Investment supports global growth strategy
BASEL, Switzerland--(BUSINESS WIRE)--
Axalta Coating Systems (NYSE: AXTA), a leading global manufacturer of
liquid and powder coatings, has invested to expand and to optimize
manufacturing capabilities for its Alesta® brand at its
powder coatings production facilities in Landshut, Germany due to
growing market demand.
The investment supports Axalta’s powder coatings growth strategy and
follows progress in its powder coating business in Eastern Europe
coupled with increased demand from Central Europe. It is the second
investment to expand powder production in the Europe, Middle East and
Africa (EMEA) region this year. The first was at Axalta’s Montbrison,
France, facility in April 2016, which saw lean automation and upgraded
production technology appreciably increase line capacity and
productivity.
“Minimal supply time is very important to our customers, and that’s one
of the reasons we chose to invest in the Landshut site. Once complete,
the additional production facilities will provide significantly greater
capacity. This means we will produce even more of our high quality
powder coatings for the Austrian, German, Italian and Swiss markets, as
well as those in Eastern Europe,” says Matthias Schönberg, Vice
President of Axalta Coating Systems and President of its EMEA region.
Axalta’s powder coatings offer outstanding mechanical properties, are
highly resistant to weathering and are well-suited for architectural
façade applications.
The investments in Montbrison and in Landshut demonstrate Axalta’s
commitment over the past two years to further develop capacity and
increase productivity in the manufacture of its coatings around the
world in order to meet its customers’ needs. The expansion project in
Landshut consists of three phases, and is due to be completed by the end
of March 2017. Phases one and two concluded at the end of 2015 and in
March 2016 respectively.
For more information on Axalta’s powder coatings, please visit www.powder.axaltacs.com.
About Axalta Coating Systems – Celebrating 150 Years in the Coatings
Industry
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. With 150 years of experience in the
coatings industry, the 12,800 people of Axalta continue to find ways to
better serve our more than 100,000 customers in 130 countries every day
with the finest coatings, application systems and technology. For more
information visit axaltacoatingsystems.com
and follow us @Axalta on Twitter
and on LinkedIn.
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Source: Axalta Coating Systems