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Axalta looks up to a strong and long term business engagement with India by inaugurating its new coating manufacturing facility in Savli thereby doubling the company’s India capacity
With a passion that drove a company to make our world more colourful for more than 150 years, Axalta Coating Systems has a presence of a leading global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings.
The leading global supplier of coatings, recently inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat, India. Approximately 70 guests, including local government officials, customers, university representatives, media, and employees attended the opening ceremony, which Axalta Chairman and CEO Charlie Shaver presided.
The 5,200 square meter plant is part of Axalta’s Savli manufacturing site that produces Axalta coatings for refinish, automotive parts, and commercial vehicle customers. The new plant will double Axalta’s coating manufacturing capacity to meet the growing demand for coatings in light vehicles, commercial vehicles, and industrial segments.
Axalta continues to make significant investment in India in line with its India growth strategy. Since 2016, Axalta has opened a new and expanded technology center in Savli dedicated to the Indian automotive segment. Its new Axalta India headquarters in Gurugram, within the national capital region, also hosts Axalta’s global IT and other back office functions. Axalta has continued to further invest and upgrade its refinish training centers throughout India to better serve customers in the growing market.
According to World Bank’s data, India’s GDP in 2017 was at 7.2 percent, which makes it the fastest growth economy in the world. Last year, India’s automotive sector contributed to about 7 percent of India’s annual GDP, finishing the year to become the fourth largest in the world.
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 ensuring a healthy environment.
Axalta, which established business in India in 1996, also has offices and regional training centers in Gurugram, Mumbai, Kolkata, Bengaluru and Vadodara, and supports an extensive product distribution network across the country.
Axalta quick facts
We are very strong in the commercial vehicle segment and our facility now inaugurated will definitely leapfrog us into the light vehicle and passenger car segment. Sobers Sethi, Vice President and President, Emerging Markets, Axalta Coatings Systems.
We have to be very sensitive as to where is the market, and what are the specifications needed, how the competition in India behaves and how can we be creative while providing solutions here. Steven R. Markevich, Executive Vice President and President, Transportation Coatings and Greater China, Axalta Coating Systems.
Axalta is recognised 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
The contract is valued at approximately Rs 36 billion, with the trains likely to be produced in Bengaluru.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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