Philadelphia, Pennsylvania -- August 28, 2014 -- Axalta Coating Systems has announced a commitment to invest $10.5 million in Tlalnepantla, Mexico, to expand capacity to produce resins used in the manufacture of transportation coatings. The investment is intended to enhance and expand the capability of the Tlalnepantla operations center, one of three manufacturing locations for Axalta in Mexico, and headquarters of the companyâ€™s businesses in Latin America.
â€œThis investment underscores the companyâ€™s commitment to support our continued growth in Mexico with locally produced coatings,â€ explained Jorge Cossio, President, Latin America for Axalta. â€œThe investment will support Axalta customers in the light vehicle OEM and commercial transportation markets. In addition to manufacturing products for Mexico, the expansion also allows Axalta to better serve the broader Americas market.â€
A statement from Axalta says the resin facility will use manufacturing technology designed to improve operational efficiencies, reduce waste and further reduce the environmental footprint from the company's manufacturing operations.
The Tlalnepantla facility already manufactures coatings for some of the largest global automotive OEM and heavy duty truck manufacturers, as well as Axaltaâ€™s refinish brands including Standox, Spies Hecker, and Cromax.
The commitment to invest in Mexico follows announcements over the past 16 months to expand operations in China, Germany and Brazil.