Axalta was named 2021 Global Commercial Vehicle Coatings Company of the Year by Frost & Sullivan. The award recognized the company’s commitment to develop innovative coatings that address OEMs' evolving needs.
Axalta was recognized as 2021 Global Commercial Vehicle Coatings Company of the Year by Frost & Sullivan for its effort in developing innovative coatings that address OEMs' evolving needs in designing lighter-weight vehicles and exterior components and for its leadership in innovation and the commercialization of highly efficient coating solutions.
Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership in customer value and market penetration. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
As part of its analysis, Frost & Sullivan highlighted Axalta's Imron and Rival basecoats, which save time and energy while improving productivity by reducing the coating application process from the conventional three steps to two steps, as both products can be applied directly on plastic substrates without an adhesion promoter.
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, 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 that reduce overall painting costs and perform well in non-corrosive to mildly corrosive environments. In addition, the product can be applied in single-step using conventional activators, eliminating the need to create an additional inventory of new activators.
"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 recognized for our innovation, product excellence and customer focus."