The Sherwin-Williams Company started construction of a 36,000-square-foot extension of its existing 200,000-square-foot manufacturing facility and new 800,000-square-foot distribution and fleet transportation center. The project also adds four new rail spurs at the existing manufacturing site and leaves another 200,000 square feet available for future expansion at the distribution site. State, county and local public officials, Sherwin-Williams employees, as well as project contractors and partners attended the ceremonial groundbreaking to celebrate the beginning of the project, which is expected to be complete by the end of 2024.

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. 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 Company announced in February that 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 looked at multiple locations for potential expansion opportunities in a competitive vetting process before selecting the Statesville facility. The Statesville facility was chosen for its transportation infrastructure, the strength of the current workforce and depth of the local talent pool, the facility's ability to handle additional capacity, and a location that provides for the centralization of existing distribution opportunities for the Company's regional operations. Additionally, Sherwin-Williams will receive approximately $30 million in state, county and local government incentives toward the project.

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.