Axalta Coating Systems Ltd - Company Profile
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Business Description
Axalta Coating Systems Ltd (Axalta) develops, manufactures, markets and distributes liquid and powder coatings. The company provides performance and transportation coatings for manufacturers of light and commercial vehicles, refinish aftermarket and industrial coating system applications. The company operates through two reportable business segments: Performance Coatings and Transportation Coatings. As of December 2023, it operated 43 manufacturing facilities, four technology centers, and 49 customer training centers in over 140 countries. The company has global innovation centre located in Philadelphia, Pennsylvania. In FY2023, the company incurred a capital expenditure of US$137.9 million which declined 8.6% YoY.
R&D Overview
Axalta R&D division is constantly focuses on developing new products, services, processes and technologies which enhance product performance, improve productivity and meet strict environmental regulations. It innovations include Irus Mix, which is an automated and integrated digitized color management process. It also focuses on developing its Nextjet technology which allows for a precise placement of paint through its digital paint technology. The company has four technology centers located in China, Germany and the US and also has 28 regional laboratories. As of December 2023, Axalta had 770 issued patents with 220 patent applications pending, and more than 470 trademarks. In FY2023, it spent US$74 million on R&D, which as a percentage of revenue, stood at 1.4% and increased 11.4% YoY.
Business Segments
Overview
It offers advanced coating technologies for original equipment manufacturers of light and commercial vehicles. Under light vehicles, it offers coating systems for OEMs of cars and light trucks. Under commercial vehicles, it offers coating systems for locomotives, light rail, high performance cars, passenger carriages, high speed trains, tramways and mass transit cars. Operates manufacturing facilities in Europe, North America, Latin America, Africa and Asia Pacific. Major brands include Imron, Imron Elite, Imron ExcelPro, Centari, Rival, Corlar epoxy undercoats and AquaEC.
Performance
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Overview
It provides liquid and powder coating solutions, and precise color matching and highly durable coatings systems to refinish and industrial end-use markets. For refinish business, Axalta develops, markets and supplies coating systems and color-matching technologies to facilitate faster automotive collision repairs. The industrial market consists of liquid and powder coatings used in end-market applications, including architectural cladding and fittings, automotive coatings, general industrial, job coaters, energy solutions, HVAC, appliances, industrial wood, coil, and oil & gas pipelines. It operates manufacturing facilities in North America, Latin America, Europe and Asia Pacific. Major industrial brands include Voltatex, AquaEC, Hydropon, Durapon, and Ceranamel; for liquid coatings Alesta, Abcite, Nap-Gard, and Plascoat.
Performance
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Geographical Segments
Target Markets
Singapore and China
Performance
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Target Markets
France, the Netherlands, Sweden, Austria, Turkey, Belgium, the UK, Germany and Luxembourg
Performance
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Target Markets
Argentina and Brazil
Performance
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Target Markets
The US, Mexico and Canada
Performance
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