07. Axalta Coating Systems
Philadelphia, PA/USA
www.axaltacoatingsystems.com
PUBLICLY HELD; YEAR ESTABLISHED: 2013
REVENUE: $4.1 billion st (2015: $4.1 billion)
MARKETS SERVED
Automotive OEM; Collision repair; Industrial Coatings; Commercial Transportation
KEY EXECUTIVES
Charles. W. Shaver, chairman and CEO; Robert Bryant, EVP and CFO; Nigel Budden, VP,
global customer excellence; Michael Cash, SVP and president, industrial coatings; Jorge
Cossio, president, Latin America region; Michael F. Finn, SVP and general counsel; Mattias
Schöenberg, VP & president, Europe, Middle East and Africa region; Martin Horneck,
SVP and chief procurement and logistics officer; Dan Key, SVP, operations and supply
chain; Sean Lannon, VP, corporate finance & global controller; Steven Markevich, EVP
and president transportation coatings & Greater China; Joseph F. McDougall, SVP global
branding, corporate affairs & chief human resources officer; Tabitha Oman, assistant general
counsel, compliance & ethics; Rajeev S. Rao, VP, strategy & business development; Sobers
Sethi, VP, emerging markets; Barry S. Snyder, SVP and C TO; and Aaron D. Weis, VP and CIO.
Axalta Coating Systems is a global supplier of coatings to the transportation and indus- trial sectors. The company posted sales of
$4.1 billion for 2016. Transportation Coatings (light
vehicle OEM and commercial vehicles) comprised
$1.67 billion of sales and Performance Coatings (
industrial and refinish) comprised $2.403 billion.
The company currently employs approximately
13,000 people and has 16 locations in Asia-Pacific,
12 in Europe, Middle East and Africa, ten locations in North America and eight locations in Latin America (including Mexico) – producing liquid or powder coatings.
The company made a number of acquisitions and divestitures.
Some key highlight for 2016 include:
• Acquired High Performance Coating (HIPIC) in Southeast Asia
(2016)
• Acquired Automotive Interiors business of United Paint in
North America (2016)
• Acquired coil coatings business of Dura Coat Products, Inc. in
North America (2016)
• Acquired Ellis Paint for North America (2017)
• Acquired Century Paint for North America (2017)
In 2016, Axalta Coating Systems celebrated its 150th an-
niversary as a coatings leader. Axalta said this was an exciting
year for the company and the Industrial coatings segment. High
performance coatings supplied to the architectural and building
construction market has emerged as one of the fastest growing seg-
ments in the Industrial coatings market. Customers are looking for
companies with a comprehensive portfolio, that can meet all their
needs, globally. Axalta has made significant progress in expanding
its product offerings to meet the growing demand of this segment
and its customers.
In June, Axalta purchased a
majority stake in Dura
Coat Products Inc.,
a prominent manufacturer of coatings
for the metal coil
and liquid extrusion markets in North
America. Axalta prides itself on overcoming customer challenges
through innovation and customer service excellence, two key
areas on which Dura Coat has developed a legacy and leadership
position within the coil market. Their innovative product lines
are formulated to suit a variety of building construction needs,
general industrial applications and coating of aluminum extrusions. Axalta now offers Dura Coat brands for the metal roofing
industry to our customers. Some of the brands include Durapon
70, a premium PVDF coating that is formulated to be harder
and more flexible than other PVDF coatings, Ceranamel XT-40S,
a super durable polyester formulated with select inorganic and
ceramic pigments, and Hydropon, a water-based, air-dry PVDF
coating. Dura Coat also collaborated with its customer Coatings Metal Group last year to design a special wrinkle-textured
polyester version of XT40S, called Krypt-Stone, which will give
a unique, textured appearance, enhanced abrasion resistance and
increased scratch-resistance during installation.
In addition, Axalta revamped its offerings complementary
to those served by Dura Coat, including leading global powder
coatings brands Alesta and Abcite, AquaEC electrocoat products
and Imron Industrial coatings which each provide customers in
the construction, architectural, and general industrial sectors with
durable coatings formulated to protect, increase productivity and
add beauty. In 2016, Axalta introduced a Global Warranty program for its premium line of Alesta architectural powder coatings
providing a unique and consistent program to specifiers and façade
fabricators through Axalta’s approved applicators, from 15-30
years respectively. Axalta responded to customers seeking brighter
metallic options with the new ICONICA Alesta Super Durable
powder coating collection, which was designed with architects and
industrial designers in mind and will launch officially in the first
half of 2017. The collection will be heavily comprised of Alesta
FX technology bonded metallic products that provide outstanding
ease of application and are produced in brand new, state-of-the-art
facilities in Europe and China.
Due to these efforts, Axalta coatings were chosen for projects
such as King Abdulaziz International Airport in Jeddah - Saudi, The
Signature Tower in Kuala Lumpur, which will be the tallest building
in southeast Asia, Bishopsgate 22 in London and the Philharmonie
De Paris concert hall, among others. Axalta expects to add more of
these projects to our portfolio in 2017.
Charles W.
Shaver
