U.S. multinational conglomerate Honeywell said on Friday it planned to relocate its global corporate headquarters to Charlotte, the state of North Carolina.

Besides, Honeywell said it planned to relocate the headquarters of its Safety and Productivity Solutions (SPS) business group to Charlotte as well.

"Charlotte is a top-10 destination city in the U.S. that will readily enable us to recruit and retain the world-class talent we will need over the long term to support Honeywell's strategic focus on leading technology and software solutions within our end markets," said Darius Adamczyk, chairman and chief executive officer of Honeywell.

The New Jersey-based company plans to add about 500 jobs to Charlotte over the next five years while moving a total of 250 positions to Charlotte from the original locations of its global corporate headquarters and SPS.

"Our decision does not reflect any issues with the quality of our experience in New Jersey," Adamczyk added. "New Jersey will remain a substantial employment center for us."

According to Honeywell, approximately 1,000 employees would remain in New Jersey across the company's six locations in the state.

Honeywell is a multinational company that provides aerospace products and services, control technologies for buildings and industry, and performance materials.