|11/04/13 at 4:30 p.m. ET|
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|Barnes Aerospace Expands Manufacturing Operations in Singapore|
BRISTOL, Conn.--(BUSINESS WIRE)--June 13, 2005--Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE: B), today announced that it is expanding manufacturing operations in Singapore. The new Barnes Aerospace Singapore facility will produce precision aerospace components for use in a wide range of aircraft engine applications. Barnes Aerospace's two facilities in Singapore, one for repair and overhaul operations and the second for original equipment manufacturer (OEM) manufacturing, provide state-of-the-art repair and overhaul and OEM manufacturing capabilities.
"Barnes Aerospace continues to globalize its manufacturing operations to better meet the demand of our worldwide customer base," said Patrick Dempsey, President, Barnes Aerospace. "By expanding our presence in Singapore, Barnes Aerospace increases our global manufacturing capacity in one of the major aviation centers in Asia."
"We're very excited about Barnes Aerospace's new manufacturing plant in Singapore. This is a firm endorsement of Singapore's attractiveness as a leading aerospace hub in Asia. We are confident that the presence of global aerospace players and supporting industries here will offer a comprehensive marketplace for Barnes Aerospace to tap on and grow," said Manohar Khiatani, Director, Logistics & Transport, Singapore Economic Development Board.
Barnes Aerospace produces precision machined and fabricated components and assemblies for original equipment manufacturer (OEM) turbine, airframe and industrial gas turbine builders throughout the world. Barnes Aerospace also provides jet engine overhaul and repair services for many of the world's major commercial airlines and military applications.
Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal components and assemblies and a distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three businesses with 2004 sales of $994.7 million: Barnes Distribution, an international, full-service distributor of maintenance, repair, operating, and production supplies; Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs and a global supplier of retaining rings, reed valves, shock discs, and injection-molded plastic components; and Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and components for commercial and military aircraft engines, airframes, and land-based industrial gas turbines. Over 5,900 dedicated employees at 60 locations worldwide contribute to Barnes Group Inc.'s success.
CONTACT: Barnes Group Inc. Investor Relations Brian D. Koppy, 860-973-2126 or Corporate Communications Stephen J. McKelvey, 860-973-2132 SOURCE: Barnes Group Inc.