Hexagon Composites awarded new automotive supply contracts
PRESS RELEASE
Hexagon Composites wholly owned Norwegian subsidiary Hexagon Raufoss has been awarded a new contract from a leading US passenger car manufacturer for the serial supply of CNG high-pressure composite cylinders. The value of the contract is NOK 90 million over a 4 year period.
The lightweight composite cylinders will be supplied to a production plant in Latin America and will serve as fuel tanks for a popular compact passenger car model running on natural gas.
"With over 5 million natural gas vehicles on the road traditionally steel cylinders have been used for the