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Sherwin Williams to invest $324M In North Carolina Expansion to create new jobs

By Nagasunder in Business News, posted February 16, 2022

Sherwin Williams will spend more than $300 million to expand its architectural paint and coatings manufacturing capacity and open a larger distribution center in Statesville, North Carolina.

The firm expects to invest $324 million and create more than 180 jobs in an expansion that will nearly quadruple the existing workforce at the Iredell County location, over the next three years.

John G. Morikis, chairman, president and CEO, of Sherwin-Williams said “Sherwin-Williams continues to invest in initiatives that support our growth for years to come.

"The planned expansion of our Statesville facility demonstrates a deep commitment to both our customers and the region, this investment will not only allow us to meet the growing customer demand in the region, but it will also add a number of good-paying jobs to our already vibrant employee base in the community.”

A 36,000-square-foot addition to the company's existing 200,000-square-foot production facility will be included in the project.

The project will see four new rail spurs built, as well as a new 800,000-square-foot distribution and fleet transportation hub with an additional 200,000 square feet for future development.

The modifications will boost the company's ability to store pallets and provide millions of gallons of annual manufacturing capacity to help the company meet the demand for its architectural paint and coatings products.

The site in Statesville was chosen for a variety of factors, including its transportation infrastructure, ability to handle increased capacity, and location that allows for the consolidation of current distribution opportunities.

Leaders at Sherwin-Williams said they are quite satisfied with the outstanding quality of their current staff at its North Carolina plants and are optimistic that they will continue to have access to top talent across the state.

As part of the arrangement, Sherwin-Williams will get incentives and perks of approximately $30 million from the state, county, and local governments.

Governor Roy Cooper said “Sherwin-Williams has long been a top employer in North Carolina.

"There are currently more than 2,400 full-time Sherwin-Williams employees working in the state, and [this] announcement ensures a substantial number of jobs will be added over the next three years, because of this continued partnership, the state was pleased to provide the necessary financial incentives to support the company’s decision to grow its footprint in the city of Statesville for years to come.”

Statesville Mayor Costi Kutteh added: “Sherwin-Williams has been an integral part of the Statesville community since 1993. We are thrilled that they decided to continue to invest in our city, our region, and our people by expanding their footprint and adding career opportunities with today’s announcement,”.

“We look forward to seeing the progress of the project and to welcoming new Sherwin-Williams employees to the enhanced facility in 2024.”

Construction is set to begin in the third quarter of this year, with all work completed by the end of 2024. The manufacturing facility will remain open during the course of the project.

Source: Businessfacilities

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