Sherwin-Williams Expands Manufacturing Capacity at Statesville
The Sherwin-Williams Company SHW marked the opening of its expanded architectural paint and coatings manufacturing facility in Statesville, NC, strengthening its manufacturing, distribution and logistics capacities. The expanded site is now the company’s largest manufacturing plant in North America.
The expansion added improvements to nearly 50,000 square feet of area, including expanded production space, automation enhancements, four new rail spurs and related infrastructure. These investments are aimed at increasing manufacturing capacity and improving operational efficiency while enabling Sherwin-Williams to respond more readily to customer demand.
The Statesville facility also complements a nearby distribution service center and serves as an integrated hub connecting production, transportation and distribution with the company’s global operations. The site’s access to transportation infrastructure, skilled workforce and strategic location also supports its long-term growth perspective.
Sherwin-Williams has operated the Statesville facility since 1993, and the latest investment reflects its continued focus on strengthening its North American manufacturing and distribution network. Enhanced rail infrastructure and automation streamline material handling and improve operational efficiency. The project also benefited from a public-private partnership involving the state of North Carolina, Iredell County and the City of Statesville, which approved incentives supporting the investment.
SHW shares have fallen 6% in the past year compared with the industry’s 0.9% decline in the same period.
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SHW’s Zacks Rank & Key Picks
SHW currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Reliance, Inc. RS, Avient Corporation AVNT and Kronos Worldwide, Inc. KRO.
While RS sports a Zacks Rank #1 (Strong Buy), AVNT and KRO carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $22.53 per share, indicating a 58% year-over-year increase. RS’shares have gained 34.7% over the past year.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.5% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’sshares have gained 23.5% over the past year.
The Zacks Consensus Estimate for KRO’s 2026 earnings is pegged at 35 cents per share, indicating a rise of 136.5% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the rest, with an average surprise of 34%.
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This article originally published on Zacks Investment Research (zacks.com).
