Axalta Coating Systems Ltd (NYSE:AXTA) has introduced a new electrical steel coating named Voltatex® 1230. Its release extends company’s comprehensive portfolio of ecologically-responsible and innovative insulating liquid coatings that safeguard generators or motors, small transmitters and transformers.
Christoph Lomoschitz of Axalta reported that their electrical steel coatings have a remarkable reputation for offering strong performance for their consumers. At company they advance with purpose. They continually strive to launch new offerings to the market that provide increased benefits and extend their consumers’ offerings; Voltatex 1230 marks as no exception. This new offering complements their current Voltatex products perfectly.
Voltatex is a comprehensive range of top-performance varnishes that fulfill the C5, C6 and C3 insulation classes as per the global AISI-ASTM A 976-9 standards. Like all of company’s C3 electrical steel coatings, this new product is an organic-based varnish that offers increased punchability, corrosion resistance and exceptional insulation properties.
Axalta is a major global firm focused merely on coatings and offering consumers with colorful, beautiful, sustainable and innovative solutions. From light OEM automobiles, refinish applications and commercial vehicles to electric motors, pipelines and buildings, their coatings are intended to prevent corrosion, enhance productivity and allow the materials they coat to stay longer. With experience of more than 150 years in the market of coatings, the 13,300 people of Axalta Coating continue to find solutions to serve over 100,000 customers in 130 nations better every day with the best coatings, technology and application systems.
In the last trading session, the stock price of gained 0.49% to close the day at $32.57. The gains came at a share volume of 2.37 million compared to average share volume of 3.47 million. After the recent gain, the market cap of firm was noted at $7.9 billion. The stock has recorded gains of over 19% so far in this year.