Axalta Hosts Investor Day in New York City
December 4, 2015
Updates Guidance Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, is hosting an “Analyst and Investor Day” today in New York City. Members of management will present an overview of Axalta Coating Systems Ltd. and will comment on the current business outlook, including an update on 2015 full year expected financial results, as well as provide certain preliminary guidance related to the 2016 outlook, among other items on the agenda. A live webcast of the event will be available online at http://goo.gl/Vlix08 . The event will begin at 9:00 AM EST and will conclude at 12:15 PM EST . Key updates on financial guidance are provided below, and are further detailed in the full slide presentation for the event, which is also available on the investor relations portion of our corporate website via the above link. 2015 Full Year Outlook We are updating our outlook for the full year 2015, including: Net sales growth of 5% in constant currency; down mid-single...
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Axalta Announces Mike Carr Joins as President of its North America Business
November 16, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has appointed Mike Carr as Vice President and President, North America . Mr. Carr will report to Axalta Chairman and CEO Charlie Shaver and be responsible for the company’s business in the U.S. and Canada . This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151116006527/en/ Michael (Mike) L. Carr , Vice President and President, North America (Photo: Axalta) “I’m very pleased to have Mike join our ranks to lead our North America business moving forward,” explained Shaver. “North America is a key region for our combined businesses. Mike’s broad experience in the automotive sector and his many positions operating in business-to-business environments make him ideally suited to spearhead our growth strategy and continue to integrate our resources to enhance our productivity and customer focus.” Axalta’s North America operations are home...
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Axalta Announces Lori Ryerkerk Joins Board of Directors
November 2, 2015
Axalta Coating Systems (NYSE: AXTA), a leading provider of liquid and powder coatings, is pleased to announce that Ms. Lori Ryerkerk has joined the company’s Board of Directors. Ms. Ryerkerk is Executive Vice President, Global Manufacturing for Royal Dutch Shell (Shell), based in the U.K. , where she is responsible for the operations of all Shell refining and chemical wholly owned and operated assets and joint ventures. “Lori’s extensive, global experience in operations and manufacturing provides a superb complement to our Board,” explained Charlie Shaver, Axalta’s Chairman and CEO. “Our global operations footprint will benefit significantly from Lori’s background in managing chemical facilities, complex engineering systems and an array of environment, health and safety protocols around the world. Her experience in the petrochemical industry will also provide valuable insights into our raw materials procurement strategies.” Before moving to her current position, Ms. Ryerkerk was...
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Axalta Coating Systems Opens Dual Refinish and Powder Coatings Learning and Development Center in Houston, Texas
October 29, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today opened a first-of-its kind dual Refinish and Powder Coatings Learning and Development Center in Houston, Texas . The Center, built adjacent to Axalta’s powder coatings manufacturing plant, serves Axalta’s collision repair and commercial coatings customers by providing the latest learning and development programs designed to improve technician and business performance. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151029006627/en/ Axalta guest sprays paint in new booth at Axalta’s Houston Refinish and Powder Coatings Learning and Development Center (Photo: Axalta) The Learning and Development Center is expected to attract thousands of collision repair professionals to the Houston area for multi-day classes that provide students with classroom education and hands-on experience. The center features three classrooms equipped...
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Axalta Releases Third Quarter 2015 Results
October 28, 2015
Net sales of $1.0 billion, a 3.1% year-over-year increase before unfavorable foreign currency translation Adjusted EBITDA of $216.9 million with Adjusted EBITDA margin of 21.7% versus 20.6% in Q3 2014 Free cash flow generation of $122 million with $100 million debt prepayment made subsequent to quarter end Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2015 . Charles W. Shaver, Axalta’s Chairman and Chief Executive Officer, commented that “Axalta produced a solid third quarter, including ongoing volume growth and margin expansion, which enabled us to exceed the mid-point of our Adjusted EBITDA guidance for the period. This result was delivered notwithstanding persistent foreign exchange headwinds for our global businesses, which masked otherwise strong profit growth in nearly all segments and regions. Although we also faced some challenges in the quarter from the...
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Axalta Expands Capabilities to Supply Automotive OEMs in India
October 12, 2015
Investment will double production capacity and establish coatings development laboratory Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, is expanding its presence in India with investments that will enable the company to double production capacity and construct an automotive OEM coatings development laboratory at its operations center in Savli in Gujarat State. The added capacity will enable Axalta to meet the need for additional coatings among light vehicle automotive original equipment manufacturers (OEMs) in India. The Savli facility will continue to manufacture coatings for Axalta’s refinish, automotive parts and commercial vehicle customers. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151012005858/en/ Axalta Chairman & CEO Charlie Shaver and local executives break ground on construction of new manufacturing and coatings development facilities in Savli (Photo:...
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Axalta Coating Systems and Hendrick Motorsports Extend Relationship with Multi-Year Agreement
October 6, 2015
Long-Time Sponsorship Continues Through 2018 with No. 88 Team Axalta Coating Systems (NYSE: AXTA) will continue its longstanding partnership with Hendrick Motorsports after agreeing to a contract extension that will expand its presence and take one of the most enduring sponsorships in NASCAR® through 2018. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151006006242/en/ Dale Earnhardt Jr. (Photo: Axalta) Beginning in 2016, Axalta will become a primary sponsor of the No. 88 Chevrolet SS team of driver Dale Earnhardt Jr. for 13 Sprint Cup Series races annually, an increase of three per season. Axalta will also be featured as a major associate sponsor during all non-primary events. The agreement extends a multi-faceted partnership - now in its 23rd full season - that began in November 1992 when the company first sponsored driver Jeff Gordon and his No. 24 Hendrick Motorsports team. Gordon, who is in the midst of his final...
