Hexagon Composites ASA 2016 AR2
The report highlights Hexagon Composites' strategic developments in 2016, including its merger with Agility Fuel Systems to form Agility Fuel Solutions and the acquisition of xperion Energy & Environment. The company achieved a 24% revenue growth in its Low-Pressure LPG segment, driven by market expansion outside Europe, particularly in Bangladesh, Chile, and Qatar. Despite challenges in the High-Pressure Mobile Pipeline market, Hexagon advanced its hydrogen business, securing a contract with Daimler AG for the Mercedes-Benz GLC F-CELL. The company also focused on improving production efficiencies, reducing cycle times for LPG cylinders, and maintaining high safety and environmental standards across its automated plants.
Company: Hexagon Composites ASA
Sector: Manufacturing
Country: Norway
Year: 2016
Type: AR2
Pages: 136
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Hexagon Composites ASA
Annual Report
The report highlights Hexagon Composites' strategic developments in 2016, including its merger with Agility Fuel Systems to form Agility Fuel Solutions and the acquisition of xperion Energy & Environment. The company achieved a 24% revenue growth in its Low-Pressure LPG segment, driven by market expansion outside Europe, particularly in Bangladesh, Chile, and Qatar. Despite challenges in the High-Pressure Mobile Pipeline market, Hexagon advanced its hydrogen business, securing a contract with Daimler AG for the Mercedes-Benz GLC F-CELL. The company also focused on improving production efficiencies, reducing cycle times for LPG cylinders, and maintaining high safety and environmental standards across its automated plants.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees