Will also serve as distribution center for collision repair refinish products. Axalta Coating Systems (NYSE:AXTA) announced it will construct a new manufacturing plant for automobile, commercial vehicle and industrial coatings in Nanjing, China. The facility, located at Nanjing’s National Chemical Industrial Park (NCIP), is expected to be fully operational by the end of 2020 with […]
Axalta Reports Third Quarter Sales of $1.02 Billion
Refinish net sales up 4.9 percent excluding the impact of foreign currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the third quarter ended September 30, 2016. The company reported net sales of $1.0234 billion for the third quarter of 2016 benefitting from volume and pricing growth that was offset in part […]
Axalta Opens Regional Office, Plans Refinish Training Center in Dubai
Axalta Coating Systems (NYSE:AXTA) has formally opened its regional office in Dubai’s Jebel Ali Free Zone Authority (JAFZA). Designed to expand its regional sales and customer service capability, Axalta’s investment is in response to the region’s continued growth that is outperforming other global markets in automotive industry sales. In addition to this strategic milestone in […]
Axalta Partners with Stroud Water Research Center
In the wake of the recent release of its 2014-2015 Sustainability Report and the launch of its Sustainable Star customer awards program, Axalta Coating Systems (NYSE:AXTA), announced its partnership with Stroud Water Research Center. Stroud’s mission is to advance the knowledge and stewardship of freshwater systems through global research, environmental education, and watershed restoration. The […]
Axalta Receives BMW Approval for Spies Hecker and Standox in EMEA
Axalta Coating Systems (NYSE:AXTA) announced that BMW AG has renewed its approval for 2016 of both Spies Hecker and Standox. The agreements with the two brands refinish technologies, including comprehensive technical body shop support and targeted training, across BMW AG’s service network in 39 countries across Europe, Middle East, Africa, Eastern Europe and Asia-Pacific. Jürgen […]
Axalta Launches New Refinish Brand in Europe
Axalta Coating Systems (NYSE:AXTA) has launched Syrox, a new refinish brand for the European market. Designed with new European formulations specifically for the mainstream aftermarket segment, Syrox is a complete and compact refinish paint system, including a waterborne basecoat, developed for passenger car repairs. The Syrox refinish system provides a cost-effective alternative to premium product […]
Axalta Launches Refinish Sustainable Star Awards
Axalta Coating Systems (NYSE:AXTA) has launched the Axalta Sustainable Star Awards program for body shops who use sustainable practices. The contest runs until 11:59 p.m. on November 15, 2016. The launch follows Axalta’s recent release of the company’s 2014-2015 Sustainability Report. The Sustainable Star Awards are open to United States-based Axalta refinish customers. The Awards […]
Renault Presents Axalta with Supplier Innovation Award for Refinish Clearcoat
Axalta Coating Systems (NYSE:AXTA), received a supplier award for innovation for its new refinish fast-cure clearcoat technology by French car maker Renault, at a ceremony in Paris, France on June 20. Axalta is the only company this year to receive an award from Renault in the innovation category. Adrien Schrobiltgen, Axalta’s Vice President of Refinish […]
Axalta Acquires Netherlands Distributor Geeraets Autolak
Axalta Coating Systems (NYSE:AXTA) announced it has acquired the business of Geeraets Autolak, a distributor of Axalta’s Cromax refinish coating products in the Netherlands for nearly 40 years. The operations of Geeraets Autolak will be integrated into the Axalta organization, operating under the Cromax name. The acquisition takes effect immediately. Financial terms of the agreement […]
Carlyle Group to Sell Remaining Stake in Axalta
Axalta Coating Systems Ltd. (NYSE:AXTA) last week announced a secondary offering of of 41,621,996 common shares by affiliates of The Carlyle Group . The offering was subsequently priced at $28.25 a share, providing Carlyle with $1.175 Billion. Axalta will not receive any of the proceeds from the offering of shares by Carlyle. According to a […]