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Axalta Schedules Annual Investor and Capital Markets Day
October 1, 2015
Axalta Coating Systems (NYSE: AXTA) is pleased to announce that it will host its annual analyst and capital markets day in New York City on December 4, 2015 . The event is scheduled to begin at 8:30 AM and will conclude at noon. Speakers from Axalta will include Charles W. Shaver , Chairman and Chief Executive Officer, and Robert W. Bryant , Executive Vice President and Chief Financial Officer, as well as other key Axalta executives. There will be an audio webcast of the event along with presentation slides that will be available at the time of the event, accessible via the Events and Presentations page of Axalta’s Investor Relations website. About Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, automotive refinish and commercial vehicles to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion,...
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Axalta Schedules Third Quarter 2015 Results Conference Call
October 1, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) will host a conference call for its third quarter 2015 financial results at 8:00 a.m. EDT on Wednesday, October 28, 2015 . Charles W. Shaver , Chairman and Chief Executive Officer, and Robert W. Bryant , Executive Vice President and Chief Financial Officer, will review the company's financial performance for the period. The U.S. dial-in phone number for the conference call is (877) 407-0784 and the international dial-in number is +1 (201) 689-8560. A live webcast of the conference call will also be available online at http://ir.axaltacs.com. For those unable to participate in the conference call, a replay will be available through November 4, 2015 . The U.S. replay dial-in phone number is (877) 870-5176 and the international replay dial-in number is +1 (858) 384-5517. The replay passcode is 13621709. About Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful,...
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Axalta's Steven Markevich Promoted to Executive Vice President
October 1, 2015
Will lead operations in Greater China and continue as President, Transportation Coatings Axalta Coating Systems (NYSE: AXTA) is pleased to announce that Steve Markevich has been promoted to the position of Executive Vice President. In this new role, Mr. Markevich will continue as President of the company's transportation coatings business and now also be responsible for all of Axalta's operations in greater China. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151001006684/en/ Steve Markevich, Executive Vice President, Axalta Coating Systems (Photo: Axalta) China presents many opportunities for the sustained growth of coatings applications. It is an important market for the production of both light and commercial vehicles. These vehicles fuel the need for Axalta’s refinish coatings that serve the collision repair industry and commercial fleet owners. China’s development also requires a variety of industrial coatings...
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Axalta Leads Discussion on Improved Performance Through Enhanced Coatings at European Automotive Coatings Conference
September 25, 2015
At the recent European Coatings Conference on Automotive Coatings on September 24 and 25 in Düsseldorf, Germany , Dr. Klemens Bartmann , Global Technology Director at Axalta Coating Systems (NYSE: AXTA), a leading supplier of liquid and powder coatings, discussed how today’s advanced automotive coatings can favorably affect vehicle performance and fuel economy, benefitting both drivers and original equipment manufacturers (OEMs). The conference focused on automotive performance beyond the engine and how modern coatings can contribute to performance. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150925005782/en/ Dr, Klemens Bartmann , Global Director of Technology, Axalta Coating Systems (Photo: Axalta) Bartmann’s presentation, titled Between Standardisation and Differentiation: How Advanced Coating Solutions Meet OEM Market Trends, examined three challenges and solutions for the OEM market: lightweight body materials...
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Axalta Introducing Sustainability-Boosting Harmonized Coating Technologies to China Car Makers at SURCAR Shanghai
September 17, 2015
New coatings process designed to help auto makers simplify paint processes lowering emissions and reducing costs Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, will showcase its Harmonized Coating Technologies™, a consolidated coating system, in China at the SURCAR 2015 automotive body finishing show in Shanghai. Combining latest generation waterborne coatings with established high solid coatings, Axalta’s Harmonized Coating Technologies aim to meet the emerging needs of light vehicle original equipment manufacturers (OEMs) to achieve more sustainable and efficient car manufacturing. At SURCAR Shanghai, Axalta will debut two new application systems for customers in China under the Harmonized Coating Technologies umbrella: an upgraded 3-Wet Waterborne system and High Solid 2-Wet Monocoat system. Each system responds to different customer needs for high-performance, quality and flexibility. The systems share the ability to reduce the number...
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Axalta Coating Systems to Present at Credit Suisse 28th Annual Basic Materials Conference 2015
September 16, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) announced today that Robert Bryant , Executive Vice President and Chief Financial Officer, and Christopher Mecray , Vice President Investor Relations, will present at the following event: 28th Annual Basic Materials Conference Credit Suisse One Madison Avenue Auditorium New York, NY September 18, 2015 Presentation: September 18, 2015 at 10:20 AM EDT There will be no audio webcast of the presentation available; however the presentation slides will be available at the time of the event and can be accessed on the Events and Presentations page of Axalta’s Investor Relations website. About Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and...
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Axalta Coating Systems appoints new Vice President and President for Europe, Middle East and Africa
September 16, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has appointed Matthias Schönberg as Vice President of Axalta and President of its Europe , Middle East and Africa (EMEA) region. He takes up his position on October 1, 2015 . This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150916005847/en/ Matthias Schönberg, incoming Axalta Vice President and President of EMEA region (Photo: Axalta)) Schönberg’s role will be to drive the EMEA region’s growth strategy. He will continuously develop Axalta in order to further advance the quality products and outstanding services the company’s customers have come to expect. He joins Axalta from Continental AG where he held numerous leadership positions including, most recently, as CEO of its ContiTech Fluid Technology business and Executive Vice President of Continental AG. During Schönberg’s 17 year tenure with Continental AG, he was well versed...
