For electric and electronic consumers Axalta announced to acquire wire enamels producer Anhui Shengran Insulating Materials Co., Ltd. The addition of Anhui Shengran will be highly complementary to Axalta’s existing Energy Solutions portfolio.
- The china based Anhui Shengran is a leading producer of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications.
- The acquisition will add new wire enamel products and capabilities to enhance Axalt offerings to customers across several end markets, including automotive, renewable energy, and consumer electronics.
- The additional production capacity will further support Axalta’s expansion in rapidly growing Asian markets.
The major deals and investments by Axalta are featured below:
May 2020: Axalta, announced that its Tlalnepantla facility, in Mexico, had shifted its manufacturing capabilities to produce more than 1,000 liters of hand sanitizer in response to COVID -19 pandemic. The sanitizer manufactured in Mexico donated to local healthcare facilities.
May 2020: Axalta, has announced partnership with Marathon Industries to coat truck bodies for the State of California’s COVID-19 response team using its Tufcote industrial products.
April 2020: Axalta, had announced the construction of latest phase of its Jiading plant in Shanghai, to produce the environmentally responsible waterborne coatings in China. The new phase is expected to be operational by 2021. China is a world’s largest automotive market and second-largest car parts supplier.
April 2020, In response to COVID-19, Axalta announced that it is leveraging its global operations and technical know-how to provide critical equipment and products to people and organizations in its local communities around the world.
November 2019, Axalta had completed the acquisition of Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer. Capital Paints will operate as one of three Axalta powder manufacturing facilities in the Emerging Markets region, with the others located in Malaysia and Indonesia.
Axalta is a leading global coating company, headquartered in Philadelphia, USA. The company provides innovative, colorful, and sustainable solutions across the world. Axalta has 150 years of experience in the coatings industry, and a workforce of 14,000 people serving more than 100,000 customers in 130 countries. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, Axalta coatings are designed to prevent corrosion, increase productivity and enable the materials to last longer