CHICAGO -- Anaconda Industries, a metals company, is relocating from Waterbury, Conn., to Rolling Meadows, Ill., Gov. James R. Thompson announced Friday.
Eighty employees will be relocated and the company will hire about 125 persons locally.
Anaconda will move its technical center to an as yet undetermined site near Rolling Meadows. Anaconda President Willard Chamberlain said the technical center will employ about 200 persons.
A main reason for the move is the Chicago area's 'geographic location which puts the company's headquarters within 600 miles of 12 of its 17 manufacturing locations where 77 percent of the company's employees are located,' Chamberlain said.
The relocation was announced at a joint news conference by Thompson, Chamberlain and other state officials.
'Anaconda's reason for locating in the Chicago area underscores what we have been telling American industry for a long time,' Thompson said.
'Illinois is at the center of the nation's business and transportation network and, therefore, the ideal location for both manufacturing and headquarters facilities.'
The firm, owned by Atlantic Richfield, is the world's largest supplier of brass products for industry.