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Axalta Coating Systems Will Locate New Global Innovation Center at The Navy Yard in Philadelphia
September 9, 2015
Global Innovation Center to be Hub of Company's Worldwide R&D and Dynamic Addition to Business Campus Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced today that its new Global Innovation Center will be located at The Navy Yard in Philadelphia. The 175,000 square foot facility will be home to Axalta’s global research, product development, and technology initiatives and partner with the Company’s other technology centers in the Americas, Europe and Asia-Pacific. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150909006708/en/ Axalta Chairman and CEO Charlie Shaver (Photo: Axalta) The project is being developed by Liberty Property Trust and Synterra Partners , and Axalta has entered into a long-term lease agreement for the building. Project construction is expected to be complete in late 2017. Upon reaching full operation in 2018, Axalta will bring at least 190 new...
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Axalta Coating Systems Announces Customer Experience Center to Open in Concord, North Carolina
September 8, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced during a groundbreaking ceremony today that it will construct its new Customer Experience Center in Concord, North Carolina . The 45,000-square-foot facility will serve Axalta’s refinish, light vehicle OEM and industrial customers. The facility will provide the latest customer training resources for refinish technicians located, especially, in the mid-Atlantic region. The center will also house meeting and conference rooms for customers to participate in coatings-related training and development programs. The new facility will be located on the campus of Hendrick Motorsports just outside Charlotte . Axalta is a 23-year sponsor of Hendrick Motorsports’ racing program. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150908006801/en/ L-R: Owner of Hendrick Motorsports and Chairman of Hendrick Automotive Group , Rick...
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Axalta Coating Systems to Present at KeyBanc Basic Materials Conference
September 1, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) announced today that Robert Bryant , Executive Vice President and Chief Financial Officer, and Christopher Mecray , Vice President Investor Relations, will present at the following event: KeyBanc Basic Materials and Packaging Conference InterContinental Hotel 510 Atlantic Avenue Boston, MA 02210 September 3, 2015 Format: Small Group Meetings Only There will not be an audio webcast of the presentation, but presentation slides will be posted and can be accessed on the Events and Presentations page of Axalta’s Investor Relations website. About Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer....
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Axalta Coating Systems Wins Contract for Restoration of Panama Canal
August 31, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has won a four-year contract to supply industrial coatings and architectural building paint which will be used to restore and sustain different buildings and the locks of the Panama Canal . This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150831005611/en/ Panama Canal (Photo: Axalta) ”The Panama Canal is one of the most important engineering works in history, an iconic engineering achievement,” explained Alfredo Villalobos, Latin America Industrial Coatings Director. “The canal will now be restored with some of the most advanced industrial coating products in the world, applications that will extend the productive lifespan of the Canal Zone as a key asset in international trade.” Several different Axalta coating products, each formulated to meet the needs of different materials, will be used to reinvigorate the largest canal in...
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Axalta Prices Secondary Offering
August 11, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) has priced a secondary offering of 30,000,000 of its common shares at $29.75 per share. All of the shares are being offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 common shares. Axalta will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares. Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities. A registration statement relating to these securities has been filed with, and declared effective on August 11, 2015 by, the...
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Axalta Commences Secondary Offering
August 10, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) has commenced a secondary offering of 30,000,000 common shares. The shares will be offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The offering is being made pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission . The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 common shares. Axalta will not receive any of the proceeds from the offering of shares by the selling shareholders. Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the proposed secondary offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities. Copies of the preliminary prospectus relating to the...
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Axalta Releases Second Quarter 2015 Results
August 4, 2015
Net sales of $1.1 billion, an increase of 8.2% versus Q2 2014 excluding negative foreign currency translation Adjusted EBITDA of $255.5 million increased 15.6% from $221.1 million in Q2 2014, with an Adjusted EBITDA margin of 23.4% up from 19.6% in Q2 2014 Volume growth of 5% year-over-year overall with growth in all regions and all segments Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2015. “We are very pleased with our second quarter results, which beat our expectations in most business areas as we continue to execute our strategy of unlocking Axalta’s growth potential while also maximizing overall business efficiency and profitability. Progress on both of these core goals was made during the quarter, with volumes growing solidly and our productivity plans on target. In spite of a challenging economic backdrop in certain countries and ongoing volatility in...
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Axalta Coating Systems Names David Grimes Vice President of Global Automotive Plastic Components Business
July 21, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has named David Grimes to the newly created role of Global Vice President of its Automotive Plastic Components (APC) business. In this position, Grimes will provide global strategy for the APC business to help drive growth across regions and work with research and development teams to continue to create products that help our customers exceed their objectives. Automakers are increasingly looking to plastic and other new materials as they work to help satisfy fuel economy goals by enabling production of lighter weight vehicles. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150721005064/en/ David Grimes-Axalta Global Vice President, Automotive Plastic Components (Photo: Axalta) “Around the globe, new materials are enhancing vehicle performance. Axalta is and will continue to be a leader in this segment as we operate as a...
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Axalta Schedules Second Quarter 2015 Results Conference Call
July 17, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) will host a conference call for its second quarter 2015 financial results at 8:00 a.m. EDT on Tuesday, August 4, 2015 . Charles W. Shaver , Chairman and Chief Executive Officer, and Robert W. Bryant , Executive Vice President and Chief Financial Officer, will review the company's financial performance for the period. The U.S. dial-in phone number for the conference call is (877) 407-0784 and the international dial-in number is +1 (201) 689-8560. A live webcast of the conference call will also be available online at http://ir.axaltacs.com. For those unable to participate in the conference call, a replay will be available through August 18, 2015 . The U.S. replay dial-in phone number is (877) 870-5176 and the international replay dial-in number is +1 (858) 384-5517. The replay passcode is 13615105. Cautionary Statement Concerning Forward-Looking Statements This release may contain certain forward-looking statements regarding Axalta and its...
