IREDELL COUNTY, N.C. — North Carolina Gov. Roy Cooper announced Tuesday that Sherwin-Williams Company, the well-known global manufacturer of paints and coatings, will create 183 jobs in Iredell County as it expands its facilities in Statesville.
The company will invest $324 million to expand its manufacturing capacity and establish a larger distribution facility at the site.
“Manufacturers choose North Carolina time and again, thanks to our state’s skilled workforce, modern transportation networks, and central, East Coast location,” said Governor Cooper. “Companies already doing business here understand our strengths best, and we’re glad Sherwin-Williams will continue to call our state home.”
As the nation’s largest specialty retailer of paint and painting supplies, Sherwin-Williams, which was founded in 1866, supports both do-it-yourselfers and painting professionals with exclusive products and expert, personalized service at nearly 4,500 company operated stores across North America.
The Sherwin-Williams project in Statesville will include a 36,000-square-foot extension of its existing 200,000-square-foot manufacturing facility, the addition of four new rail spurs, and the construction of a new 800,000-square-foot distribution and fleet transportation center, according to a news release. The upgrades to the location will add millions of gallons of annual manufacturing capacity to help the company meet the increasing demand for its architectural paint and coatings products.
“The planned investment at our Statesville facility supports meeting the expanding needs of our customers in the region,” said John G. Morikis, Sherwin-Williams Chairman, President, and Chief Executive Officer. “We want to thank all of the public entities involved in working with us to achieve our combined goals that drive economic development, add good-paying jobs and support the surrounding community.”
The new positions will help the community see more than $10 million enter its economy each and every year, due to the payroll impact from the new jobs, once the positions are filled.
The Sherwin-Williams project in North Carolina will be facilitated, in part, by a Job Development Investment Grant approved by the state’s Economic Investment Committee. According to a news release, over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.1 billion.
“This is a great day for Statesville! Sherwin-Williams’ decision to expand its footprint here represents the largest single investment in the history of our city,” said Statesville’s Mayor Costi Kutteh. “We have worked extremely hard to accomplish this result and we are grateful to Iredell EDC, Iredell County, and the State of North Carolina for their tremendous partnership with our city. We pledge our collective support to ensure their continued success.”
