New Savli plant will double the company’s India capacity to better serve the fast-growing automotive sector.
Axalta inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat, India. Approximately 70 guests, including local government officials, customers, university representatives, media, and employees attended the opening ceremony, over which Axalta Chairman and CEO Charlie Shaver presided.
The 5,200 square metre plant is part of Axalta’s Savli manufacturing site that produces Axalta coatings for refinish, automotive parts and commercial vehicle customers. The new plant will double Axalta’s coating manufacturing capacity to meet the growing demand for coatings in light vehicles, commercial vehicles, and industrial segments.
Axalta continues to make significant investment in India in line with its India growth strategy. Since 2016, Axalta has opened a new and expanded Technology Centre in Savli dedicated to the Indian automotive segment. Its new Axalta India headquarters in Gurugram, within the National Capital Region, also hosts Axalta’s global IT and other back office functions. Axalta has continued to further invest and upgrade its refinish training centers throughout India to better serve customers in the growing market.
“These facilities and the significant investments made in the past couple of years are in sync with Axalta’s strong commitment to India to deliver innovative and comprehensive coating solutions to our customers in every sector of the automotive market and in other industry sectors. I am confident that Axalta’s global expertise in coatings will play a significant role in India, catering to our customers’ specific coatings requirements,” said Shaver.
According to the World Bank, India’s GDP growth rate in 2017 was 7.2 percent, which makes it the world’s fastest growing economy. Last year, India’s automotive sector contributed about 7 percent of India’s annual GDP, finishing the year to become the fourth largest in the world with more than three million cars manufactured. Industry observers are optimistic that India will be the third largest globally by 2020 with an estimated five million units sold, surpassing Japan’s 4.4 million units and coming in behind United States at 17.1 million units and China with 24.2 million units.
Taking advantage of the booming automotive market, Axalta Savli’s new plant will be able to expand production capacity of both high and low temperature cured coatings. The facility is also designed to scale up to produce waterborne coatings for customers’ conversion to more sustainable solutions. The new plant employs environmentally responsible processes and is designed for low emissions. This helps to ensure a healthy environment for the community and a sustainable future for Axalta.
“Axalta has been widely recognized by its customers in India for excellent performance and service commitments in the refinish and industrial segments. We now look forward to bringing the same kind of commitment to meet the growing demand of the Indian automotive and industrial OEMs,” said Vinay Rajadhyaksha, Managing Director, Axalta Coating Systems India.
Axalta, which established business in India in 1996, also has offices and regional training centers in Gurugram, Mumbai, Kolkata, Bengaluru and Vadodara, and supports an extensive product distribution network across the country.