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Axalta Coating Systems receives Volvo Cars Quality Excellence Award
July 7, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, was presented with the Volvo Cars Quality Excellence (VQE) Award at a dedicated ceremony held at Axalta’s Wuppertal, Germany , site on June 30, 2015 . This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150707006324/en/ From left to right: Albrecht Luick , Axalta’s Business Director OEM in Europe , Middle East & Africa , Dr. Norbert Weckes , Axalta’s plant manager in Wuppertal, Lennart Kajupank, Specialist - Paint & Surface Treatment at Volvo Car Corporation , Sweden and Chen Ming , Supplier Quality Manager, Volvo Car Corporation , China (Photo: Axalta Coating Systems ) The VQE Award is given to those companies that meet the Award requirements and score 100% on a set of criteria, as defined by Volvo Cars, that measure excellence in different operational areas, including Trust, Logistics and Certificates. Patrick de Wolf ,...
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Axalta Coating Systems Acquires Metalak, Spies Hecker importer in the Netherlands and Belgium
July 3, 2015
On 1 July, 2015 , Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, completed the acquisition of Metalak Benelux B.V. For more than 60 years, Metalak has been the exclusive distributor of Axalta’s Spies Hecker ® refinish coating products sold in the Netherlands and in Flanders, Belgium . Formerly a privately owned company, Metalak has offices in Bornem, Belgium and in Tiel, the Netherlands and will continue to operate under the Metalak name. The agreement will take effect immediately. Dirk Lippens, Country Business Manager for Axalta in the Benelux, says, “Metalak has been operating successfully in the premium segment of the refinish market in the Netherlands and in Belgium for many years, and has established long-term relationships with hundreds of independent body shops and several repair networks. This acquisition strengthens Axalta’s position in the market and is designed to optimise our operational infrastructure while at the same time...
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Axalta Commissions New Waterborne Facility at Wuppertal, Germany, Operations Center
June 24, 2015
Facility engineered to meet demand for high-quality, environmentally responsible coatings Axalta Coating Systems (NYSE:AXTA), a leading global supplier of liquid and powder coatings, commissioned its new waterborne manufacturing facility in Wuppertal, Germany, nine months after ground was broken on the project. The facility further expands Axalta’s substantial operations in Wuppertal and reflects Axalta’s commitment to produce environmentally responsible waterborne coating technology, for which there is a growing demand. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150624005733/en/ Axalta Chairman & CEO Charlie Shaver and Otmar Hauck, Chief Operating Officer for Europe, Middle East & Africa, start production of the new waterborne coatings facility in Wuppertal, Germany (c) Axalta “Wuppertal has now become the center of waterborne production for Axalta’s Europe , Middle East and Africa region. Wuppertal is...
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Axalta demonstrates Voltatex high performance insulation coatings for electric vehicles at CWIEME in China
June 24, 2015
Coatings enhance motors and generators while providing superior performance and lower energy consumption Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, introduces its Voltatex® family of insulation coatings at the Coil Winding, Insulations & Electrical Manufacturing Exhibition (CWIEME) in Shanghai June 23- 24, 2015. Voltatex products have been tailor-made to enhance the performance, reliability and durability of motors and generators in China to respond to the increased demand for new electric cars and public transportation vehicles in the market. Voltatex innovative impregnating resin solutions will also be on display for use in the electromagnetic, insulation materials, coil, electric motor and transformer manufacturing industries. The Voltatex family of insulation products is comprised of wire enamels, impregnating resins and core sheet varnishes for use in electric motors, generators and transformers. Voltatex wire enamels are...
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Axalta Coating Systems Examines How Lightweight Body Design is Leading to New Levels of Innovation in Coatings at SURCAR 2015
June 22, 2015
Dr. Klemens Bartmann , Global Director Technology OEM for Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, spoke at the 28 th International Conference on Automotive Body Finishing (SURCAR) in Cannes, France . Bartmann’s speech concentrated on Axalta’s lightweight multi-substrate body design and low bake coatings, and outlined how Axalta is creating new levels of technological innovation by working to provide sustainable manufacturing processes for automotive original equipment manufacturers (OEMs). This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150622005680/en/ Axalta's Klemens Bartmann presents at SURCAR 2015 on lightweight component coatings ©Photos Michel Johner For 50 years, SURCAR has been the world’s leading congress on automotive body finishing and is held in Cannes and Shanghai. The conference brings together an international audience of decision-makers and experts in...
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Axalta Develops Ganicin, New Zinc-Rich Coating System
June 15, 2015
Coating designed for excellent corrosion protection on steel surfaces To help protect your assets in environments where high levels of corrosion protection are needed, Axalta Coating Systems (NYSE: AXTA), a leading global manufacturer of liquid and powder coatings, is pleased to introduce Ganicin™, a zinc-rich, corrosion-resistant coating system for the general industrial segment. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150615005207/en/ Axalta introduces Ganicin 2.8 ZR-U zinc-rich polyurethane primer for general industrial use. (Photo: Axalta) Ganicin is a new industrial product line that includes zinc-containing urethane and epoxy primers that are designed to be highly corrosion-resistant. The first product being released is Ganicin 2.8 ZR-U™, a polyurethane primer produced from organic, solvent-based technology that is formulated to provide excellent corrosion protection at 2.8 lbs/gal volatile organic compound...
