Axalta holds Jilin factory groundbreaking ceremony: continues to increase its presence in China to boost mobility business growth

October 24, 2023– Axalta Coating Systems (NYSE: AXTA) announced its investment in a mobility coatings factory located in Jilin City, Jilin Province (“Jilin Factory”) was officially put into production, and a groundbreaking ceremony was held this morning. The completion and commissioning of the Jilin project is another important milestone in Axalta’s development in China, helping Axalta improve its production capacity to better meet the growing demand of China’s mobile travel market. Li Daoheng, Deputy Secretary of the Jilin Municipal Party Committee of Jilin Province, Deputy Mayor of the People’s Government of Jilin Municipality of Jilin Province
Cui Zhigang and relevant leaders of the park attended the celebration. Hadi Awada, senior vice president of Axalta’s global mobility coatings business and member of Axalta’s Global Senior Management Committee
Arvada), Sun Lianying, Honorary President of the China Coatings Industry Association, and Wu Tao, Chairman of the Painting Committee of the China Society of Automotive Engineers, attended the celebration and delivered speeches.

Axalta’s Jilin factory is located in the National Economic and Technological Development Zone of Jilin City, covering an area of ​​nearly 46,000 square meters. It is equipped with an advanced coating production system and mainly produces water-based intermediate coatings, pigmented paints and solvent-based intermediate coatings, pigmented paints and varnishes, etc. High-performance coatings serve domestic and foreign automobile OEMs and auto parts manufacturers, which will further optimize Axalta’s service capabilities in China’s mobility market and boost the growth of its mobility business.

At the groundbreaking ceremony, Hadi
Mr. Awada said: “Currently, emerging trends such as new energy vehicles and autonomous driving are driving the transformation and high-quality development of the mobility industry. We are honored to support our customers and jointly shape future-oriented mobility. Axalta Jilin Factory We are committed to providing customers with high-performance innovative automotive coating solutions. As a new growth engine for Axalta, the new factory will help us optimize our business development and service capabilities in the Chinese market, continue to meet fast and efficient market demands, and empower customers. Meet industry challenges and create higher industrial value together.”

Currently, global automobile manufacturers are placing increasing demands on sustainable production. Axalta continues to develop and provide industry-leading environmentally friendly water-based coatings and high-solid coatings to customers to meet the requirements of international and local automobile manufacturers for sustainable automobile manufacturing and help them achieve sustainable production goals. Axalta’s Integrated Paint Technology™
(Harmonized Coating
Technologies™) and low-VOC green sustainable solutions integrate a new generation of environmentally friendly coating technology, which can help reduce energy consumption in coating production, reduce construction and baking supply and demand during the production process, reduce carbon emissions, reduce costs, and improve coating efficiency. Layer appearance quality to meet the higher requirements of advanced and sustainable automobile manufacturing and new energy vehicles.

Since entering the Chinese market in 1984, Axalta has continued to expand its business territory in China and optimize the layout of its manufacturing bases, including increasing investment in liquid coating factories in Jiading, Shanghai and Ma’anshan, Anhui Province, powder coating factories in Qingpu, Shanghai, and Asia Pacific Technology in Shanghai R & D Center. With the Jilin factory officially put into operation, Axalta continues to provide differentiated products and services to Chinese customers, driving business growth in Asia.

From left to right are Wang Hui, Vice President of Asia Pacific Operations of Axalta, and Nicolas Franc De, Vice President of Axalta Asia Pacific Mobility Coatings Business
Ferriere, Chairman of the China Society of Automotive Engineers Painting Committee Wu Tao, Axalta Vice President of Product Strategy and Commercial Operations of the Global Mobility Coatings Division Robert
Schnell, Deputy Secretary of the Jilin Municipal Party Committee of Jilin Province Li Daoheng, Senior Vice President of Axalta’s Global Mobility Coatings Business and Member of Axalta’s Global Senior Management Committee Hadi
Awada, Cui Zhigang, deputy mayor of the People’s Government of Jilin City, Jilin Province, Jian Junfeng, deputy secretary of the Party Working Committee and deputy director of the Management Committee of Jilin Economic Development Zone, Liu Dong, secretary of the Party Leadership Group and Director of Jilin City Industry and Information Technology Bureau, and honorary of the China Coatings Industry Association President Sun Lianying

Hadi Awada, senior vice president of Axalta’s global mobility coatings business and member of Axalta’s Global Senior Management Committee, delivered a speech