HP Composites is a company founded in 2010 that designs and builds carbon fibre parts for the automotive, motorcycle and aviation sectors and it operates in the racing sector too. The company is based in Ascoli Piceno, central Italy.
Over the last four years, HP Composites has built a total of 620 cars using carbon fibre.
Recently, the company has announced a yearly turnover of €14.7m for the year 2014, up from €8.1m posted in 2013.
HP Composites designed and built eleven out of twenty cars taking part at the 2015, 24 Hours Le Mans car racing event (LMP2 category).
HP Composites was founded by French entrepreneur Jacques Nicolet (Chairman and CEO of HP Composites) in partnership with Fondazione Marche, a business incubator based in Ancona.
ABM Holding is the majority shareholder of HP Composites with 52 per cent equity stake, HPC Holding has 42 per cent equity stake and the remaining 6 per cent it’s owned by Fondazione Marche.
“I am very pleased with HP Composites financial performance in 2014 – Jacques Nicolet, President and CEO of HP Composites said to Doitbetter.info. In addition, 2014 was a year of reorganisation for us, we laid the foundation of the company’s future development”.
Today HP Composites employs nearly 200 people during seasonal peak production that coincides with the racing season.
HP Composites’ highly experienced staff is key to the company’s success and to remain competitive within an hi-tech sector.
In 2015, HP Composites will launch a five year training project in partnership with Ecodine Italia.
The objective of this project is to provide vocational training at HP Composites to 2,500 people over a period of five years.
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