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Axalta Becomes the Exclusive Supplier of Transportation Operator Hoau Group to Repaint Its Logistics Fleet with New Corporate Image
June 9, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced today that China’s prominent freight and transportation operator Hoau Group has appointed Axalta as the exclusive supplier for its corporate rebranding program to re-paint Hoau’s fleet of heavy duty trucks. Axalta’s Nason ® refinish systems will be used to re-spray Hoau Group trucks. As a pioneer in the Chinese freight transportation industry, Hoau Group has recently unveiled its new corporate image. Founded in 1995, Hoau Group is a leading freight and transportation company in China. Hoau has 54 transit hubs and 1,500 commercial networks in over 600 cities across China. After several rounds of testing, Hoau chose Axalta’s Nason refinish systems to re-spray all its trucks with its new brand image. Hoau will spray it trucks with its Axalta’s Nason Bus Surfacer and Top Coat products, which provide vivid colors, fast drying performance and excellent durability. Nason’s superior quality...
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Axalta Coating Systems to Present at Barclays High Yield Bond and Syndicated Loan Conference
June 9, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) announced today that Robert Bryant , Executive Vice President and Chief Financial Officer, and Karyn Rodriguez , Vice President and Treasurer, will present at the following event: Barclays High Yield Bond and Syndicated Loan Conference The Broadmoor Hotel 1 Lake Avenue Colorado Springs, CO June 10-12, 2015 Presentation: June 11, 2015 at 1:25 PM MDT There will be an audio webcast of the presentation available along with presentation slides that will be available at the time of the event and can be accessed on the Events and Presentations page of Axalta’s Investor Relations website. Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable...
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Axalta Coating Systems to Present at Deutsche Bank Global Industrials and Basic Materials Conference
June 1, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) announced today that Charles Shaver , Chief Executive Officer, and Christopher Mecray , Vice President Investor Relations, will present at the following event: Deutsche Bank Global Industrials and Basic Materials Conference The Westin Chicago River North 320 North Dearborn Street Chicago, IL June 3-4, 2015 Presentation: June 3, 2015 at 3:00 PM CDT There will be an audio webcast of the presentation available along with presentation slides that will be available at the time of the event and can be accessed on the Events and Presentations page of Axalta’s Investor Relations website. Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable...
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Axalta Has the World’s Second Largest Radio Telescope Covered Thanks to a Unique, Bespoke Coating
May 8, 2015
PercoTop reaches for the stars This spring Axalta Coating Systems (NYSE: AXTA), one of the leading global suppliers of liquid and powder coatings, has once again produced a special coating for the radio telescope in Effelsberg, Germany, one of the largest, fully-steerable radio telescopes in the world, and the most powerful for short-wave radiation. The Effelsberg telescope is used to observe pulsars, cold gas and dust clusters, star formations, jets of matter emitted by black holes, and the nuclei of far-off galaxies. It is also used as part of a worldwide network of radio telescopes for astronomic observations at the highest resolutions. Axalta's PercoTop coating used on radio telescope in Effelsberg, Germany (Photo: Business Wire) Axalta helps to protect the telescope from weathering and UV radiation with a matte-white polyvinylic coating called PercoTop® CS551 Foliflex Topcoat. This specially-formulated, tailor-made coating has been applied to the telescope approximately every 18...
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Axalta Releases First Quarter 2015 Results
May 6, 2015
Net sales of $1.0 billion, an increase of 5.2% excluding negative currency translation versus Q1 2014 Adjusted EBITDA of $182.0 million with an Adjusted EBITDA margin of 18.4%, an increase of 60 basis points versus 17.8% in Q1 2014 Jiading, China expansion operational and ramping up with Light Vehicle volumes Successful completion by Carlyle of the sale of 66 million shares in two transactions (20 million via private placement to Berkshire Hathaway, Inc. ), increasing our free float to approximately 55% of total market capitalization Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the first quarter ended March 31, 2015. “We have started 2015 with a solid quarter that met our net sales and exceeded our Adjusted EBITDA expectations, in spite of significant currency headwinds on a sequential and year-over-year basis. The global automotive refinish markets remain stable and supportive, while growing global new...
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Axalta Coating Systems to Present at Goldman Sachs Basic Materials Conference 2015
May 1, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) announced today that Robert Bryant , Executive Vice President and Chief Financial Officer, and Christopher Mecray , Vice President Investor Relations, will present at the following event: Goldman Sachs Basic Materials Conference 2015 Goldman Sachs Conference Center 200 West Street New York, NY May 19-20, 2015 Presentation: May 20, 2015 at 11:45 AM EDT There will be an audio webcast of the presentation available along with presentation slides that will be available at the time of the event and can be accessed on the Events and Presentations page of Axalta’s Investor Relations website. Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and...
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Axalta Wins Green Repair Innovative Product Award in China
April 30, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has won the Green Repair Innovative Product Award from one of China’s leading automotive publications, Auto Maintenance & Repair Magazine , recognizing Axalta’s Cromax ® Pro waterborne refinish products for their selection of sustainable coatings solutions for the automotive refinish industry. Auto Maintenance & Repair Magazine is published by the China Automotive Maintenance and Repair Trades Association (CAMRA), an industry association with over 500 corporate and individual members that include body shops, repair workshops, and R&D and automotive testing institutes. CAMRA sponsored the award. The award evaluation, initiated in October 2014 , took place over a six-month period in a process that involved preliminary screening of entries, expert evaluations, and an open voting through the magazine’s website. Over 300,000 votes were cast during the voting period. “Receiving this...
