Welcome to our dedicated page for Axalta Coating Systems Ltd. news (Ticker: AXTA), a resource for investors and traders seeking the latest updates and insights on Axalta Coating Systems Ltd. stock.
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 Coating Systems (NYSE: AXTA) has achieved notable recognition at the 2023 Edison Awards, winning Gold for its Abcite® 2060 Flame Spray Powder Coating in the Sustainability category and the Self-Priming Kitchen Cabinet Coating in the Material Science category. Additionally, Axalta's AquaEC® Flex received a Bronze award for Smart Transportation. These awards reflect Axalta's dedication to sustainable innovation, with Abcite® 2060 eliminating VOC emissions and streamlining coating processes for customers. The Edison Awards, established in 1987, honor the most innovative products and services. Axalta, a leader in the coatings industry, continues to focus on providing sustainable solutions globally.
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