Axalta Coating Systems (NYSE:AXTA) announced that Tyrone Michael Jordan (TJ) has been appointed to its Board of Directors, effective immediately. He will serve on the Company’s Environment, Health, Safety & Sustainability Committee and Nominating and Corporate Governance Committee. “We are extremely pleased to welcome TJ to the Axalta Board of Directors and look forward to […]
Axalta Signs New Five-Year Contract with Nissan in Turkey
Axalta has signed a five-year contract with Nissan Otomotiv A.Ş, the Turkish arm of the global automotive manufacturer, to deliver products and services for passenger cars throughout the manufacturer’s Turkish network through 2026. The commercial agreement, which came into effective earlier this year, will be fulfilled via Axalta’s premium global refinish brand, Standox. Nissan dealerships […]
Axalta Reports First Quarter Sales Up 8.1% to $1.06 Billion
Refinish sales up 8.5% on strong recovery in China compared to last year and demand recovery as vaccines rollout. Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,063.6 million for the first quarter ended March 31, up 8.1% year-over-year, including a 3.2% foreign currency benefit, driven by 4.6% higher volumes and 0.3% higher average […]
Axalta Wins Three Edison Awards
Axalta (NYSE: AXTA) announced it won three bronze Edison Awards in the categories of Innovative Services, Sustainability and Engineering and Materials Science. Named after Thomas Edison, the Edison Awards have recognized and honored some of the most innovative new products, services, and business leaders in the world since 1987. “We are proud to be an […]
Axalta Rebrands Transportation Coatings Business to Axalta Mobility Coatings
Axalta (NYSE: AXTA) today announced the launch of Axalta Mobility Coatings, a rebranding of its Transportation Coatings business unit. The redefined business will focus on supporting the accelerating demand for e-mobility and the evolving coatings needs of established and emerging light and commercial vehicle original equipment manufacturers (OEMs), fleet owners, and shared mobility providers. In […]
Fix Network World Names Axalta as Preferred Global Paint Partner
Axalta has signed a five-year global partnership agreement with Fix Network World. Under the agreement, Axalta is now the Preferred Global Paint Partner to Fix Network World, which has more than 700 collision repair shops in 12 countries. Steve Leal, President and CEO of Fix Network World, says, “Following a detailed and thorough competitive tender […]
Mercedes-Benz AG Approves Axalta Refinish Brands in 8 Asia-Pacific Markets Until 2025
Mercedes-Benz AG has renewed its approval of Spies Hecker and Standox, two of the premium, global refinish brands of Axalta (NYSE: AXTA), global manufacturer of liquid and powder coatings. Effective April 1, 2021, Spies Hecker and Standox are once again approved for use across the Mercedes-Benz network in eight Asian-Pacific (APAC) markets, until March 31, […]
Axalta Introduces Spies Hecker Waterborne System, Opens Regional Refinish Training Center in China
Axalta (NYSE:AXTA) announced the launch of its Spies Hecker Waterborne Full System, its latest full-layer waterborne solution for refinish customers in the Chinese market. The announcement was made during the grand opening ceremony on March 3 of its Southern Refinish Training Centre (RTC) in Guangzhou. The new auto refinish coating system brings world-class technology to […]
Axalta Fourth Quarter Sales Down 2.2% Compared to 2019
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its fourth quarter net sales were $1,074.5 million down 2.2% year-over-year, including a 1.8% foreign currency benefit. The result was driven by 3.8% lower volumes and 0.2% lower average price and product mix. Lower volumes were driven by ongoing COVID-19 related impacts primarily in the Refinish end-market, while volumes […]
Axalta Releases Preliminary Fourth Quarter 2020 Earnings Update
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its preliminary results for the fourth quarter of 2020. Fourth quarter net sales of $1,074.5 million decreased 2.2% from $1,098.4 million in Q4 2019, and increased 4.6% sequentially from Q3 2020 with all end-markets showing improvement, given continued recovery from pandemic-related demand impacts. According to the company refinish demand […]