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
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.
Brian D. Koppy, 860-973-2126
Stephen J. McKelvey, 860-973-2132
SOURCE: Barnes Group Inc.