Axalta Coating Systems increases prices for powder coatings in Europe, the Middle East and Africa

A substantial rise in raw material costs forces up pricing.

Axalta Coating Systems, a leading global supplier of liquid and powder coatings, has introduced price increases for powder coatings in Europe, the Middle East and Africa (EMEA). The move is in response to a surge in raw material costs.

“Prices for our raw materials have increased significantly since the summer 2016. Despite our efforts to peruse and to implement cost savings while at the same time working closely with our suppliers to minimise the effect of the raw material price rises on our customers, Axalta is no longer able to absorb these cost increases without affecting our high level of services and superior product quality that our customers expect from us  and that we are committed to deliver,” says Thomas Kopp, Vice President of Industrial Coatings for the EMEA region at Axalta. “It is therefore necessary to pass along some of these increases to our customers.”

Customers will be contacted with regards to how the product price increases will affect them.

About Axalta Coating Systems

Axalta is a leading global company focused solely on coatings and providing customers with innovative, colourful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer. With more than 150 years of experience in the coatings industry, the approximately 13,000 people of Axalta continue to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application systems and technology.

For more information visit axalta.com and follow us @Axalta on Twitter and on LinkedIn.