Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Tim Bowes has been appointed President, Global Industrial Coatings, effective January 27. Bowes will succeed Shelley Bausch who will be stepping down from her role. Most recently, Mr. Bowes served as Axalta’s Senior Vice President and Chief Transformation Officer. Prior to joining Axalta, he served as Senior […]
Axalta and Dürr Partner on Automotive OEM Digital Paint Technology
Axalta Coating Systems (NYSE: AXTA) and Dürr Systems AG, a mechanical and plant engineering firm, have entered into a partnership to provide a digital paint solution, combining Axalta’s NextJet technology with Dürr’s robotics integration. Digital paint, also referred to as overspray-free application, is an advanced paint application that allows for precise paint placement. Under the […]
Axalta Named as a Global Partner to BMW Group in Over 50 Countries
Axalta (NYSE: AXTA) has been named as a recommended refinish supplier for BMW Group where BMW private paint label, ColorSystem, is not present. The new agreement, effective from January 2025, is valid for several years and includes BMW Group’s network of dealerships and collision repair shops in over 50 countries worldwide. BMW Group has also […]
Axalta Marks 10 Years as a Public Company by Ringing the NYSE Opening Bell
Chris Villavarayan, CEO and President of Axalta Coating Systems (NYSE: AXTA) and Rakesh Sachdev, chair of the board, yesterday commemorated 10 years as a publicly traded company by ringing the opening bell at the New York Stock Exchange (NYSE). Axalta’s senior leadership team and employees from the Philadelphia area also participated in this highly respected […]
Axalta Celebrates Opening of Global Headquarters in the Philadelphia Navy Yard
Axalta (NYSE: AXTA) has announced its global headquarters at the Philadelphia Navy Yard, marked by a ceremonial ribbon-cutting and an employee appreciation event. This strategic relocation from Delaware County to the Navy Yard integrates the headquarters with Axalta’s Global Innovation Center, unifying operations under the ONE Axalta initiative to enhance collaboration and streamline decision-making. “We […]
Axalta and 3M Collaborate on Refinish Training Series
3M and Axalta yesterday announced a collaboration to introduce a new training content series focused on automotive refinishing. The series will feature five co-branded training modules, each intended to meaningfully help technicians and shops improve their understanding of repair process practices and drive greater operational outcomes. The brand-agnostic and accessible educational video content produced by […]
Axalta Reports Record Third Quarter Sales
Axalta Coating Systems Ltd. (NYSE:AXTA) announced third quarter 2024 net sales increased 0.8% year over year to a third quarter company record of $1.32 billion as contribution from the CoverFlexx acquisition announced earlier this year and volume growth were partially offset by contractual raw material index impacts and mix headwinds. Net income in the quarter […]
Axalta Introduces Cloud-Based Platform for Refinish Customers to Improve Productivity and Performance
Axalta (NYSE: AXTA) announced the launch of Axalta Nimbus, its global customer experience platform for refinish customers. This technology seamlessly connects customers to all of Axalta’s tools and resources to improve efficiency, enhance productivity, boost performance, and maximize profitability. Axalta Nimbus provides a cohesive, end-to-end experience for customers around the globe. With Axalta Nimbus, customers […]
Axalta Introduces Next-Generation Spectrophotometer for Refinish Customers
Axalta (NYSE: AXTA) today announced the launch of Axalta Irus Scan, its latest spectrophotometer for refinish customers. This new technology scientifically measures paint color on a vehicle to provide accurate color matches in waterborne and solventborne basecoat technologies. Axalta Irus Scan now joins the simple, three-step Axalta Irus digital color management process as the first […]
Axalta Announces Record Second Quarter Sales of $1.35 Billion
Refinish net sales $546 million, up 5% year-over-year. Axalta Coating Systems Ltd. (NYSE: AXTA) announced its second quarter 2024 net sales increased 4.4% year-over-year to a quarterly record of $1.35 billion with positive contributions from all four end markets. Net income increased by $52 million year-over-year to $113 million. Adjusted net income improved by $50 […]
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