Hexagon Composites nominated by major vehicle modifier to supply CNG fuel tanks
PRESS RELEASE Hexagon Composites' subsidiary Hexagon Raufoss has been nominated by a leading international vehicle modifier, to supply compressed natural gas (CNG) fuel tanks to Natural Gas Vehicles (NGV). The new NGV car model will enter the European market during second half of 2016.According to the agreement, the first deliveries are targeted for end of second quarter 2016, and the program is scheduled to run for up to seven years. The estimated overall delivery value is around NOK 150 million (approximately USD 18 million).- This is a new customer to Hexagon Raufoss and we are