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9/13/2010

Ragasco wins new Daimler deal for composite pressure vessels

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Hexagon Composites ASA's wholly-owned subsidiary, Ragasco AS, has signed a new major, multi-year contract with Daimler AG for the supply of composite high-pressure containers.

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Hexagon Composites ASA (Ålesund, Norway) announced on Sept. 9 that its wholly-owned subsidiary, Ragasco AS (Raufoss, Norway), has signed a new major, multi-year contract with Daimler AG for the supply of composite high-pressure containers.

The contract covers the delivery of fuel tanks for natural gas to the next generation of today's Mercedes-Benz B-class. Ragasco AS is already supplying composite high-pressure containers to today's Mercedes-Benz B-Class, an eco-friendly car. The new contract ensures a base of production volume for Ragasco beginning in the second half of 2012 and will contribute to the future goal to provide high-pressure products produced in an automated production line. Ragasco expects this production to become an integral part of the company's fully-automated production line for propane containers.

Composite containers from Ragasco weigh only 65 percent to 70 percent less than traditional compressed natural gas (CNG) containers made of steel. 

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