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Axalta Builds a New Asia-Pacific R&D Technology Center in Shanghai
April 28, 2015
Strengthening Innovation Leadership in the Coatings Industry Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has begun construction on a new Asia-Pacific R&D and Technology Center. The new facility, which has been approved by Axalta’s Board of Directors, will be located in Shanghai’s Minhang Industrial Development District. The Center will feature product development and application laboratories as well as technical support capabilities that will serve the company’s global light vehicle OEM, commercial vehicle, refinish and industrial customers. The new facility, which is scheduled to open in the second quarter of 2016, will also house the company’s global refinish color development center and a new training center for the company’s refinish customers. The new 15,500 m 2 (165,000 ft 2 ) facility will be designed for the over 500 Axalta personnel engaged in our R&D, product development and technology support across the Asia-Pacific...
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Axalta Coating Systems in Australia Wins Contract in Support of Significant Australian Defence Force Contract
April 24, 2015
Australia operations of Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has signed an agreement with Rheinmetall MAN Military Vehicles Australia (RMMVA) to provide coating products for over 2,500 Australian military logistic vehicles being produced as part of the Australian government’s LAND 121 Phase 3B Defence Project . Rheinmetall is a global leader in the supply of military vehicles. The agreement was reached based on Axalta’s capability to develop and manufacture specific end-use coatings required especially by the project. “This is the first defense contract of such magnitude for Axalta and signals another important step in our company’s growth strategy,” explained Sobers Sethi, Vice President for Axalta’s South and East Asia region. “Backed by a century and a half of product innovation and thought leadership, Axalta is well-placed to meet the critical needs of this important project and we look forward to a strong working...
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Axalta Schedules First Quarter 2015 Results Conference Call
April 16, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) will host a conference call for its first quarter 2015 financial results at 8:00 a.m. EDT on Wednesday, May 6, 2015 . Charles W. Shaver , Chairman and Chief Executive Officer, and Robert W. Bryant , Executive Vice President and Chief Financial Officer, will review the company's financial performance for the period. The U.S. dial-in phone number for the conference call is (877) 407-0784 and the international dial-in number is +1 (201) 689-8560. A live webcast of the conference call will also be available online at http://ir.axaltacs.com. For those unable to participate in the conference call, a replay will be available through May 20, 2015 . The U.S. replay dial-in phone number is (877) 870-5176 and the international replay dial-in number is +1 (858) 384-5517. The replay passcode is 13607627. Cautionary Statement Concerning Forward-Looking Statements This release may contain certain forward-looking statements regarding Axalta and its...
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Axalta Announces Sale of Shares to Berkshire Hathaway
April 7, 2015
Axalta Coating Systems Ltd. (NYSE:AXTA) today announced that an affiliate of Berkshire Hathaway Inc. (“Berkshire Hathaway”) has entered into a definitive stock purchase agreement with certain affiliates of The Carlyle Group (“Carlyle”) for the purchase of a total of 20 million of Axalta’s common shares for an aggregate purchase price of $560 million , or $28.00 per share. Axalta will not receive proceeds from the sale of the shares. In connection with the purchase, Berkshire Hathaway agreed that it would not dispose of the shares for 90 days following the consummation of the sale. Axalta has agreed to provide Berkshire Hathaway with certain registration rights following the expiration of that 90-day period. The shares are being offered and sold in a private placement pursuant to Section 4 of the Securities Act of 1933, as amended (the "Securities Act"). The shares have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be...
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Axalta Prices Secondary Offering
April 1, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) has priced and upsized its secondary offering from 35,000,000 to 40,000,000 of its common shares at $28.00 per share. All of the shares are being offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 common shares. Axalta will not receive proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares. Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities. A registration statement relating to these securities has been filed with, and declared effective on April 1, 2015...
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Axalta Commences Secondary Offering
March 30, 2015
Axalta Coating Systems Ltd. (NYSE: AXTA) has commenced a secondary offering of 35,000,000 common shares. The shares will be offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The offering is being made pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission . The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 5,250,000 common shares. Axalta will not receive any of the proceeds from the offering of shares by the selling shareholders. Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the proposed secondary offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura and SMBC Nikko. Copies of the preliminary prospectus relating to the proposed secondary offering may be...
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Axalta's Powder Joint Venture in China Named "Excellent Business Partner" by Press Metal International
March 19, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, was recognized by Press Metal International Ltd. with its “Excellent Business Partner” award granted to Axalta’s powder coating Axalta Huajia Coatings Ltd. joint venture in China . Axalta Huajia is a joint venture that Axalta shares with Huangshan Yongjia Group Co. Ltd. The prestigious “Excellent Business Partner” award was presented to Axalta Huajia at Press Metal’s celebration to commemorate its 10th anniversary of doing business in China . Axalta Huajia representatives with GM of Press Metal (Left to right: Press Metal International General Manager Lin Tingjian, Axalta Huajia South China Business Manager Fu Ming, Axalta Huajia Marketing Director Xiao Zhan, Axalta Huajia South China Sea Manager Yu Suning) (Photo: Business Wire) Press Metal International is one of the largest exporters of aluminum products in China . Since 2008, Axalta has worked with Press Metal as a strategic partner in...
