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    Top Companies Report

    Axalta Coating Systems

    ...

     Axalta Coating Systems
    07.28.22
    Philadelphia, PA/USA
    www.axaltacoatingsystems.com

    PUBLIC COMPANY; YEAR ESTABLISHED: 2013

    REVENUE: $4.4 billion s (2020: $3.7 billion)

    MARKETS SERVED:

    Automotive OEM; Collision repair; Industrial Coatings; Commercial Transportation

    KEY EXECUTIVES:

    Robert Bryant, CEO and president; Hadi Awada, SVP, Global Mobility; Shelly Bausch, SVP, Global Industrial Coatings; Troy Weaver, SVP, global refinish; Robert Roop, SVP and CTO.

    Axalta Coating Systems, a global supplier of coatings to the transportation and industrial sectors, posted sales of $4.4 billion for 2021. Refinish comprised 40% of sales, Industrial was 30%; Light Vehicle was 23% and Commercial Vehicle was 7%. Axalta has 47 manufacturing locations in 11 countries producing liquid or powder coatings, 48 customer training facilities globally, and employs approximately 12,000 people.

    During 2021, Axalta acquired U-POL Holdings Limited, a leading manufacturer of repair and refinish products used primarily for automotive refinish and aftermarket protective applications. The business produces a wide range of high-quality automotive refinishing products including fillers, aerosols, and adhesives as well as industry leading protective coatings. UPOL sells its products in over 100 countries and is widely known for its leading brands, including Raptor, Dolphin and Gold, among others. In addition, Axalta acquired a producer of wire enamels used in a range of consumer electronics, electric vehicle and industrial applications, based in China.

    Axalta’s key brands

    Axalta has a large color library and several well-known premium brands, including Cromax, Standox, Spies Hecker, Syrox and Raptor, as well as other regional and local brands. Refinish includes Raptor, Dolphin and Gold, among others. Its major Industrial brands include Imron Industrial, Tufcote Industrial, Corlar Industrial, Strenex Industrial, PercoTop, Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED and Ceranamel for liquid coatings and Alesta, Teodur, Nap-Gard, Abcite and Plascoat for powder coatings.

    The Mobility segment includes Harmonized Coating Technologies, including 3-Wet, Eco-Concept and 2-Wet Monocoat, that help OEM customers lower costs by reducing energy consumption while increasing productivity. Its commercial vehicle brands include Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats and AquaEC.

    Axalta introduced 50 new broad product innovations, hundreds of product customizations and new color formulas in 2021. Axalta’s Spies Hecker Waterborne Full System was launched in China. This new auto refinish coating system brings world-class technology to the Chinese refinishing industry by providing a sustainable collision repair system including a waterborne primer, basecoat and clearcoat solution.

    Awards: 

    • 2021 Global Commercial Vehicle Coatings Company of the Year - Frost & Sullivan
    • 2021 GM Supplier of the Year, Paint Category
    • 2021 America's Most Responsible Companies – Newsweek
    • Three 2021 Bronze Edison Awards for: Innovative Services, Sustainability, Engineering & Materials Science. 
    • Axalta’s Radar Transmission Simulator (ARTS) with Color Palette Optimizer for Autonomous Vehicles was named a winner in the 2022 BIG Innovation Awards presented by the Business Intelligence Group (BIG). 

    Axalta Develops Halogen-free Flame Retardant Thermoplastic Anti-corrosion Solution

    Axalta recently launched Plascoat PPA571 FR (Flame-Retardant), a new anti-corrosion coating solution designed to protect buildings and save lives in the event of fires.

    Drawing on decades of experience in thermoplastic technology, Axalta has developed this new coating solution in response to the dual threats of fires and toxic fumes which pose a major threat to human life and well being. Such coatings, which can be deployed in a range of environments, are fire-resistant  and act as a barrier to additional damage caused by the spread of flames.

    Unlike many other flame retardant solutions available on the market, Plascoat PPA571 FR does not contain a halogen constituent, such as chlorine or bromine, which helps to eliminate the presence of toxic fumes and their associated negative environmental impact.

    Plascoat PPA571 FR’s fire-retardant and low toxicity credentials are evidenced by its compliance with a number of industry certifications, including  British Standard 476,  EN 45545-2 European Railway Standard for Fire Safety, British Standard 6853, International Maritime Organization FTPC standard, UL 94 -Tests for Flammability of Plastic Materials for Parts in Devices and Appliances. Recognition by independent organizations underlines the strength of Plascoat PPA571 FR’s performance capability and suitability for use in a range of environments.

    Plascoat PPA571 FR delivers robust protection against sun, salt and sea water, in conjunction with excellent impact and sand abrasion resistance, to provide outstanding performance and aesthetics for steel, iron and aluminum substrates.  
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