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 […]
Axalta Extends Free Online Curriculum Offering to All Vocational Schools
Axalta (NYSE: AXTA) today announced that its online refinish curriculum is available to all vocational schools at no charge. This offering, which originally began as a pilot program with just a few vocational schools, is being extended to support all vocational schools in North America and their students, specifically at a time when distance learning […]
Axalta Partners with Korea Polytechnics Gangneung Campus on Refinish Training
Axalta (NYSE: AXTA) and Korea Polytechnics Gangneung Campus signed a memorandum of understanding (MOU) to offer automotive refinish coating education to college students and Axalta customers in Korea. As part of the partnership, Axalta and Korea Polytechnics will jointly provide refinish training programs to increase the number of skilled refinish talent in the region. As […]
Axalta Launches Waterborne Clearcoat Solution in Asia
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 […]