Axalta ready to support Indian OEMs
Axalta Coating Systems, a leading global supplier of liquid and powder coatings, has inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat. It will double Axalta’s coating manufacturing capacity to meet the growing demand for coatings in light vehicles, commercial vehicles, and industrial segments. The 5,200- sqm plant is part of Axalta’s Savli manufacturing site that produces Axalta coatings for refinish, automotive parts, and commercial vehicle customers.
The comapany continues to make significant investment in India in line with its India growth strategy. Since 2016, Axalta has opened a new and expanded Technology Centre in Savli dedicated to the Indian automotive segment. Its new India headquarters in Gurugram, within the National Capital Region, also hosts Axalta’s global IT and other back office functions. Axalta has continued to invest and upgrade its refinish training centres throughout India to better serve customers in the growing market.
“These facilities and the significant investments made in the past couple of years are in sync with Axalta’s strong commitment to India to deliver innovative and comprehensive coating solutions to our customers in every sector of the automotive market and in other industry sectors. I am confident that Axalta’s global expertise in coatings will play a significant role in India, catering to our customers’ specific coatings requirements,” Axalta Chairman and CEO Charlie Shaver, said.
According to World Bank’s data, India’s GDP in 2017 was at 7.2%, which makes it the fastest growth economy in the world. Last year, India’s automotive sector contributed to about 7% of India’s annual GDP, finishing the year to become the fourth largest in the world with more than 3 million cars manufactured after China (24.2 million), United States (17.1 million) and Japan (4.4 million units), with industry observers optimistic that India will be globally the third largest by 2020 with an estimated 5 million units sold annually.
Taking advantage of the booming automotive market, Axalta Savli’s new plant will be able to expand production capacity of both high and low temperature cured coatings. The facility is also designed to scale up to produce waterborne coatings for customers’ conversion to more sustainable solutions. The new plant employs environmentally responsible processes and is designed for low emissions. This helps to ensure a healthy environment for the community and a sustainable future for Axalta.
“Axalta has been widely recognised by its customers in India for excellent performance and service commitments in the refinish and industrial segments. We now look forward to bringing the same kind of commitment to meet the growing demand of the Indian automotive and industrial OEMs,” Vinay Rajadhyaksha, Managing Director, Axalta Coating Systems India, said.
He further said, “Earlier, we were mainly supplying to highvalue plastic parts for the automotive sector. The new capabilities will help us in a big way in entering into the passenger car market and body colour for commercial vehicles. This ensures the content for each vehicle will jump 4-5 times, bringing in huge volumes,” says Rajadhyaksha.
Axalta, which established business in India in 1996, also has offices and regional training centres in Gurugram, Mumbai, Kolkata, Bengaluru and Vadodara, and supports an extensive product distribution network across the country.
Axalta’s new plant in Savli is inaugurated by (L-R) Vinay Rajadhyaksha, Sobers Sethi, Charles Shaver, Steven Markevich and Dan Key of Axalta Coating Systems.