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 […]
Axalta Concludes Strategic Alternatives Review
Axalta Coating Systems Ltd. (NYSE:AXTA) today announced that its Board of Directors has concluded its review of strategic alternatives that was announced last June. Over the course of the nine-month review, Axalta’s Board, led by its Strategic Review Committee, explored multiple alternatives to maximize shareholder value, including a comprehensive sale process for the company, as […]
Axalta North America Refinish Students Can Receive Free I-CAR Credit through Sustaining Partner Program
Axalta Coating Systems (NYSE:AXTA) today announced that they joined I-CAR’s Sustaining Partner Program in North America, effective January 1, 2020. Axalta’s participation in the program offers its Refinish students more accessible and affordable training, either virtually or in-person, at any of Axalta’s Learning and Development Centers, while earning platinum I-CAR credit at no charge from […]
Axalta Reports Fourth Quarter Refinish Sales Up 2.3%, Overall Sales Declined
Axalta Coating Systems Ltd. (NYSE:AXTA) reported fourth quarter net sales of $1,098.4 million for the fourth quarter, down 5.8%, including 1.3% negative foreign currency translation impact and a 2.0% impact from the sale of a consolidated Joint Venture (JV) interest in the second quarter. Constant currency organic net sales decreased 2.5% in the period, with […]
Axalta Reports Third Quarter Sales Down Due to Impact of Currency Conversion and Sale of China Joint Venture
Organic refinish sales up on constant currency basis. Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,107.0 million decreased 3.4% year-over-year, including a 2.0% negative foreign currency impact and negative 1.8% inorganic impact primarily associated with the second quarter 2019 sale of its interest in a China powder joint venture. Constant currency […]
Axalta Mobile Training Reaches Milestone 20,000 Refinishers in Latin America
Axalta (NYSE:AXTA) celebrated reaching a milestone of 20,000 automotive refinish workers at more than 950 body shops trained through the ‘Axalta on Tour’ program today, which brings free specialized training to body shops in Mexico and Latin America. Since 2016, Axalta’s experts have traveled through every corner of Mexico, Colombia and Argentina to train refinishers […]
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