GTR reports on F1 turnover

UK-based GTR Composites, a division of the Global Technologies Racing Group, says that it received around £12 mn in annual turnover from its F1 business.

Over the last 20 years, the business has reportedly worked with over 20 F1 teams to manufacture chassis, safety components, and smaller parts.

According to the company, around 400 of its components are in use in one race.

“We’re very proud indeed to have achieved this major milestone and along the way, to have won and retained such prestigious customers as our F1 clients,” said Simon Kingdon-Butcher director of GTR. “Watching F1 races and knowing we’ve contributed to the ongoing success on a global stage is highly satisfying.”