Sugar Grove-based Chicago Industrial Fasteners LLC announced a new partnership with Spain's Matz-Erreka SCL to market and distribute large bolts and rods for wind turbines. The agreement, which will bring the high-strength bolts that are used to hold together and anchor wind turbines from Spain to the United States, is expected to help CIF expand its wind power parts business in the U.S. While CIF will import the parts initially, the plan is to shift production to Sugar Grove, creating “conservatively 10 to 20 jobs,” according to John Price, the firm's president. Figuring in both transportation costs and the exchange rate, “we can be a lot more competitive if we don’t have to ship it from Spain.”
