Mayor Michael A. Nutter joined Axalta Coating Systems Chairman and CEO Charlie Shaver, Pennsylvania Labor & Industry Secretary Kathy Manderino, Deputy Mayor for Economic Development Alan Greenberger and PIDC President John Grady to announce that Axalta Coating Systems will develop its Global Innovation Center at the Philadelphia Navy Yard. The 175,000-square-foot facility will be the hub of Axalta’s worldwide Research & Development (R&D) and will create 190 new jobs in Philadelphia by 2018.
“Axalta’s decision to expand 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 A. 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 signal of the company’s commitment to our city.”
Axalta is a leading global developer, manufacturer, marketer and distributor of innovative, high performance coatings for the automotive, transportation, general industrial and architectural and decorative industries. Axalta is owned by The Carlyle Group and has more than 12,000 employees worldwide, 120,000 customers and revenues in 2012 of $4.3 billion. In 2013, the company relocated its global headquarters to Center City Philadelphia, creating almost 120 new high-paying jobs.
“Innovation is central to Axalta’s growth and ability to meet the needs of our customers years into the future,” explained CEO Charlie 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.”
Officials from the City of Philadelphia’s Commerce Department and PIDC worked with the Governor’s Action Team to bring this new facility to Philadelphia. Axalta received a funding proposal from the Department of Community and Economic Development that includes a $400,000 Pennsylvania First Program grant.
“The Axalta project demonstrates positive momentum for Pennsylvania’s ability to continue to attract new jobs,” Governor Wolf said. “Axalta is showing a true commitment to the Commonwealth of Pennsylvania and the City of Philadelphia by bringing nearly 200 high-paying jobs here along with the promise of future growth. This is exactly the type of investment in our future that I am confident will help our middle class thrive.”
Axalta Coating Systems is the latest in a series of companies and organizations that are relocating to or expanding in Philadelphia. For example WuXi AppTec recently broke ground on a new building at the Navy Yard and will add 375 employees to their current workforce of 250. Revzilla is also growing fast at the Navy Yard and with more than 200 employees while Dietz and Watson is constructing a $50 million distribution facility in North East Philadelphia, which will add around 160 new jobs. Philadelphia Financial, Hill International and EisnerAmper all recently announced expansions in Philadelphia adding almost 400 new jobs to the city. American Bible Society and HOK have moved to Philadelphia adding around 250 new jobs between them and Comcast is building a new Innovation and Technology Center which will create 1,500 new jobs here.
“Companies large and small from around the region and increasingly around the world are seeing Philadelphia as the place they need to be in order to attract talent, grow their business, and build their brands,” said Alan Greenberger, Deputy Mayor for Economic Development. “We work with a range of partners to market the city, identify prospects, and create a business-friendly atmosphere that encourages companies like Axalta to move here and then, once they have a presence, to expand even further. Axalta’s decision to add its Global Innovation Center to Philadelphia, joining its global headquarters, is further evidence of that.”
Axalta’s decision to locate its Global Innovation Center at the Philadelphia Navy Yard reinforces the Navy’s Yard’s position as one of the region’s most dynamic, vibrant and innovative campuses for businesses to locate and expand.
“There has been a long history of innovation at The Navy Yard – from the design and construction of state-of-the-art warships and commercial vessels, to today’s leading companies working on innovations like electric microgrids, energy efficiency, new cancer therapies and now coatings technologies that will be used on everyday products around the world,” said John Grady, President of PIDC. “We are thrilled that Axalta Coating Systems has chosen to locate its Global Innovation Center at The Navy Yard and continue this tradition of innovation for years to come.”