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India becomes Axalta’s focal point in Asia Pacific

Fiinews by Fiinews
May 3, 2017
in Investment, Manufacturing
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Gurgaon HQ to support strong growth in Indian auto industry.

Sobers Sethi (Left), Axalta Vice President and President, Emerging Markets and Robert Bryant, Executive Vice President and Chief Financial Officer of Axalta cut ribbon at new India headquarters’ opening on 2 May 2017.

India continues to be a focal point in Axalta Coating System’s (NYSE: AXTA) growth plans in the Asia Pacific region, with the country’s auto industry projected to grow at 7% CAGR over the next five years.

“As a key emerging market, India continues to be a focal point in Axalta’s growth plans in the Asia-Pacific region,” said Sobers Sethi, Axalta Vice President and President, Emerging Markets.

He cited industry estimates of approximately 7% CAGR over the next five years at the opening of the leading global supplier of liquid and powder coatings’ headquarters office for India in Gurgaon (Gurugram).

The new office opened 2 May 2017 within the National Capital Region house an Axalta Global Business Resource Center to provide a variety of services to the company’s operations in the region and around the world.

Axalta expects increased demand for refinish products with leading brands such as Cromax®, Standox®, Duxone®, Lucite®, and Nason®.

Sales of Axalta’s industrial coating products such as AquaEC™ and Voltatex® are poised to take advantage of infrastructure expansion, he added.

Axalta established its India business in 1996. Today, it operates a manufacturing plant in Vadodara, Gujarat, along with offices and regional training centers in Gurugram, Mumbai, Kolkata, Bengaluru and Vadodara, and supports an extensive product distribution network across the country. fii-news.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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