Axalta Builds a New Asia-Pacific R&D Technology Center in Shanghai
Strengthening Innovation Leadership in the Coatings Industry
SHANGHAI--(BUSINESS WIRE)-- 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 m2 (165,000 ft2) facility will be designed for the over 500 Axalta personnel engaged in our R&D, product development and technology support across the Asia-Pacific region. The new facility will enable Axalta to build on its legacy of innovation and capitalize on its existing regional R&D network based in China. Today, Axalta has R&D and technology capabilities as well as a customer training center in Shanghai, a new OEM technology development center adjacent to the company’s manufacturing center in the Jiading district of Shanghai, and a technology center within the company’s operations center in Changchun. The new facility will become Axalta’s largest technology center in Asia-Pacific and join Axalta’s global R&D and laboratory network, integrating development capabilities in the region with those in Europe, Latin America and the United States.
“This new facility in Shanghai will help us meet the growing demand for innovative coatings in the global market and especially those of our expanding customer base in China,” explained Charlie Shaver, Axalta
Chairman and CEO. “The new facility will enable Axalta to streamline our ability to rapidly develop world-class products with benefits that include more advanced protective properties, superior temperature performance and additional durability. We’ve been a pioneer in the coatings industry, and our new Shanghai center will keep us in the vanguard of product innovation and development.”
The new laboratory will house the latest generation paint formulation, color development, dispersion, resin development, spray application and analytical characterization facilities, further strengthening Axalta’s position as a premier coatings solution provider. With well-designed facilities and a focus on optimum work flow, the R&D center will be engineered to facilitate fast, high-quality product development that will help enhance productivity for Axalta customers in the region and around the world.
“With this new center, Axalta will be positioned to develop and bring to the Chinese market and the region the most advanced coatings products in the world,” said Dr. Barry Snyder, Axalta’s Senior Vice President and Chief Technology Officer. “We envision that leading edge technology developments from China will also flow outwards from the region to find their way into products used by our customers in rest of the world. In this way no matter where our global customers call home or operate, they will benefit from our global perspective.”
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 more than 145 years of experience in the coatings industry, the over 12,000 people of Axalta continue to find ways to serve our more than 120,000 customers in 130 countries better every day with the finest coatings, application systems and technology. For more information visit www.axaltacoatingsystems.com
Source: Axalta Coating Systems
Released April 28, 2015