Axalta Announces Location of New Global Innovation Center
Oct. 16, 2015—On Thursday, Axalta Coating Systems announced that its new Global Innovation Center will be located at The Navy Yard in Philadelphia. The 175,000-square-foot facility will be home to Axalta’s global research, product development, and technology initiatives and partner with the company’s other technology centers in the Americas, Europe and Asia-Pacific.
The project is being developed by Liberty Property Trust and Synterra Partners. Axalta has entered into a long-term lease agreement for the building. Construction is expected to be complete in late 2017 and full operation is expected in 2018. Axalta will bring at least 190 new jobs to Philadelphia with the possibility of additional positions in the future.
The project was announced at The Navy Yard by Charlie Shaver, Axalta chairman and CEO; Kathy Maderino, Pennsylvania's secretary for labor and industry; and Michael Nutter, mayor of Philadelphia.
“Innovation is central to Axalta’s growth and ability to meet the needs of our customers years into the future,” said Shaver. “Coatings are a critical component of so many everyday products. Cars and other vehicles, motors and electronic components, automotive parts, white goods and countless other materials exposed to the elements rely on coatings to make them not only beautiful, but more durable, energy-efficient, and productive. Our Global Innovation Center will ensure Axalta sets the pace for coatings technology around the world.”
Axalta’s team at the Global Innovation Center will develop next generation coating products and keep pace with emerging application needs, such as vehicles increasingly using lightweight plastics and composite materials to save fuel, which require special coating formulations. Developing products to suit the future needs of the industry will be the mission of the Global Innovation Center and Axalta’s worldwide research and development network.
"Axalta locating its Global Innovation Center in Philadelphia is tremendous news for Pennsylvania's workforce," said Maderino. "The addition of nearly 200 high-paying jobs will stimulate the local economy and help to spur continued growth at The Navy Yard in Philadelphia. Governor Wolf and I look forward to seeing more companies make Pennsylvania home, as we continue to rebuild the workforce and encourage a pro-business climate here."
“Axalta’s decision to expand further in Philadelphia and bring its Global Innovation Center to the Navy Yard is further evidence of Philadelphia’s standing as one of the nation’s leading innovation hubs and a place for exciting businesses to start, stay and grow,” said Mayor Michael Nutter. “We were excited to welcome Axalta’s global headquarters to Philadelphia in 2013 and this additional presence, bringing almost 200 new jobs by 2018, is a signal of its commitment to our city.”