Axalta invests in the production expansion for water-borne coatings in Shanghai
Expected to be operational by early 2021, this expanded facility is supposed to position Axalta to meet rising demand for coatings from automotive and industrial customers across southern and eastern China.
“Vital to the current and future growth of Axalta”
“This investment into water-borne coatings production is vital to the current and future growth of Axalta. Maintaining a leading position in the global waterborne coatings market is critical for Axalta and one that we intend to invest in for our long-term success,” said Steven Markevich, Executive Vice President and President, Transportation Coatings and Greater China.
He continued: “As the Chinese market for automobiles and industrial goods continues to grow, evolve, and mature, we believe this investment will place us in an ideal position to meet growing demand among our customers for sustainable products and innovative applications across southern and eastern China. This new milestone will enable us to stay at the forefront of delivering the latest generation of waterborne coating products and positions us for future technology advances and customer requirements.”