MOSCOW (MRC) -- The Sherwin-Williams Company holds a ceremonial groundbreaking to mark the start of construction of a 36,000 square foot extension of its existing 200,000 sq ft manufacturing facility and new 800,000 square foot distribution and fleet transportation centre, said the company.
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. The project is expected to be completed by end-2024.
Sherwin-Williams plans to invest a minimum of $300 M 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 Feb 2022 that it signed an agreement with the state of North Carolina, US, 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, NC, US. 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.
We remind, Sherwin-Williams Company has announced an agreement to acquire Industria Chimica Adriatica (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and decor, building products, flooring and other specialty applications.