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Axalta Opens World’s Largest Coatings and Color Center

Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, celebrated the official opening of its Global Innovation Center, the largest coatings research and development (R&D) center in the world. The 175,000-foot Global Innovation Center offers unparalleled specialty labs, as well as office space. Its location in Philadelphia’s historic Navy Yard enables collaboration among Axalta employees, business partners, and customers throughout the Philadelphia area and beyond.

“Axalta’s Global Innovation Center will become the central hub for our global research, product development, and technology initiatives where we develop and deliver the most innovative coatings products in the world,” said Robert Bryant, Interim Chief Executive Officer, Axalta. “Whether in color technology, polymer and formulation chemistry, or application knowledge, the world-class capabilities and talent at Axalta’s Global Innovation Center will fuel new products and deliver the solutions that our customers want to grow their businesses into the future.”

Bryant and Axalta Chief Technology Officer Barry Snyder were joined at today’s ceremony by Philadelphia Mayor Jim Kenney, Councilman Kenyatta Johnson, PIDC President John Grady, Liberty Property Trust Senior Vice President and Regional Director John Gattuso, and Axalta employees. Pennsylvania Governor Tom Wolf also provided remarks, heralding Axalta’s economic contributions to the Commonwealth of Pennsylvania with current and future jobs planned for the Global Innovation Center, in addition to those presently provided by the Company in Philadelphia, Glen Mills, and Exton.

“The City of Philadelphia is known for the innovative spirit that founded our nation. This spirit still permeates today with countless companies choosing our city to put down roots for growth,” said Mayor Kenney. “Five years ago, Axalta showed its commitment to Philadelphia by relocating its global headquarters to Center City. Today, they open the doors to the Global Innovation Center, bringing new, highly-skilled jobs to Philadelphia. I thank Axalta for their contributions to our region and wish the company many prosperous years at the Navy Yard.”

The Navy Yard location offers an attractive workplace for new talent, and the Axalta campus was built with researchers in mind, modeling an academic setting with a variety of indoor and outdoor spaces to foster teamwork and creativity.

“Axalta’s team of scientists and technicians at the Global Innovation Center will develop next generation coatings products and keep pace with emerging application needs,” said Barry Snyder, Axalta’s Chief Technology Officer. “Regulations and customer demands call for newer technologically advanced coatings.  The increasing use of light-weight plastic and composite materials in vehicles to save fuel require new coatings formulations. Developing products to suit these and other needs will be the mission of the Global Innovation Center and Axalta’s worldwide research and development network.”

After the public ribbon cutting ceremony, Axalta hosted more than 100 customers for a first look of the Global Innovation Center with tours of the facility. For more information about Axalta’s Global Innovation Center, please visit Axalta.com. The complete press release is posted on Axalta.com

About Axalta
Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications, to industrial electric motors, buildings, and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer. With more than 150 years of experience in the coatings industry, the approximately 14,000 people of Axalta continue to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us @Axalta on Twitter and on LinkedIn.

Contact Information

Axalta Coating Systems
Axalta Coating Systems

Two Commerce Plaza
Suite 3600
Philadelphia, PA,
USA

toll-free: 1-855-547-1461

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