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Axalta Coating Systems Ltd. (NYSE: AXTA) stands out as a premier global coatings company solely focused on the development, manufacture, and sale of liquid and powder coatings. This specialization has positioned Axalta as a leader in serving a diverse range of sectors including automotive, transportation, general industrial, and architectural and decorative markets.
With over 145 years of experience in the coatings industry, Axalta continues to innovate and deliver superior solutions. The company operates through two main segments: Performance Coatings and Mobility Coatings. The Performance Coatings segment provides products to refinish and industrial markets, while the Mobility Coatings segment focuses on original equipment manufacturers (OEMs) of light and commercial vehicles.
Axalta's extensive global presence includes 35 manufacturing facilities, 7 research and development centers, and operations in 130 countries. It employs over 12,000 people dedicated to creating, manufacturing, distributing, and supporting its extensive product portfolio. The company holds or has pending more than 1,800 patents, underscoring its commitment to innovation.
Recent notable achievements highlight Axalta's innovative drive. The company has been recognized with three 2024 Edison Awards™ for its cutting-edge products, including the Axalta Irus Mix, Voltatex® 7345 A ECO Wire Enamel, and its Low Carbon Footprint Sustainable Coating System. These accolades reflect Axalta's focus on sustainability and advanced technology.
Axalta's commitment to sustainable practices is further evidenced by its recent partnership with Solera to integrate its refinish paint systems into Solera’s Sustainable Estimatics platform. This initiative allows customers to estimate their CO2 emissions per repair, supporting eco-conscious decisions and contributing to Axalta's goal of becoming carbon neutral by 2040.
Additionally, Axalta is pursuing strategic growth through acquisitions, as evidenced by its agreement to acquire The CoverFlexx Group. This acquisition is expected to enhance Axalta's refinish business by expanding its product offerings and market reach.
For more information on Axalta Coating Systems Ltd., visit axalta.com and follow the company on LinkedIn and X.
Axalta (NYSE: AXTA) has launched two new products in its Imron® Elite coating solutions line for North America: Imron Elite ColorPLUS and Imron Elite Direct-to-Plastic basecoat. These products aim to enhance durability and performance specifically for commercial transportation vehicles. ColorPLUS boasts a 25-30% reduction in product consumption compared to competitors and shows a 30% improvement in cycle time. The Direct-to-Plastic basecoat simplifies the coating process and enhances adhesion, reducing steps from three to two. These innovations target cost, quality, and efficiency in vehicle coatings.
Axalta (NYSE: AXTA) will announce its fourth quarter and full-year 2020 financial results after market close on February 3, 2021. The financial report will be available on the Investor Relations section of axalta.com. Additionally, a conference call hosted by CEO Robert W. Bryant and CFO Sean Lannon will take place at 8 a.m. EST on February 4, 2021, available online and via dial-in at 201-689-8560. A replay will be accessible through February 11, 2021.
Axalta (NYSE: AXTA) has unveiled its 2021 Global Automotive Color of the Year, named ElectroLight. This vibrant green-yellow hue is designed with innovative features, including reflectivity for enhanced visibility in advanced automotive technologies like LiDAR and radar. The color aims to meet modern consumer desires for personalized automotive aesthetics while conforming to industry safety standards. Axalta emphasizes its commitment to sustainability and technological progress, positioning ElectroLight as a trendsetting choice for both traditional and autonomous vehicles.
Axalta released its 68th annual Global Automotive Color Popularity Report, identifying white (38%), black (19%), and gray (15%) as the leading automotive colors. White has maintained its top position for a decade, while gray reached a 10-year high. Silver's popularity has declined significantly to 9%. This report, based on automotive build data from 2020, helps automakers recognize global trends. Axalta aims to develop innovative colors for the future, reflecting trends in fashion and home décor, including increasing interest in green-blue and green-yellow shades.
Axalta (NYSE: AXTA) has been awarded the Daimler Trucks North America (DTNA) 2019 Masters of Quality supplier award, marking its 10th consecutive year of recognition. This prestigious award honors suppliers who excel in quality, delivery, technology, and cost performance. Joseph Wood, Vice President for Commercial Transportation Coatings at Axalta, expressed pride in the team and commitment to exceptional customer service. Axalta, a leader in the coatings industry, aims to provide innovative solutions across various applications, serving over 100,000 customers globally.
Axalta Coating Systems Ltd. (NYSE: AXTA) announces the appointment of Shelley Bausch as Senior Vice President of Global Industrial Coatings, effective January 1, 2021. Bausch comes with extensive experience in industrial products, having previously worked at Carlisle Companies and led PPG's Industrial Coatings business. CEO Robert W. Bryant expressed confidence in Bausch's ability to drive growth across existing and new markets. This strategic move aims to capitalize on Axalta's industrial sector, enhancing their product portfolio and market presence.
Axalta Coating Systems Ltd. (NYSE: AXTA) announced the appointment of Jeremy Rohen as Senior Vice President of Strategy and Business Development, effective January 18, 2021. Rohen, previously from W. R. Grace & Co., will oversee enterprise strategy and mergers and acquisitions. His background includes managing transformative deals and strategy development. Axalta's President and CEO, Robert W. Bryant, highlighted Rohen's experience as a valuable addition to accelerate the company's growth trajectory.
Axalta Coating Systems Ltd. (NYSE: AXTA) announced the pricing of an upsized offering of $700 million in 3.375% Senior Notes due 2029. The offering was increased by $100 million from the original amount of $600 million. Proceeds will be used to redeem existing $500 million of 4.875% Senior Notes due 2024 and €335 million of 4.250% Senior Notes due 2024, along with associated costs. The closing is expected on November 24, 2020. The offering is regulated under Rule 144A and Regulation S, and securities will not be registered under the Securities Act.
On November 9, 2020, Axalta Coating Systems Ltd. (NYSE: AXTA) announced its intention to offer $600 million in senior unsecured notes to qualified institutional buyers. The proceeds will be used to redeem existing senior notes totaling $500 million and €335 million due in 2024. The offering will be conducted under Rule 144A and Regulation S of the Securities Act, with the expectation that the notes will be fully guaranteed by the company and its subsidiaries. This move aims to optimize its capital structure amid ongoing market conditions.
Axalta Coating Systems (NYSE: AXTA) announced a significant organizational realignment aimed at enhancing performance. This strategy involves shifting decision-making authority to global business units, which will assume full P&L responsibilities. CEO Robert W. Bryant stated that this change is designed to improve accountability and execution. The realignment will lead to the closure of the Philadelphia office, with employees moving to new locations by mid-2021. Effective January 1, 2021, the restructuring aims to streamline operations and better support growth objectives within its Performance and Transportation Coatings segments.
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