"We are very pleased to be signing this joint venture agreement for deeper cooperation with Kinlita," said Michael Cash, Senior Vice President of Axalta Coating Systems and President of Axalta's Industrial Coatings business. "Our agreement brings together our leadership position in supplying the commercial vehicle market globally with advanced coating technologies, such as our environmentally responsible waterborne primer and basecoats that can help commercial truck manufacturers reduce their overall environmental footprint, and Kinlita's rich history and strong market position. This is a win-win development – for our customers and for both of our companies in China."