Sherwin-Williams to expand manufacturing and distribution capabilities in North Carolina
In February of 2022, Sherwin-Williams signed an agreement with the state of North Carolina to expand its architectural paint and coatings manufacturing capacity and establish a larger distribution facility in Statesville, North Carolina. The company is set to invest at least $300.0 million into this project over the next 3 years which is expected to generate 180 new jobs. These upgrades will enable the facility to add millions of gallons to its manufacturing capacity and storage capabilities. One of the main reasons the company chose to expand its Statesville facility can be attributed to its transportation infrastructure. This investment is to build upon the company’s growth plans over the next few years.
New Activity|ESG|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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