Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Axalta Coating Systems to Increase Prices in Greater China - Coatings World

What are you searching for?

Sign in
Breaking News, Financial News

Axalta Coating Systems to Increase Prices in Greater China

Author Image

By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Axalta Coating Systems will introduce price increases for customers in greater China in response to a substantial increase in the costs of raw materials. Price increases will affect certain refinish and industrial coatings customers and select light and commercial vehicle OEMs and sub-suppliers to these end markets. Specific price increases will be communicated directly to affected customers.

“The upward pricing pressure on the cost of our raw materials reflects multiple factors beyond our control including the availability of feedstocks, increased regulatory requirements, and a limited number of suppliers that meet our rigorous quality standards,” said Steven Markevich, Axalta executive vice president and president, Transportation Coatings and Greater China.

“While we have been absorbing cost inflation for the past several months, we have come to a point where we need our customers’ help and support in sharing a portion of these raw material increases. This has become necessary in order to continue to provide customers with the products, services and technologies that they rely upon from Axalta to support their growth,” explained Michael Cash, senior vice president and president, Industrial Coatings.

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters