Hexagon Composites doubling US capacity for natural gas containers

By Rhoda Miel
News Editor

Published: June 3, 2013 3:50 pm ET
Updated: June 3, 2013 3:52 pm ET

Related to this story

Topics Automotive, Automotive/transportation, Composites

The booming North American natural gas market is prompting Norway’s Hexagon Composites ASA to invest $25.8 million (150 million Norwegian kroner) to expand production of its natural gas container business in Lincoln, Neb.

Hexagon’s Tuffshell composite cylinders are used to store compressed natural gas powering buses and trucks. The rising availability of natural gas from North American shale gas production is leading to low costs and easy access to natural gas used to power vehicles, especially mass transit buses, the company said in a June 3 news release.

Hexagon Composites is based in Ålesund, Norway, with U.S. operations in Lincoln.

With the added capacity, Hexagon said it will be able to double its capacity by the end of 2013 in comparison with 2012.

“We wish to establish an automated and cost-effective production line, so as to achieve the greatest possible competitive effect,” said CEO Tore J. Fjell.


Comments

Hexagon Composites doubling US capacity for natural gas containers

By Rhoda Miel
News Editor

Published: June 3, 2013 3:50 pm ET
Updated: June 3, 2013 3:52 pm ET

Post Your Comments


Back to story


More stories

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

Jagemann expands to meet rising demand from auto industry

February 18, 2015 2:50 pm ET

Jagemann Precision Plastics is expanding its Murfreesboro, Tenn., plant to meet rising demand for insert-molded parts.    More

Image

Plastics firms honored for work in product development, manufacturing

February 17, 2015 4:09 pm ET

Sealpac USA LLC, Dow Chemical Co.'s automotive systems group, Piper Plastics Inc. and Igus Inc. were honored for their efforts in the development new ...    More

Image

TransNav, Rompa Group form JV covering Europe, North America

February 17, 2015 5:28 pm ET

TransNav Inc, of New Baltimore, Mich., and the Tilburg, Netherlands-based Rompa Group have established an injection molding and thermoforming joint...    More

Image

Patrick Industries buys RV supplier Better Way Partners

February 17, 2015 5:16 pm ET

Building products producer and distributor Patrick Industries Inc. continues to ride the vigorous recreational vehicle market in the state of Indiana.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events