Sherwin-Williams Increases Capacity

The Sherwin-Williams Company (NYSE: SHW) is pleased to announce that it signed an agreement today with the state of North Carolina, Iredell County and the city of Statesville to significantly expand its architectural paints and coatings manufacturing capacity and establish a larger distribution facility in Statesville, North Carolina. Sherwin-Williams plans to invest a minimum of USD 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-square-foot extension of its existing 200,000-square-foot manufacturing facility, the addition of four new rail spurs, as well as the construction of a new 800,000-square-foot distribution and fleet transportation center, which has another 200,000 square feet 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 paints and coatings products. Reference