Sherwin-Williams has broken ground on expanding manufacturing and distribution facilities in Statesville, North Carolina. | So Good News

Additional manufacturing capacity and a new distribution center will come online in 2024.

Cleveland, October 26 2022 /PRNewswire/ — The Sherwin-Williams Company (NYSE: SHW ) held a grand opening today to mark the start of construction on a 36,000-square-foot expansion of its current 200,000-square-foot facility. Foot Distribution and Fleet Transportation Center. The project also adds four new rails to the existing manufacturing space and leaves an additional 200,000 square feet for future expansion in the distribution space.

“Today marks an important milestone for Sherwin-Williams.” John G. MorikisSherwin-Williams Chairman and CEO; “This project will support our growth for years to come. We are proud to be a part of the community here and grateful to work with local and state officials.”

state District and local officials; Sherwin-Williams employees, as well as project contractors and partners, attended a groundbreaking ceremony to celebrate the start of the project, which is expected to be completed by the end of 2024.

The plant upgrades will add millions of gallons of annual production capacity and extensive flooring storage to support the company in meeting its architectural paint and coatings demand. Sherwin-Williams plans to invest at least 300 million dollars The project will add more than 180 full-time jobs at the site over the next three years, doubling the existing workforce.

An agreement with the company was announced in February. North Carolina, Iredell County After Statesville to significantly expand its architectural paint and coating production capacity and establish a larger distribution facility; Statesville, North Carolina.

The competitive vetting process looked at several locations for potential expansion opportunities before choosing Sherwin-Williams. Statesville building. Hi Statesville its transportation infrastructure; depth of existing workforce and regional talent pool; The location was chosen for its ability to handle additional capacity and centralize existing distribution opportunities for the company’s regional operations.

“This project Statesville added from North Carolina It has a reputation as a leading workforce location for modern manufacturing,” he said. North Carolina Governor Roy Cooper. “Our state is committed to the education and training that will create success for the more than 2,400 full-time Sherwin-Williams employees in our state and more for years to come.”

In addition, Sherwin-Williams will receive approx. 30 million dollars State for the project District and local governments provide incentives. This investment reflects the strength of the public-private partnership between Sherwin-Williams and the state government. North Carolina, Iredell County After Statesville It underlines the company’s trust in the region and its people.

“We are thrilled that The Sherwin-Williams Company, an integral part of our community since 1993, has chosen to make a significant investment. Statesville Both for production and distribution factories,” he said. Statesville Mayor Costi Kuteh. “The decision to expand their footprint here represents the largest paint venture for the company. North America Based on total gallonage and the largest single investment in our city’s history.”

ABOUT THE SHERWIN-WILLIAMS COMPANY

Founded in 1866, the Sherwin-Williams Company is a professional, industry paint to commercial and retail customers; manufacture of coatings and related products; development A world leader in distribution and sales. The company manufactures products under well-known brands such as Sherwin-Williams®, Valspar.^®Home of HGTV^® Sherwin-Williams; Dutch boy^®Krylon^®Minwax^®, Thompson’s^® Waterfall^®Cabot^® and many others. With global headquarters Cleveland, OhioSherwin-Williams^® Branded products are sold exclusively through a chain of more than 5,000 company-operated stores and facilities, as well as top sellers of the company’s other brands. home centers; independent paint dealers; hardware stores; Sold through automotive retailers and industrial distributors. Sherwin-Williams Performance Coatings Group serves construction, construction, and automotive applications in more than 120 countries worldwide. industry Provides a wide range of engineered solutions for the packaging and transportation markets. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.

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Source The Sherwin-Williams Company