BRISTOL, Conn., Feb 21, 2006 (BUSINESS WIRE) -- Barnes Aerospace, a business unit of Barnes Group Inc.
(NYSE: B), today announced that it is expanding operations in
Singapore with the opening of its third facility, a 37,000 square-foot
manufacturing location, to produce precision aerospace components for
use in a wide range of aircraft engine applications.
Barnes Aerospace has two other facilities in Singapore, one for
aftermarket operations and the second for original equipment
manufacturing (OEM), each providing state-of-the-art capabilities. The
Singapore operations are an integral part of Barnes Aerospace's
strategy to improve overall competitiveness, leverage existing
infrastructure, and provide global manufacturing capabilities to
support production of new aircraft engine components and aftermarket
spares.
"With the addition of a second OEM operation in Singapore, Barnes
Aerospace is increasing its global manufacturing capacity," said
Patrick J. Dempsey, President, Barnes Aerospace. "This new
manufacturing operation, in one of the major aviation centers in Asia,
adds to our worldwide capacity and leverages our existing technical
expertise and resources to better service our global customers."
"We welcome Barnes Aerospace's expansion of its activities in
Singapore, which now includes manufacturing of aerospace components,
in addition to aerospace component repair. Barnes Aerospace's
expansion underlines Singapore's competitiveness both as a leading hub
for Maintenance Repair and Overhaul (MRO), and as a cost competitive
and attractive location for aerospace components manufacturing," said
Mr. Teo Ming Kian, Chairman, 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 component overhaul
and repair services for many of the world's 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
2005 sales of $1.1 billion: 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 products 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 aircraft engines, airframes, and land-based industrial
gas turbines. Over 6,000 dedicated employees at more than 60 locations
worldwide contribute to Barnes Group Inc.'s success.
SOURCE: Barnes Aerospace
Barnes Group Inc.
Investor Relations
Brian D. Koppy, 860-973-2126
or
Corporate Communications
Stephen J. McKelvey, 860-973-2132
