YEAR ESTABLISHED: 2013
REVENUE: $4.1 billion (2013: $4.36 billion)
• Automotive OEM
• Collision repair
• Industrial Coatings
• Commercial Transportation
Charles. W. Shaver, chairman and CEO; Robert Bryant, EVP and chief financial officer; Nigel Budden, VP, global customer excellence; Michael Cash, SVP and president, industrial coatings; Jorge Cossio, president, Latin America region; Michael F. Finn, SVP and general counsel; Mattias Schöenberg, president, Europe, Middle East and Africa region; Martin Horneck, SVP and chief procurement and logistics officer; Dan Key, SVP, operations and supply chain; Luke Lu, VP and president, China; Steven Markevich, EVP and president China; Joseph F. McDougall, SVP and chief human resources officer; Rajeev S. Rao, VP, strategy and business development; Sobers Sethi, VP, South and East Asia region; Barry S. Snyder, SVP and CTO; Aaron D. Weis, VP and CIO.
Axalta Coating Systems is a global supplier of coatings to the transportation and industrial sectors. The company posted sales of $4.1 billion for 2015. Transportation Coatings (light vehicle OEM and commercial vehicles) comprised $1.702 billion of sales and Performance Coatings (industrial and refinish) comprised $2.385 billion.
The company currently employs approximately 12,800 people and has 12 locations in Asia-Pacific, nine in Europe, Middle East and Africa, ten locations in North America and seven locations in Latin America (including Mexico) – producing liquid or powder coatings.
The company launched a number of new products to market. Some key highlight for 2015 include:
- Abcite powder coatings, which received NSF/ANSI 61 certification for use in drinking water system componets
- Launched new epoxy primer TRPE35 for the trailer industry
- Voltatex 4204 electrical insulation coatings receive UL global certification
- Launched new Rival products for economy commercial transportation market
- Launch Ganicin zinc-rich coatings.
Michael Cash, President Industrial Coatings
Axalta Coating Systems
In 2016, Axalta Coating Systems is celebrating its 150th year anniversary as a coatings leader. This is an important milestone for our company, as it reinforces our decades of experience in the industry and, just as importantly, our ability to use that foundation for future growth.
In addition to being able to provide our customers with innovative colors and improved performance of our paint coatings, we are able to offer comprehensive support in understanding what their customers are looking for, what their competition can currently offer and help bridge that gap to play an important role in helping our customers gain new business. We’ve been able to mirror this in the industrial coatings segment by launching a significant number of new products, new warranties and new customer programs in the segments we have focused upon over the past year. Our extensive Alesta, Abcite and Nap-Gard powder products along with AquaEC electrocoats, Imron industrial coatings, Ganicin primers and Voltatex Energy Solutions liquid coatings met different niches around the world and have opened up new business opportunities for our customers.
Last year also continued Axalta’s investment for growth story. We commissioned two major expansions that will increase our capacity to produce waterborne coatings, one in the Jiading district of Shanghai and the other at what is already our largest operations center in Wuppertal, Germany. We also announced two major investments that will support Axalta’s product research and development. At The Navy Yard in Philadelphia Axalta will construct a Global Innovation Center which will be the hub of our global research, process development and customer support technologies. We also began construction on a new Technology Center in Shanghai.
It’s an exciting time to be in the coatings industry. Our established focus on scientific and technological development has allowed us to solve increasingly complex coating problems, and offer our customers innovative new products and services.
In Industrial Coatings, our Energy Solutions impregnating resins are used to protect more than 55 percent of electric vehicles, globally. We’ve recently introduced a tin-free technology used in our electrocoat coating AquaEC 6100, to help meet environmental goals. The U.S.-made AquaEC 6100 E-Coat also received Caterpillar approval to their specification 1E2732F. Our products help meet sustainability goals across our Transportation Coatings operations as well. The growing popularity of our waterborne coatings fulfills the increasing interest in low emission coating technology among light vehicle OEMs. Our high solids solventborne coatings enable customers to use existing facilities, including those in China, while still lowering their impact on the environment. As the automotive sector incorporates new substrates to help light-weight vehicles, we’ve moved with them by offering coatings that are formulated for use over plastics and composites.