Toronto, Ontario — For its advancements in automotive coatings technology, Frost and Sullivan has recognized Axalta as 2021 Global Commercial Vehicle Coatings Company of the Year.
Axalta’s new Rival DTM Topcoat RV901 and RV902 products are unique because they can be applied directly on plastic substrates without an adhesion promoter, reducing the coating application process from the conventional three steps to two steps.
The company was also recognized for its ability to pivot and re-optimize its products to address the additional electronic components within today’s vehicles, allowing for the efficient functioning of radar and LiDAR systems, for example.
“Through constant innovation in product development and business operations, the company builds and commercializes differentiated and sustainable coating systems suitable for the changing requirements of customers with next-generation vehicles, such as electric and autonomous vehicles,” said senior industry analyst at Frost and Sullivan Christeena Thomas.
Each year, Frost and Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.