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Axalta Releases Fourth Quarter and Full Year 2014 Results
March 10, 2015
Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2014. Key Fourth Quarter 2014 Highlights: Net sales of $1.1 billion, an increase of 5.1% excluding negative foreign currency impacts compared to the fourth quarter of 2013 Adjusted EBITDA of $205 million, an increase of 3.7% over prior year Net Debt to Adjusted EBITDA of 4.0x as of December 31, 2014, a reduction of 0.7x versus prior year Successfully completed IPO in November 2014 Key Full Year 2014 Highlights: Net sales of $4.4 billion, an increase of 4.0% excluding negative foreign currency impacts compared to prior year Pro Forma results Adjusted EBITDA of $841 million, an increase of 14.0% over prior year Pro Forma results Completed with transition-related activities and associated costs from DuPont “We are pleased with the results that we achieved in the fourth quarter and for the full year. While we...
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Axalta Coating Systems in Brazil Wins Hyundai Supplier Award
March 10, 2015
Axalta named best supplier in Excellence in Purchasing category Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, won Hyundai’s best supplier award recently in the Excellence in Purchasing category at the second annual Supplier of The Year event, held recently in Piracicaba, Brazil. “We are very proud to have received this prestigious award,” explains Mateus Aquino , OEM Business Director for Axalta in the Southern Cone. “The recognition underscores the close collaboration between the Hyundai and Axalta teams, and it gives us a very clear indication that Hyundai is happy with what we deliver. We share Hyundai’s values and we understand its business culture so we are able to address its needs on a commercial front as well as on a technical one. In order to have such a successful relationship we are constantly adapting and improving our products which helps to engender trust between our two companies at every touch-point.” Nominees in all...
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Axalta Coating Systems Earns General Motors "Supplier of the Year" Award
March 9, 2015
Axalta Coating Systems (NYSE: AXTA), a leading manufacturer of liquid and powder coatings, was named a “Supplier of the Year” by General Motors (GM) at its Supplier of the Year awards ceremony last week. Winning suppliers from around the world received the award for going above and beyond GM’s requirements, which are designed to provide customers with the most innovative technologies and the industry’s best quality. “These companies are the best-of-the-best suppliers and deserving of special recognition for their outstanding contributions,” said Steve Kiefer, GM Vice President, Global Purchasing and Supply Chain. “We need them to continue to bring us their most innovative technologies, highest quality services and work, and we will continue to win together for the benefit of our customers.” GM recognized 78 of its best global suppliers last Thursday evening during its 23rd annual Supplier of the Year awards ceremony. The Supplier of the Year award winners are chosen by a global team...
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Christopher Mecray Joins Axalta Coating Systems as Vice President Investor Relations
March 3, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, is pleased to announce that Mr. Christopher Mecray has joined the company as Vice President of Investor Relations. In this new position at the company, Mr. Mecray will be responsible for building the investor relations function and positioning Axalta among both buy- and sell-side analysts. “Now that Axalta is a publicly traded company, we want to ensure a high level of ongoing dialogue with the company’s stakeholders and the broader investment community,” explained Robert Bryant, Axalta’s Executive Vice President and Chief Financial Officer. “Chris’ extensive experience in equity analysis coupled with his in-depth knowledge of industrials, and especially coatings, will be a great resource.” Mr. Mecray joins Axalta from Blackrock, Inc. , an investment management company with over $200 billion in active equity assets under management, where he has worked for the last nine years, most recently...
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Axalta opens new waterborne coatings plant in Shanghai
March 3, 2015
Expanded production capacity to help auto industry grow sustainably Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has opened a latest generation manufacturing facility in Shanghai to produce waterborne coatings for China’s growing automobile market. The newest and one of Axalta’s most advanced waterborne production facilities, the plant reflects the key role that China plays in Axalta’s global strategy, which is focused on providing sustainable coating products and application systems for customers while reducing the environmental impact of the production process. The new facility is located adjacent to Axalta’s operations center that opened in the Jiading district of Shanghai in 2008. Axalta Chairman & CEO Charlie Shaver , Axalta executives and guests cutting the ribbon to open Axalta's new waterborne coating manufacturing facility in the Jiading district of Shanghai, China (Photo: Business Wire) The new facility features advanced...
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Axalta Schedules Fourth Quarter and Full Year 2014 Results Conference Call
February 24, 2015
Axalta Coating Systems Ltd. (NYSE:AXTA) will hold a conference call for its fourth quarter and full year 2014 financial results at 8:00 a.m. EDT on Wednesday, March 11, 2015 . Charles W. Shaver , Chairman and Chief Executive Officer, and Robert W. Bryant , Executive Vice President and Chief Financial Officer, will review the company's financial performance for these periods. The U.S. dial-in phone number for the conference call is (877) 407-0784 and the international dial-in number is +1 (201) 689-8560...
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Axalta Received Excellence Award from Volvo Bus in India
February 16, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has been named the winner of the ‘Volvo Bus Excellence Award’ in the field of “Delivery Excellence 2014,” in an award judged by the Volvo Buses purchasing team in India . The award was presented to Axalta Coating Systems India Pvt. Ltd. during the Volvo Buses, India – Supplier Conference 2014 in December at Bengaluru. From left to right: Mr. VRV Sriprasad, Managing Director - Volvo Bus India, Mr. Abouayoub Abdennasseur, Vice President - Global Purchasing Bus, Mr. Kishore Kotekar, Business Manager for Axalta Coating Systems, and Mr. Kaushik Raha, Business Development Manager, Axalta Coating Systems (Photo: Business Wire) Axalta has partnered with Volvo Buses India since its inception in 2008. With skilled manpower and around-the-clock service, Axalta has maintained a record of zero logistical and service issues registered with Volvo Buses to date. Axalta has consistently provided innovative...
