Hexagon Composites ASA 2014 AR2
The report highlights Hexagon Composites' performance in 2014, achieving record operating income driven by strong activity in its core business segments. The company expanded its production capacity for high-pressure cylinders and established a strategic joint venture with Agility Fuel Systems. In its low-pressure cylinders segment, Hexagon Ragasco secured major contracts in the Middle East, leading to high capacity utilization. The company also divested its composite reinforcements business, Hexagon Devold, to focus solely on its pressure cylinder operations. Additionally, Hexagon Composites continued to invest in product innovation, particularly in hydrogen storage and distribution solutions.
Company: Hexagon Composites ASA
Sector: Manufacturing
Country: Norway
Year: 2014
Type: AR2
Pages: 128
Back to company
Hexagon Composites ASA
Annual Report
The report highlights Hexagon Composites' performance in 2014, achieving record operating income driven by strong activity in its core business segments. The company expanded its production capacity for high-pressure cylinders and established a strategic joint venture with Agility Fuel Systems. In its low-pressure cylinders segment, Hexagon Ragasco secured major contracts in the Middle East, leading to high capacity utilization. The company also divested its composite reinforcements business, Hexagon Devold, to focus solely on its pressure cylinder operations. Additionally, Hexagon Composites continued to invest in product innovation, particularly in hydrogen storage and distribution solutions.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2014
Reporting Period
Jan 1, 2014 - Dec 31, 2014
Fiscal Year
2014
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees