Axalta Coating Systems Ltd. (NYSE:AXTA) announced that Steven M. Chapman has been appointed to its Board of Directors, effective as of July 21. Chapman will serve on the Company’s Audit and Environment, Health, Safety & Sustainability Committees. “I’m pleased to welcome Steve to our Board of Directors,” said Mark Garrett, Axalta’s Board Chair. “He brings […]
Axalta Breaks Ground on Refinish Facility in the Netherlands
Axalta Coating Systems (NYSE:AXTA) broke ground June 19 on its new, 7,250 square-meter (78,000 sq. ft.) facility to support its refinish business in the Netherlands that was announced last year. The new facility will be equipped with the latest technology and energy-saving features. Construction at the site in Tiel is expected to be completed by […]
Axalta OEM Coatings Business Improved in May, Refinish Customers Benefiting from Increased Driving
Axalta Coating Systems Ltd. (NYSE:AXTA) today provided an update on second quarter sales trends through May. Axalta had withdrawn its guidance for the full year 2020 in March due to the uncertainty in the outlook for customer demand as a result of the COVID-19 pandemic and committed to offering an intra-quarter update in June. For […]
Axalta Commences $500 Million Note Offering
Axalta Coating Systems Ltd. (NYSE:AXTA) announced that two of its wholly owned subsidiaries, Axalta Coating Systems, LLC and Axalta Coating Systems Dutch Holding B B.V. intend to offer $500.0 million in aggregate principal amount of senior unsecured notes, subject to market and other conditions, to qualified institutional buyers pursuant to Rule 144A under the Securities […]
Axalta Launches Color Retrieval Software Enhancement with 3D Modeling
Axalta Coating Systems (NYSE:AXTA) announced the launch of Advanced Color Proofing, the latest enhancement to their proprietary color retrieval software, ColorNet. “Advanced Color Proofing allows collision customers to view paint colors and digitally rotate them on 3D vehicle renderings to determine color match and blendability across panels,” said Troy Weaver, Vice President of Axalta, Global […]
Axalta Reports First Quarter Sales Down Due to COVID-19 Impact on Demand
Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales of $983.5 million in the first quarter ended March 31. Sales decreased 12.1% year-over-year, including a 2.1% negative foreign currency impact and negative 1.5% year-over-year impact from the sale of a China JV interest in Q2 2019. Constant currency organic net sales decreased 8.5% in the period, […]
Axalta to Expand Waterborne Production in China
Axalta (NYSE:AXTA) broke ground on the newest phase of its Jiading plant in Shanghai, China to expand its waterborne coatings capacity in the country. Expected to be operational by early 2021, this expanded facility will position Axalta to meet rising demand for sustainable coatings from automotive and industrial customers across southern and eastern China. “This […]
Axalta Offers Expanded Live Virtual Training for Refinish Customers Globally
Axalta (NYSE:AXTA) today announced it has expanded its live virtual continuous learning courses for Refinish customers globally while they follow shelter-in-place orders during the coronavirus pandemic. Each virtual class provides live, interactive instruction from Axalta’s expert training team via webcast. “We value our customers and are pleased to offer paint and body shop technicians the […]
Axalta Antimicrobial Technology Used In Chicago’s McCormick Place For Coronavirus Patients
Axalta (NYSE:AXTA) announced that it will supply E&R Powder Coating with more than 7,000 pounds of its Alesta AM powder coatings for bed frames at a temporary hospital at McCormick Place in Chicago, Ill., which is being used for coronavirus patients. “Axalta’s Alesta AM is being applied to these new beds to ensure that the […]
Axalta Donates PPE and Hand Sanitizer to Support Global Coronavirus-Relief Effort
Axalta (NYSE:AXTA) announced that it is leveraging its global operations and technical know-how to provide critical equipment and products to people and organizations in its local communities around the world. “Axalta is committed to worldwide efforts to support the safety, health, and well-being of hospital professionals, first responders, and our employees,” said Robert Bryant, Axalta’s […]