Axalta and Durr Team Up to Provide Digital Paint Solution

Axalta Coating Systems Ltd. AXTA recently entered into a strategic agreement with Durr Systems AG to partner on automotive digital paint technology. The partnership will enable Axalta to combine its NextJet technology with Durr’s robotics integration.The digital paint technology will allow precise paint application. It is also referred to as an overspray-free application. In this partnership, AXTA will bring its coatings know-how, while Durr will serve as the robotics integrator for Axalta NextJet for light vehicle Original Equipment Manufacturers (OEM). Leveraging its partnership with Durr, AXTA is expected to better serve OEM customers because Durr has the proper understanding of the individual design requirements of vehicles.Demonstrations with Axalta NextJet on Durr robotics have already begun at Durr’s test center in Bietigheim, Germany. The partnership will help bring the technology faster to the market. Axalta had also entered into a digital paint partnership with Xaar in 2023. Xaar will continue to be an integral part of Axalta and Durr’s digital paint solutions.AXTA stock has gained 13.8% in the past year against the 15.4% decline of the industry.Image Source: Zacks Investment ResearchAXTA’s Zacks Rank and Key PicksAXTA currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Basic Materials space are Ingevity Corporation NGVT, Carpenter Technology Corporation CRS and Methanex Corp. MEOH. While NGVT sports a Zacks Rank #1 (Strong Buy), CRS and MEOH carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Ingevity’s current-year earnings is pegged at $2.75 per share. NGVT beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average earnings surprise being 95.4%. NGVT’s shares have gained 7.8% in the past year.The Zacks Consensus Estimate for Carpenter Technology’s current-year earnings is pegged at $6.77 per share. CRS beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 14.1%. CRS’ shares have soared 244% in the past year.The Zacks Consensus Estimate for Methanex’s current-year earnings is pegged at $3.49 per share. MEOH surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings surprise of 100.9%. The stock has gained 10.7% in the past year. Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Methanex Corporation (MEOH): Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA): Free Stock Analysis Report Ingevity Corporation (NGVT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks