National Gas and Industrial Company (Gasco) and Hexagon Composites' subsidiary Hexagon Ragasco have entered into a long-term distribution agreement. The five-year agreement covers the distribution of composite LPG cylinders to the domestic Saudi Arabian market. 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 first quarter of next year. The parties have agreed not to disclose specific details of the transaction.
‘The long-term distribution agreement with Gasco represents a milestone in our strategy of securing growth and improved capacity utilization in the second half of the year,’ said Skjalg S Stavheim, Managing Director of Hexagon Ragasco. ‘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 story is reprinted from material from Hexagon Ragasco with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
