STOCK TITAN

Axalta's new solventborne basecoat, Cromax XP, featured on display at Daytona International Speedway

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Axalta (NYSE: AXTA) has unveiled its new solventborne basecoat, Cromax XP, showcased on the No. 24 Chevrolet Camaro ZL1 1LE at Daytona International Speedway. Displayed from January 29, 2021, as part of the Axalta Injector Sponsorship, the showcar features a unique paint scheme combining Cromax XP with Axalta's 2021 Color of the Year, ElectroLight. Cromax XP offers superior coverage, color matching, and versatile application methods, enhancing customer options alongside the existing Cromax EZ waterborne basecoat.

Positive
  • Introduction of Cromax XP adds a high-quality solventborne basecoat option for customers in North America.
  • Cromax XP features advanced mobility-sensing technology for a dynamic appearance.
Negative
  • None.

GLEN MILLS, Pa., Feb. 4, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that its new solventborne basecoat, Cromax XP, appears on the No. 24 Chevrolet Camaro ZL1 1LE that will be displayed outside Daytona International Speedway (DIS) as part of the Axalta Injector Sponsorship. The Hendrick Motorsports showcar debuted on Thursday, January 29, 2021, and will be on display all year long for DIS visitors to enjoy.

The showcar's paint scheme is a special combination of Cromax XP and Axalta's 2021 Color of the Year, ElectroLight. This exciting color is a refreshing green-yellow hue that has been formulated with mobility-sensing technology so it's both functional and dynamic. It is one of three colors in the striking paint scheme, along with black and white.

"We are very proud to have Cromax XP and ElectroLight on the showcar outside the Axalta Injector at Daytona International Speedway," said Patricia Morschel, Vice President, Marketing and Commercial Operations of Axalta Global Refinish. "The outstanding quality and performance of Cromax XP makes it the perfect basecoat for this distinctive paint scheme, and we look forward to DIS visitors enjoying the finish and design as much as we do."

Cromax XP, Axalta's new easy-to-use solventborne basecoat available for customers in North America, delivers a high-quality finish with outstanding coverage, accurate color match, and accommodating application methods. With the recent introduction of Cromax XP to the market, it joins Cromax EZ waterborne basecoat in the Cromax brand to give customers two options for a simple solution that meets their business needs.

To learn more about Cromax XP, visit axalta.us/xp. To learn more about ElectroLight, Axalta's 2021 Color of the Year, visit axalta.com/electrolight.

About Axalta

Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 130 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us @axalta on Twitter.

Contact
Lisa Mollison
610.358.5158
lisa.mollison@axalta.com
axalta.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/axaltas-new-solventborne-basecoat-cromax-xp-featured-on-display-at-daytona-international-speedway-301221374.html

SOURCE Axalta

FAQ

What is Cromax XP by Axalta?

Cromax XP is Axalta's new solventborne basecoat known for its high-quality finish, outstanding coverage, and color matching.

Where is Cromax XP displayed?

Cromax XP is featured on the No. 24 Chevrolet Camaro ZL1 1LE outside Daytona International Speedway as part of the Axalta Injector Sponsorship.

What is the significance of ElectroLight for Axalta?

ElectroLight is Axalta's 2021 Color of the Year, incorporated into the paint scheme of the showcased showcar.

When did the showcar featuring Cromax XP debut?

The No. 24 Chevrolet Camaro ZL1 1LE showcar debuted on January 29, 2021.

Axalta Coating Systems Ltd.

NYSE:AXTA

AXTA Rankings

AXTA Latest News

AXTA Stock Data

8.73B
217.16M
0.39%
102.88%
2.43%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
Link
United States of America
PHILADELPHIA