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Tuesday, 24 September 2019
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Markets & companies, Coatings market

Axalta Coating Systems to invest USD 60 million in Germany

Friday, 28 February 2014

Axalta is expanding the waterborne coatings production at the German site in Wuppertal.

The investment will reinforce the Wuppertal site, already the largest of Axalta’s 35 manufacturing facilities around the world, and Germany as the center of the company’s water-based paint manufacturing operations in its Europe, Middle East and Africa (EMEA) region. Source: Axalta Coating Systems
The investment will reinforce the Wuppertal site, already the largest of Axalta’s 35 manufacturing facilities around the world, and Germany as the...

Axalta Coating Systems, a supplier of liquid and powder coatings, announced a commitment to invest USD 60 million in Wuppertal, Germany to build a next-generation facility that will expand capacity to produce waterborne industrial coatings. Production at the new operations center is expected to begin in the first quarter of 2015.

The investment will reinforce the Wuppertal site, already the largest of Axalta’s 35 manufacturing facilities around the world, and Germany as the center of the company’s water-based paint manufacturing operations in its Europe, Middle East and Africa (EMEA) region. The investment underscores the company’s commitment to environmentally responsible waterborne coatings for the automotive OEM and refinish, commercial transporation, general industrial, and architectural and decorative segments. In addition to manufacturing products for Western Europe, products made in Wuppertal will continue to be exported to Eastern Europe, Asia and Latin America.

"We’re tremendously excited about our ability to build new facilities in Europe and especially in Wuppertal,” explained Axalta Chairman and CEO Charlie Shaver. "Our decision to invest in Germany reflects not only our commitment to our customers but also our confidence in the German and larger EMEA economy,” explained Otmar Hauck, Axalta’s Chief Operating Officer in the EMEA region.

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