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French car maker Renault has honoured Axalta Coating Systems with a supplier award for innovation following the release of its new refinish fast-cure clearcoat technology.

Among other awards recognising quality, corporate social responsibility and design at a ceremony in Paris, Axalta emerged as the only company to receive an honour for innovation this year.

Axalta executive Adrian Schrobiltgen said that its recently expanded technology centre will set out to the position the company as leader in the industry.

“We are very honoured to have been selected by Renault for this award.

"Axalta is a company driven by the desire to help its customers achieve their goals, and that means we continually invest in developing new innovations to meet specific customer needs.

"We have just recently expanded our European Technology Center in Wuppertal, Germany, the home to our liquid coating research facilities where 300 professionals research and create next-generation coatings and services so that we can continue to deliver cutting-edge technology to our customers.”

Axalta has been in the coatings game for over 150 years, launching in 1866.

It currently operates 38 manufacturing facilities and four global technology centres.

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