AXTA Axalta Coating Systems Ltd.

Axalta Launches Next Generation Basecoat Technology for the Automotive Refinish Industry in Latin America

Axalta Launches Next Generation Basecoat Technology for the Automotive Refinish Industry in Latin America

Cromax® Gen offers the most accurate color formulas, helping to increase productivity and optimize costs for body shops

Certified by Center of Experimentation and Road Safety (CESVI) for highest quality standards, specifications, and performance metrics

MEXICO CITY, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings company, today announced the launch of its next generation basecoat technology, Cromax® Gen, for the Automotive Refinish industry in Latin America. The new product will help increase productivity and optimize costs for body shops.

“Color reproducibility is key for the Automotive Refinish industry. The speed and accuracy in which we can develop and offer the most accurate color formulas is what differentiates Axalta in our industry. This latest technology further demonstrates our commitment to deliver exceptional products for our customers and enable better business for body shops around the globe,” said Troy Weaver, Senior Vice President for Axalta’s Global Refinish business.

Backed by industry-leading innovation and hands-on training, the Cromax® family of refinish products provides innovative and productive systems, standard setting color tools, and localized business solutions aimed at enabling collision repair professionals to optimize performance. 

The next generation technology was developed at Axalta's Global Innovation Center in Philadelphia, thanks to the collaboration of scientists from the United States, Mexico, and Europe. The product will be manufactured at Axalta's Tlalnepantla and Ocoyoacac sites, both in the State of Mexico. It will be exported to Latin America, followed by the United States and Canada.

“At Axalta, we constantly ensure that we have the most complete product portfolio that meets the evolving needs of the Automotive Refinish industry. We are proud to develop and offer innovative technologies and solutions such as Cromax® Gen from Mexico to Latin America,” added Daniel Salcido, Axalta’s Mexico President and Refinish Vice President for Latin America.

Axalta introduced Cromax® Gen during the Expo Center of Experimentation and Road Safety (CESVI) tradeshow in Mexico City, where the company received eight CESVI certifications across its portfolio for meeting or exceeding highest quality standards, specifications, and performance. In addition to Cromax® Gen, other Axalta products certified are ChromaPremier®, ChromaSystem®, Cromax® Pro, Imlar®, Spies Hecker®, Standoblue® and Standox®.

About Axalta Coating Systems

Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity, and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.mx and follow us @axaltaLATAM on Facebook, Twitter and Linkedin. 

Axalta Coating Systems

Industria Eléctrica 10,

Tlalnepantla de Baz, Estado de México,





Media Contact:

Latin America

Karen Perez

D 6



  
 Global

Robert Donohoe

D



 



EN
18/08/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Axalta Coating Systems Ltd.

 PRESS RELEASE

Axalta Releases First Quarter 2025 Results

Axalta Releases First Quarter 2025 Results PHILADELPHIA, May 07, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights: First quarter net sales of $1.26 billionNet income increased 154% year over year to $99 million; net income margin of 7.8%Record first quarter Adjusted EBITDA of $270 million, an increase of 4% year over yearAdjusted EBITDA margin improved 140 basis points year over year to 21.4%Diluted EPS increased 150% to...

 PRESS RELEASE

Axalta Wins 2025 Automotive News PACE Pilot Award

Axalta Wins 2025 Automotive News PACE Pilot Award Axalta NextJet™ automotive digital paint technology named Innovation to Watch PHILADELPHIA, April 16, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (AXTA), a leading global coatings company, announced today that the digital paint technology Axalta NextJet™ was named a 2025 Automotive News PACE Pilot Innovation to Watch. The recognition honors pre-commercial innovations in the automotive and future mobility space. is a next-generation, sustainable digital paint technology for the automotive industry. This advancement allows for precis...

 PRESS RELEASE

Axalta Schedules First Quarter 2025 Earnings Conference Call

Axalta Schedules First Quarter 2025 Earnings Conference Call PHILADELPHIA, April 09, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, will release its first quarter 2025 financial results at 6 a.m. ET on Wednesday, May 7. The release and supporting materials will be posted to . In addition, the company will host a conference call at 8 a.m. ET on May 7. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, will review the company's financial performance for the period...

 PRESS RELEASE

Axalta Takes Home Two Prestigious Edison Awards™

Axalta Takes Home Two Prestigious Edison Awards™ Axalta Irus Scan™ and MyColor recognized among most innovative new products in the world  PHILADELPHIA, April 07, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (AXTA), a leading global coatings company, announced that it has won two 2025 Edison Awards™. won Silver in the Automotive Materials category and won Bronze in the Automotive Materials category. This is the seventh consecutive year that Axalta has earned coveted Edison Awards which honor market-leading innovations of new products and services.  “Innovation is core to what we d...

 PRESS RELEASE

Axalta Releases Fourth Quarter and Full Year 2024 Results

Axalta Releases Fourth Quarter and Full Year 2024 Results PHILADELPHIA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Record fourth quarter net sales of $1.3 billionNet income increased 85% year over year to $137 million, with net income margins of 10.5%, a year over year improvement of 480 basis pointsRecord fourth quarter Adjusted EBITDA of $275 millionAdjusted EBITDA margin improved 170 ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch