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Monday, 16 September 2019
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Markets & companies, Coatings market

Axalta Coating Systems to build waterborne paint production facility in China

Tuesday, 28 May 2013

Axalta Coating Systems will invest over USD 50 million to construct a new facility to manufacture and supply up to 25,000 metric tons of paint to automobile manufacturers that are expanding into south and central China.The plant will be dedicated to production of the company’s waterborne coatings that meet both manufacturer and regulatory environmental standards. Pending final government approvals, construction of the new facility is expected to break ground in the second half of 2013 with production beginning the first quarter of 2015.

Axalta Coatings Systems invests in a automotive coatings production facility in China.  Source: DuPont

Axalta Coatings Systems invests in a automotive coatings production facility in China.  Source: DuPont

"Our Board’s decision – reached only 100 days after becoming an independent company – to invest and grow with our customers reflects our long term commitment to the auto industry in China and around the world,” said Charles Shaver, Chairman and CEO of Axalta Coating Systems. The new facility will be close to customers in the Shanghai area and have easy access to major transportation routes reaching into western and southern areas of the country. This additional facility will complement the manufacturing capacity of Axalta’s flagship OEM coatings manufacturing plant in Changchun that is already accelerating production to meet extraordinary growth in automotive production in China.

Axalta Coating Systems is a global provider of liquid and powder coatings to automotive OEM and refinish, transportation, general industrial and selected architectural and decorative customers. The company manufactures at 35 plants, develops new products and technologies at seven global R&D locations and, at 42 locations around the world, educates customers with training courses. With more than 14,000 employees and USD 4.3 billion in revenue, Axalta Coating Systems, formerly DuPont Performance Coatings, will continue to build on a more than 145 year strong legacy in the coatings industry.

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More information: http://www.pc.dupont.com

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