Axalta is set to invest more than US$50M in China

Axalta Coating Systems (formerly DuPont Performance Coatings) will invest more than US$50M to construct a facility to manufacture and supply up to 25,000t of paint to automotive manufacturers that are expanding into south and central China. The plant will be dedicated to the production of the company’s waterborne coatings that meet both manufacturer and regulatory environmental standards. Pending final government approvals, construction of the facility is expected to break ground in the second half of 2013 with production beginning Q1, 2015.
"Our Board’s decision, reached only 100 days after becoming an independent company, to invest and grow with our customers, reflects our long term commitment to the auto industry in China and around the world,” said Charles Shaver, Chairman and CEO of Axalta Coating Systems.
The facility will be close to customers in the Shanghai area and have easy access to major transportation routes reaching into western and southern areas of the country. This additional facility will complement the manufacturing capacity of Axalta’s flagship OEM coatings manufacturing plant in Changchun that is already accelerating production to meet extraordinary growth in automotive production in China.