Ragasco AS has been awarded a contract in Iraq for the sale of Ragasco's Liquefied Petroleum Gas (LPG) cylinders to the state owned gas distribution company, Taji Gas.

 

The contract is worth approximately 40 million NOK and the cylinders will be produced at Ragasco's fully automated facility in Raufoss, Norway during the fourth quarter 2009. The containers will primarily be used for cooking in private households and in restaurants.

 

"Finding the correct partner in Iraq is vitally important and we are confident that we have done so with our agreement with Taji Gas. The Middle East region is now a significant part of Ragasco's export income and is an important element of Ragasco's broad customer base" says Erik Espeset, Hexagon Group President.

 

For further information please contact:

Erik Espeset

Group President

Hexagon Composites ASA

Tel: +47 70 11 64 45

E-mail: erik.espeset@hexagon.no

 

Further information about Ragasco's LPG (Liquefied Propane Gas) containers can be found on the company's web site at www.ragasco.com