Gurgaon HQ to support strong growth in Indian auto industry.
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
