Axalta lowers Q3 financial guidance by USD40 million citing chip shortage and inflation

Corporate developments

Axalta’s third quarter update follows those by Sherwin-Williams and PPG earlier in September

American coating systems supplier Axalta Coating Systems Ltd announced via press release on 20 September that it was updating its third quarter and full-year 2021 financial guidance given the ongoing supply chain issues its mobility customers are experiencing as well as continued raw material inflation and supply chain and logistics constraints impacting the coatings industry.

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