Axalta Coating Systems, Burger King and Coty Receive "Tell Awards" for Foreign Direct Investment in Switzerland

NEW YORK, Oct. 23, 2018 /PRNewswire/ -- Axalta Coating Systems, Burger King, and Coty have received a 2018 Tell Award from the government of Switzerland, recognizing their significant inward investment projects, reports Daniel Bangser, Director North America for Investment Promotion and Trade Commissioner of Switzerland. The awards, named for legendary Swiss folk hero William Tell, were presented by Giorgio Pompilio, Acting Consul General of Switzerland; Patrik Wermelinger, Head of Investment promotion at Switzerland Global Enterprise; and Mr. Bangser on October 11, 2018 at the "Inspiring Innovation Conference," hosted by Bloomberg in New York.

Strong business relationship between the US and Switzerland

The United States and Switzerland have a long and solid business history, and Switzerland is particularly proud to be the seventh largest source of foreign investment in the US, ahead of many larger economies. Today approximately 85,000 people in Switzerland work for US companies, and some 500,000 people in the US work for Swiss companies.

In his remarks, Acting Consul General Pompilio noted "we are delighted to honor these three global leaders, which are among nearly 2,000 American firms in Switzerland. We are proud of their success in international expansion in Switzerland, which is well deserving of recognition."

Mr. Bangser added, "Across sectors, American firms choose Switzerland for the multi-lingual talent, American-like employment laws, and economic/political stability – just a few of the reasons that the World Economic Forum ranks Switzerland as the 'World's Most Competitive Country' for business."

The 2018 Tell Award winners

Axalta Coating Systems manages approximately 5,000 employees from its EMEA Headquarters in Basel. Burger King's operation in Canton Zug serves as the company's EMEA Headquarters, the International HQ of subsidiary Tim Hortons, and the Global Procurement office of parent company Restaurant Brands International. Coty has several operations in the Geneva region including the World Headquarters for its Global Professional Beauty division, Global Supply Chain and Global Travel Retail business; as well as a Regional Headquarters for Europe; and a Center of Excellence in R&D.

About the Tell Awards

Nearly 50 American companies have received a Tell Award since its inception in 2005. Tell Awards are a program supported by Switzerland Global Enterprise, the Swiss government agency that assists American companies with evaluation and setup in Switzerland. Follow Switzerland on Twitter (@investCH, @sbh_usa) and LinkedIn (www.s-ge.com/linkedin-invest) or visit us at www.s-ge.com/invest.

Contact:
Daniel Bangser
212-599-5700
[email protected]

SOURCE Switzerland Global Enterprise