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Axalta Names Jeff Gordon Global Business Advisor
February 11, 2015
Iconic Driver Will Engage With Executives on Strategic Initiatives and Focus on Winning Axalta Coating Systems (NYSE: AXTA), a leading global manufacturer of liquid and powder coatings, and Jeff Gordon, one of the most celebrated race car drivers in history, today announced a new multi-year partnership. Gordon will become Axalta’s Global Business Advisor, and serve as special advisor to Charlie Shaver, Axalta Chairman and CEO, bringing his winning skills and innovative thinking to Axalta, its leadership team and its customers worldwide. Axalta and Gordon have a long history, which began through the company’s sponsorship of the No. 24 Hendrick Motorsports Chevrolet . Although Gordon recently announced 2015 will be his final season as a full-time driver in the NASCAR Sprint Cup Series, Axalta will continue to sponsor and be the official paint supplier of Hendrick Motorsports . “After 22 years, our partnership with Jeff and Hendrick Motorsports is the longest running driver, team and...
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Axalta Coating Systems Volunteers in Hometown Philadelphia
January 14, 2015
Axalta’s Industrial Coatings team working together against hunger Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, chose this past holiday season as a wonderful opportunity to give back to its Philadelphia hometown community. The Axalta Industrial Coatings team came together to help combat hunger by donating their time to its local hunger relief organization, Philabundance. The Axalta team spent the day unloading, checking the quality and sorting through thousands of charitable and nutritious donations to the organization. Philabundance was created in 1984 with the simple belief that no man, woman or child should go hungry. Its growth and eventual integration with the Philadelphia Food Bank in 2005 has led to it being the region’s largest hunger relief organization. The organization implements both emergency relief and long-term programs to strengthen and fulfill its mission. “Axalta will seek to maintain engagement with local organizations...
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Axalta Coating Systems North America Sponsors Detroit Fashion Week During Auto Show’s MAIN Event 2015
January 13, 2015
Automotive Ingenuity Meets High Fashion Axalta Coating Systems (NYSE: AXTA), a leading global manufacturer of liquid and powder coatings, is celebrating the North American International Auto Show in style. Axalta sponsored Detroit Fashion Week at the Motor City Automotive Industry Night (MAIN) Event 2015. The MAIN Event is the annual auto show kick-off. Detroit Fashion Week model wears jetpack painted with Axalta's Cromax® paint. Jetpack designed by Caleb Drake and Chris Batty . (Photo: Business Wire) Fashion designers used their creativity to showcase high fashion and avant-garde looks that appealed to the automotive industry crowd. Attendees got a chance to see automotive-inspired pieces. The event took place on Sunday, January 11, 2015 at the Max M. Fisher Music Center - Orchestra Hall in Detroit. “It is important to support the local design communities and encourage the upcoming designers that will influence the future,” said Nancy Lockhart , Axalta Color Marketing Manager. “The...
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Axalta and Kinlita Sign Joint Venture Agreement to Provide Coatings to China’s Commercial Truck Market
January 12, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, and Shanghai Kinlita Chemical (SZSE: 300225), a renowned player in China’s industrial coatings industry, have today signed an agreement to form a joint venture in China . Axalta's Industrial Coatings President Michael Cash and Kinlita Chairman Wu Guozheng shake hands after signing joint venture agreement. (Photo: Business Wire) Aimed at driving deep into China’s burgeoning commercial truck market, the agreement leverages Axalta’s world-leading position in advanced coating technologies with Kinlita’s strong position in China’s commercial truck market to create a powerful and compelling new presence in China’s commercial truck market. The commercial truck industry plays a vital role, from facilitating the transport of goods to supporting the expansion of the nation’s infrastructure, in supporting China’s economic development. “We are very pleased to be signing this joint venture agreement for...
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Axalta Coating Systems Appoints Barry Snyder SVP & Chief Technology Officer
January 9, 2015
Barry Snyder has joined Axalta Coating Systems (NYSE: AXTA), a leading provider of liquid and powder coatings, as Senior Vice President and Chief Technology Officer. Dr. Snyder will report to Axalta Chairman and CEO Charlie Shaver and be responsible for all of the company’s research and development. Dr. Barry Snyder, Senior Vice President and Chief Technology Officer, Axalta Coating Systems (Photo: Business Wire) “Developing new products based on leading edge coating technology will be a key engine for Axalta’s growth,” explained Shaver. “Our customers count on us to develop coating products and application systems to meet their evolving requirements. New composite and plastic substrates for light weighting and the need for lower VOC products and more productive and energy efficient application systems, among other drivers, call for innovative solutions that we are committed to deliver in the years ahead.” Dr. Snyder joins Axalta from Orion Engineered Carbons where he served as Senior...
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Axalta's ProfitNet Collision Shop Management System now interfaces with OPSTRAX Parts Procurement System
January 8, 2015
Axalta Coating Systems (NYSE: AXTA), a leading global manufacturer of liquid and powder coatings, announced that its ProfitNet TM collision shop management system now interfaces with Overall Parts Solutions’ (OPS) OPSTRAX parts procurement system. The new interface is an electronic bridge between ProfitNet and the OPSTRAX system that is designed to save hours of double entry. Ordering, receiving and price monitoring can all occur electronically between ProfitNet and part vendors via the OPSTRAX software. “This latest parts procurement interface with OPSTRAX is another huge important step in providing cutting edge technology to our customers through our ProfitNet management system,” explained Tom McGarry , Axalta’s Manager of Information Technology Services. “The OPSTRAX interface allows ProfitNet users to quickly search for parts and choose a parts vendor based on price and availability.” Axalta is dedicated to enhancing the customer experience. ProfitNet’s technology upgrade is...
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