smith will head the global Mobile Pipelines unit, the industry leader in distribution systems of compressed energy gases beyond the pipeline. Previous to this, Smith was vice president and general manager, Smart Energy Americas for Honeywell International.

18th Aug 2018

Hexagon Lincoln has got a substantial order for the new TITAN53 transport modules from Xpress Natural Gas (XNG) a leading full-service provider of CNG Mobile Pipeline, with a total value of $10.6 million. The large-capacity Mobile Pipeline modules will serve virtual interconnect projects in the US, connecting communities and facilities to the gas grid.

8th Aug 2018

Exel Composites company Diversified Structural Composites (DSC) has manufactured fibre optic-embedded carbon composite rod for Norwegian company Ziebel’s innovative well intervention system. The rod with fibre optic core functions as a sensor, gathering valuable real-time insight on well behaviour, a function unattainable using conventional methods.

12th Jul 2018

Hexagon, a leading composite tank manufacturer, has launched the composite pipeline gas transport module, Titan 53. Hexagon has adapted composite pressure vessel technology for a wide range of applications for compressed natural gas, hydrogen, propane and industrial gases while the Mobile Pipeline provides transportation, storage and distribution...

29th Jun 2018

With a focus on clean energy, Hexagon is introducing a new Mobile Pipeline gas transport module, the TITAN53, which employs the largest composite cylinder tanks in the world. After nearly a decade of success with TITAN products, customers want the ability to move greater volumes of compressed gases including natural gas, hydrogen and industrial gases.

28th Feb 2017

In the fourth quarter of 2016, operating profit before depreciation (EBITDA) at Hexagon Composites soared to NOK 314.7 million as against NOK 40.9 million in the prior year’s fourth quarter. Operating profit (EBIT) in the fourth quarter was NOK 288.7 million compared to NOK 18.6 million and profit before tax totaled NOK 304.9 million versus NOK 14.7...

12th Nov 2016

Hexagon Composites’ subsidiary, Hexagon Ragasco, a leading developer of composite LPG cylinders with more than 11 million units in commercial use, has entered into a four-year frame agreement with Beximco Group, Bangladesh’s largest and most diversified industrial conglomerates, for sales of composite LPG cylinders into the fast growing Bangladeshi...