Axalta Becomes Global Commercial Vehicle Paints Company of 2021
Frost & Sullivan recently awarded
Axalta (NYSE: AXTA), a leading global producer of liquid and powder coatings, the Global Commercial Vehicle Coatings Company of the Year for 2021. Axalta is honored with the annual Best Practices award for generating novel coatings that satisfy OEMs' growing needs in building lighter-weight vehicles and external components, as well as for its leadership in coating innovation and commercialization.
"Every day, we strive to build deeper relationships with our customers by listening to their needs, understanding their business and delivering world-class products and services that help them meet cost, quality, sustainability and cycle time targets," said Joseph Wood, Vice President, Global Commercial Vehicle Coatings at Axalta. "We're honoured to be recognised for our innovation, product excellence and customer focus."
Frost & Sullivan's investigation highlighted Axalta's Imron® and Rival® coating systems, which reduce the number of steps in the application process, saving time and energy while enhancing productivity. The new basecoat materials are unusual in that they may be applied directly to plastic substrates without the use of an adhesion promoter, shortening the coating process from three to two steps.
The Imron Elite ColorPlus basecoat is a premium basecoat system explicitly designed for recreational vehicles' new and complicated paint schemes. ColorPlus uses 30% less material and reduces cycle time by 30% while still delivering a superior finish. Imron 2K high durability clearcoat, released in September 2020 for customers in Europe, stands out from its competitors in the region.
The clearcoat is designed to adhere to the stringent volatile organic compound (VOC) limits mandated in European countries while retaining its durability and gloss after multiple washing cycles.
Rival DTM Topcoat RV901 and RV902 are easy-to-apply, direct-to-metal (DTM) coatings for customers that reduce overall painting costs and perform well in non-corrosive to mildly corrosive environments.
In addition, customers greatly value the product's single-step application ability using conventional activators, eliminating the need to create an additional inventory of new activators.
Every year, Frost & Sullivan honors a company that excels in its field in terms of growth strategy and execution with the Company of the Year award. The award honors a high level of product and technology innovation, as well as the subsequent leadership in customer value and market penetration.
Frost & Sullivan Best Practices awards recognise companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service and strategic product development.
Industry analysts compare market participants and measure performance through in-depth interviews, analyses and extensive secondary research to identify best practices in the industry.
