Axalta to Expand Waterborne Coatings Production
Liquid and powder coatings supplier Axalta recently broke ground on the newest phase of its Jiading plant in Shanghai, which aims to scale up its production of waterborne coatings.
Expected to be operational by early 2021, the company says the facility will position it to meet rising demand for sustainable coatings for industrial customers.
"This investment into waterborne coatings production is vital to the current and future growth of Axalta. Maintaining a leading position in the global waterborne coatings market is critical for Axalta and one that we intend to invest in for our long-term success," said Steven Markevich, Executive Vice President and President, Transportation Coatings and Greater China.
"As the Chinese market for automobiles and industrial goods continues to grow, evolve, and mature, we believe this investment will place us in an ideal position to meet growing demand among our customers for sustainable products and innovative applications across southern and eastern China. This new milestone will enable us to stay at the forefront of delivering the latest generation of waterborne coating products and positions us for future technology advances and customer requirements."
According to Axalta, the expanded waterborne coatings plant will combine the best practices adopted at its other global plants with China's local R&D advantages, while also implementing a unique design process, which includes automated production technology to maximize productivity, reduce energy consumption and minimize environmental impacts.
"As the industry continues upgrading to sustainable products, the waterborne coatings market will likewise continue to grow in China," said Willie Wu, President of Axalta Greater China.
"The next generation of world-leading waterborne coatings technology that will be produced at our expanded facility is designed to benefit the industry and environment by creating superior appearance, lowering energy consumption, and reducing carbon dioxide and volatile organic compound emissions. Our investment in waterborne coatings production will embody the principles of sustainable manufacturing, while ensuring we continue to meet both our efficiency and profitability goals. This win-win scenario will be a long-term competitive edge that will benefit our Company and our customers."