The Sherwin-Williams Company has announced it signed an agreement with the state of North Carolina, Iredell County and the city of Statesville to significantly expand its architectural paint and coatings manufacturing capacity and establish a larger distribution facility in Statesville, North Carolina. Sherwin-Williams plans to invest a minimum of $300 million in the project and add more than 180 full-time jobs at the site over the next three years, which would essentially double the existing workforce.
The project will include a 36,000-sq. ft. extension of its existing 200,000-sq. ft. manufacturing facility, the addition of four new rail spurs, as well as the construction of a new 800,000-sq.-ft. distribution and fleet transportation center, which has another 200,000 sq. ft. available for future expansion.
Together, the facility upgrades will add millions of gallons of annual manufacturing capacity and sizable pallet storage capacity to support the company in meeting increasing demand for its architectural paint and coatings products.
The company considered multiple locations for expansion opportunities in a competitive vetting process before selecting the Statesville facility. Among the reasons the Statesville facility was chosen include its transportation infrastructure, ability to handle expanded capacity and its location that provides for the centralization of existing distribution opportunities for the company’s regional operations. In addition, Sherwin-Williams is pleased with the high quality of its current workforce at its North Carolina facilities and is confident in having continued access to top talent across the state that meets the company’s needs.
Furthermore, Sherwin-Williams will receive incentives and benefits valued at approximately $30 million from the state, county, and local government as part of the agreement. This investment reflects the strength of the public-private partnership between Sherwin-Williams and the state of North Carolina, Iredell County and the city of Statesville and underscores the Company’s confidence in the region and its people.
Construction is expected to start by the third quarter of this year, with all work slated to be completed by the end of 2024. The manufacturing facility will continue to operate for the duration of the project.