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Axalta increases prices for its patented in house technology refinish products in Europe
The technology helps bodyshops to drastically reduce process times and energy consumption
Basel, Switzerland – August 1, 2018 – Axalta is increasing its prices for one of its refinish coatings technologies in Europe. The price increases come into effect from Q3 2018.
This new technology applies specifically to Cromax CC6700 Ultra Performance Energy Clear, Spies Hecker Permasolid HS Speed Clear Coat 8800 and Standox Standocryl VOC Xtreme Clear K9580 and their related ancillary products.
“In order to continue to invest in this revolutionary technology, Axalta has decided to increase prices by about 10%. The technology helps bodyshops to improve their overall profitability significantly as well as to reduce their energy consumption,” says Adrien Schrobiltgen, Vice President for Axalta’s refinish business in the EMEA region.
Axalta will also bring forward price adjustments on its other paint products in Europe, originally planned for the end of 2018 due to significant rises in raw material costs.“
Despite working closely with our suppliers to minimise the effect of the raw material price rises, Axalta is no longer able to absorb these cost increases without affecting our high level of services and superior product quality that our customers expect from us and that we are committed to deliver. It is therefore necessary to pass along some of these increases to our customers,” Schrobiltgen says.
Customers will be contacted by Axalta to discuss how the product price increases will affect them.
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 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.