Investment supports global growth strategy.
Axalta Coating Systems (NYSE: AXTA), a leading global manufacturer of liquid and powder coatings, has invested to expand and to optimise manufacturing capabilities for its Alesta® brand at its powder coatings production facilities in Landshut, Germany due to growing market demand.
The investment supports Axalta's powder coatings growth strategy and follows progress in its powder coating business in Eastern Europe coupled with increased demand from Central Europe. It is the second investment to expand powder production in the Europe, Middle East and Africa (EMEA) region this year. The first was at Axalta's Montbrison, France, facility in April 2016, which saw lean automation and upgraded production technology appreciably increase line capacity and productivity.
"Minimal supply time is very important to our customers, and that's one of the reasons we chose to invest in the Landshut site. Once complete, the additional production facilities will provide significantly greater capacity. This means we will produce even more of our high quality powder coatings for the Austrian, German, Italian and Swiss markets, as well as those in Eastern Europe," says Matthias Schönberg, Vice President of Axalta Coating Systems and President of its EMEA region.
Axalta's powder coatings offer outstanding mechanical properties, are highly resistant to weathering and are well-suited for architectural façade applications.
The investments in Montbrison and in Landshut demonstrate Axalta's commitment over the past two years to further develop capacity and increase productivity in the manufacture of its coatings around the world in order to meet its customers' needs. The expansion project in Landshut consists of three phases, and is due to be completed by the end of March 2017. Phases one and two concluded at the end of 2015 and in March 2016 respectively.
For further information: www.powder.axaltacs.com