The project, which is scheduled to be commissioned in the third quarter of 2017, will be able to expand production capacity of both high and low temperature bake coatings. Low temperature bake coatings are needed for use on the latest lightweight plastic and composite materials - used in vehicles to reduce weight and fuel consumption - because they cannot withstand traditional high bake temperature curing ovens.
Axalta’s technology-backed products include primers, basecoats, and clearcoats used in the full line of Axalta’s solvent-borne products for different substrate and process requirements. These products include Axalta’s higher productivity and more environmentally responsible high solids, high solids 3-Wet, and high solids monocoat technologies. Formulated to reduce volatile organic compound (VOC) emissions, high solids coatings can help reduce the environmental impact of coatings while providing superior finishes and improved OEM productivity. The facility will also be designed to scale up to produce waterborne coatings when customers elect to convert.
The new automotive OEM coatings development laboratory is scheduled for completion during the second quarter of 2016 and will focus on developing special formulations to ensure superior colour match, appearance, and quality. Axalta’s improved laboratory space will feature contemporary robotic spray applicators that can precisely replicate line application conditions inside customer manufacturing plants. The equipment is designed to facilitate the development, approval, quality control, and customer line support required by automotive customers. Additional new capabilities at the next generation facility also include colour measurement tools and accelerated paint testing equipment.
Charlie Shaver, chairman and CEO, Axalta, explained, “Our investment aligns with Axalta’s global growth strategy and will allow us to expand our presence in India with light vehicle manufacturers. Axalta’s improved laboratory and expanded production capacity in Savli will provide high-quality products designed to meet the needs of the growing local automotive OEM market and reinforce our position as a key coatings supplier in India.”
Axalta already has a strong presence in the refinish, commercial vehicle and automotive part segments in India and serves a growing network of distributors and body-shops supported by offices and regional training centres in Mumbai, Vadodara, Gurgaon, Kolkata, and Bangalore. The Savli plant today employs a range of environmental, health and safety processes and systems to reduce the facility’s environmental impact.
Vinay Rajadhyaksha, managing director of Axalta in India, said, “Axalta is committed to its customer partners in India as proven by recent customer recognition of our performance and service in the refinish and commercial vehicle segments. Our additional investment will provide near-term capacity improvements and allow Axalta to bring forth a renewed commitment to India’s automotive OEM segment.”
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)