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 […]
Axalta Introduces Cromax XP Solventborne Basecoat in North America
Axalta (NYSE: AXTA) announced the launch of Cromax XP, its latest solventborne basecoat for refinish customers in North America. This new technology delivers outstanding coverage, color match, and final appearance in a simple, easy-to-use system. Cromax XP solventborne basecoat now joins Cromax EZ waterborne basecoat to complete the range of products available in the Cromax […]
Axalta Receives Quality Supplier Award from Daimler Truck
(NYSE: AXTA) announced it received the Daimler Trucks North America LLC (DTNA) 2019 Masters of Quality supplier award. The award marks Axalta’s 21st win and 10th consecutive. The award honors top suppliers of components and services to Freightliner and Western Star brand trucks. “We are honored to receive this elite award from Daimler Trucks North […]
Tradiebot Pilots Virtual Collision Repair and Refinish Skills Training VR Console in Australia
Tradiebot has teamed up with the New South Wales (NSW) Department of Education in Australia and key collision repair industry partners to launch Ready, Tradie Go!, a digital skills high school program designed to engage the next generation of automotive apprentices using the latest Virtual Reality (VR) technology and a mobile app developed by the Australian […]
Jeremy Rohen Named SVP Strategy and Business Development at Axalta
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Jeremy Rohen is joining Axalta as Senior Vice President, Strategy and Business Development, effective January 18, 2021, and will report to Axalta’s President and CEO, Robert W. Bryant. “Jeremy will lead our enterprise strategy development and mergers and acquisitions function globally and work with our global business […]
Axalta Announces New Organizational Structure
Shift to global business unit-led structure expected to accelerate decision making, increase accountability and improve execution. Axalta Coating Systems Ltd. (NYSE: AXTA) announced plans to more closely align its global organization with its two global business segments to drive improved performance. This realignment follows the restructuring program announced over the summer and, together, the two […]
Axalta Reports Refinish Sales Down 9% in Third Quarter
Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales overall decreased 7.2% year-over-year to $1,026.9 million including a 0.1% foreign currency benefit, driven by 6.0% lower volumes and 1.4% lower average price and product mix. Performance Coatings third quarter net sales were $682.7 million, a decrease of 5.7% year-over-year. Constant currency organic net sales […]