Axalta (NYSE: AXTA) announced it released its waterborne clearcoat solution in China. It will be launched in Korea and Japan later this year. The new waterborne clearcoat aligns with Axalta’s sustainability commitment, while meeting the current needs in the Chinese, Korean and Japanese auto refinish market. This waterborne clearcoat reduces volatile organic compounds (VOC) emissions […]
Rakesh Sachdev Named to Axalta Board of Directors
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Rakesh Sachdev has been appointed to its Board of Directors, effective August 24, 2020. Sachdev will serve on the Company’s Nominating and Corporate Governance Committee and Compensation Committee. “The Axalta Board of Directors always seeks to optimize the balance of expertise, experience and diversity amongst our directors. […]
Axalta Extends Partnership with I-CAR Canada through the Sustaining Partner Program
Axalta (NYSE:AXTA) today announced that they have extended their participation in I-CAR’s Sustaining Partner Program in North America to include Canada, which was effective July 1, 2020. Axalta’s participation in the Program offers Refinish students more accessible and affordable training, either virtually or in-person, at any of Axalta’s Learning and Development Centers, while earning Platinum […]
Axalta Reports Second Quarter Sales of $652.7 Million, Down 43.6% in Wake of Pandemic
Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales of $652.7 million, down 43.6% year-over-year, for its second quarter ended June 30 in the wake of the pandemic. The company also provided an update regarding the ongoing impact of the coronavirus (COVID-19) pandemic on its business, employees, customers, and shareholders and related mitigation actions taken and […]
Steven Chapman Named to Axalta Board of Directors
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, […]