Axalta Announces Price Increase on Industrial Coating Technologies in North America
Philadelphia, PA – July 12, 2018: Due to continuing rising costs of raw materials, packaging and transportation, Axalta (NYSE: AXTA) will introduce a price increase for its industrial coatings technologies sold in North America. The increase will take effect as permitted by contract and will be communicated directly to affected customers.
“Axalta makes every effort to work closely with our suppliers to combat rising input costs while ensuring that our products are competitively formulated,” said Michael Cash, President Industrial Coatings. “These price increases will help us continue to deliver on our promises to provide customers with innovative products and world class level of support and service that they and their customers have come to expect.”
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 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 13,300 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.