Hexagon Annual Report 2019

36 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS Hexagon Ragasco Hexagon Ragasco is the leading manufacturer of composite liquefied petroleum gas (LPG) cylinders, used mainly for leisure activities, household and industrial applications. An increased focus on ease of use, high change to: corrosion resistance, low maintenance cost, design and safety is strengthening demand. A long-term customer- oriented approach has increased market penetration, improved capacity utilization and enabled expansion into new markets. ENHANCED MANUFACTURING EFFICIENCY AND PRODUCT DIFFERENTIATION PRODUCT AREAS HEXAGON RAGASCO FACILITY NORWAY 127 Leisure activities, household use and industrial applications WORKFORCE 1) 1) FTEs