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Axalta history
Axalta company history timeline
1942 - Introduction of our first synthetic magnet wire coating for the electrical industry with high breakdown voltage and heat resistance
In September 1959, Plast Labor was founded in Bulle, Switzerland in the canton of Gruyere.
1960 - First impregnating resins based on unsaturated polyester
Application of wire enamels in 1962
1962 - Introduction of waterborne electrical steel coatings
1964 - First wire enamel based on THEIC-polyesterimide
1977 - Development of a solvent-free wire enamel – hotmelt
1984 - Debut: replacement of 2K to 1K resins; a world first head start in the lead of faster hardening, better handling as well as higher shelf life
1985 - First polyamideimide topcoat with an improved mechanical, chemical and thermal stability
1988 - Introduction of polyurethane wire enamels based on cresol-free solvents
1989 - First styrene and vinyltoluene-based impregnating resins
1993 - Introduction of electrical UV process: a new and innovative impregnating process for stators in combination with a new generation of UV-curable impregnating resins
1995 - Introduction of polyurethane wire enamels with temperature class H (temperature index >180°C), solderable at 375°C without stripping insulation
1996 - Organic-inorganic hybrid electrical steel coating
1997 - Development of low emission resins in order to meet stricter environmental regulations / requirements
1999 - First dredging ships coated with Abcite®
1999 - Herberts Group is acquired by E.I. DuPont de Nemours.
2002 - Introduction of a new monomer-free impregnating resin which contains a high amount of regenerative raw materials for the specific requirements needed within the wind energy sector
2003 - Abcite® approval in Hong Kong for cable tray protection
2005 - Waterborne electrical steel varnish with reduced VOC content
2005 - Abcite® obtains its first approval in Germany for contact with potable water
2006 - Renaming to EIS (Electrical Insulation Systems) - Market launch of a chromium-free C5 varnish
2008 - Launch of our trade mark "Voltatex®" - Market launch of a waterborne self-bonding varnish (electrical steel coating) - Market launch of a C5 varnish with improved weldability - Low viscosity, monomer-free impregnating resins, especially for capsulated motors
2009: The polymer powders plant in Bulle celebrates its 50th anniversary
2010 - Gotalene® presents its first Sensory Bar at the InCosmetic Event in Paris
2012 - New Voltron® technology based on polyamideimide wire enamel
2013 - DuPont Performance Coatings sold to “The Carlyle Group”, a private equity company.
2014 - Introduction of new generation C6 electrical steel varnish - Voltatex® 1262, targeted for use in special applications for large hydro and turbo generators where no formaldehyde degassing is desired.
Cromax has also been a Partner of the Punch Powertrain Solar Team, run by engineering students from the Catholic University of Leuven, Belgium, since 2015.
2016 - Launch of first waterborne impregnating resin in China.
In 2016, Axalta celebrates 150 years in the coatings industry.
As a Silver Partner, Cromax not only supplies and applies the paint for the specially designed solar car that competed in the 2017 Bridgestone World Solar Challenge in Australia, but also provides technical expertise.
2018 -Axalta introduces Voltatex 4224, a new, low-emission impregnating resin that allows for the design of smaller and more efficient motors, and for the significant reduction of the operating temperatures of standard design motors.
The Cromax Training Centre (CTC) in Mechelen, Belgium, also celebrates its own special 30th anniversary in 2018 as well.
2019 - Voltaprem 5000 wins Edison Best New Products™ Silver award in the Materials Science and Engineering category. - Voltatex 4224 wins prestigious R&D 100 Award.
2020 - Voltatex 4224 wins a Gold Edison Award in the Materials Science and Engineering category.
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Axalta competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Albemarle | 1994 | $5.4B | 5,900 | 61 |
| Ashland | 1924 | $2.2B | 6,500 | 39 |
| PlastiComp | 2003 | $13.0M | 5 | - |
| Owens Corning | 1938 | $11.0B | 17,000 | 246 |
| A. O. Smith | 1904 | $3.8B | 15,100 | 21 |
| Rockwell Automation | 1903 | $8.3B | 24,500 | 359 |
| Eaton | 1911 | $24.9B | 92,000 | 1,897 |
| Valent U.S.A | 1988 | $500.0M | 341 | 6 |
| Tronox | 2006 | $3.1B | 7,000 | 1 |
| Bayer | 1973 | $17.0B | 20,735 | 1,621 |
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Axalta may also be known as or be related to Axalta, Axalta Coating Systems, Axalta Coating Systems Canada Co., Axalta Coating Systems Ltd and Axalta Coating Systems Ltd.