BRISTOL, Conn.--(BUSINESS WIRE)--June 11, 2007--The Barnes
Distribution business segment of Barnes Group Inc. (NYSE:B) today
announced the opening of an international sourcing center in Shanghai,
China. The international sourcing center is located in the Xujiahui
District in Shanghai, the commercial capital of China.
"Our continued efforts to service our customers as effectively and
efficiently as possible will be enhanced with the opening of the
international sourcing center in Shanghai," said Idelle K. Wolf,
President, Barnes Distribution. "Our presence in Shanghai will provide
a competitive edge for Barnes Distribution, and is an important
milestone within the Global Product Sourcing initiative of Barnes
Distribution's previously announced Project Catalyst.
"Project Catalyst initiatives are focused on streamlining Barnes
Distribution's operations, improving sales, accelerating
profitability, and generating greater customer satisfaction and
delivery metrics. Coupled with an extensive network of reliable global
suppliers, our investment in Shanghai is part of our forward
development of a rigorous product quality assurance system," continued
China has a well-established supplier base, particularly for key
products such as fasteners, electrical components, and various
transportation product lines. The Shanghai sourcing center will
complement a previously established sourcing center in Taiwan.
Together, the two offices will work to cover Asia.
A market leader in vendor managed inventory, Barnes Distribution
is a full service distributor of maintenance, repair, operating and
production supplies. Barnes Distribution distributes products in more
than 40 countries and is supported by distribution centers and sales
centers across the globe. Barnes Distribution provides a wide variety
of high-volume replacement parts and other products as well as
inventory management and logistics services to a diverse customer
Celebrating its 150th anniversary in 2007, Barnes Group Inc.
(NYSE:B) is an international aerospace and industrial components
manufacturing and distribution company focused on achieving
consistent, sustainable and predictable results. Founded in 1857,
Barnes Group consists of three businesses: Barnes Aerospace, Barnes
Distribution and Barnes Industrial. Over 6,600 dedicated employees at
more than 65 locations worldwide contribute to Barnes Group Inc.'s
success. The Company has paid cash dividends to stockholders on a
continuous basis since 1934. For more information, visit
CONTACT: Barnes Group Inc.
Brian D. Koppy, 860-973-2126
Stephen J. McKelvey, 860-973-2132
SOURCE: Barnes Group Inc.