21.02.2006 14:13:00
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Barnes Aerospace Adds Third Manufacturing Facility in Singapore
Barnes Aerospace has two other facilities in Singapore, one foraftermarket operations and the second for original equipmentmanufacturing (OEM), each providing state-of-the-art capabilities. TheSingapore operations are an integral part of Barnes Aerospace'sstrategy to improve overall competitiveness, leverage existinginfrastructure, and provide global manufacturing capabilities tosupport production of new aircraft engine components and aftermarketspares.
"With the addition of a second OEM operation in Singapore, BarnesAerospace is increasing its global manufacturing capacity," saidPatrick J. Dempsey, President, Barnes Aerospace. "This newmanufacturing operation, in one of the major aviation centers in Asia,adds to our worldwide capacity and leverages our existing technicalexpertise and resources to better service our global customers."
"We welcome Barnes Aerospace's expansion of its activities inSingapore, which now includes manufacturing of aerospace components,in addition to aerospace component repair. Barnes Aerospace'sexpansion underlines Singapore's competitiveness both as a leading hubfor Maintenance Repair and Overhaul (MRO), and as a cost competitiveand attractive location for aerospace components manufacturing," saidMr. Teo Ming Kian, Chairman, Singapore Economic Development Board.
Barnes Aerospace produces precision machined and fabricatedcomponents and assemblies for original equipment manufacturer (OEM)turbine, airframe and industrial gas turbine builders throughout theworld. Barnes Aerospace also provides jet engine component overhauland repair services for many of the world's commercial airlines andmilitary applications.
Barnes Group Inc. (www.barnesgroupinc.com) is a diversifiedinternational manufacturer of precision metal components andassemblies and a distributor of industrial supplies, serving a widerange of markets and customers. Founded in 1857 and headquartered inBristol, Connecticut, Barnes Group consists of three businesses with2005 sales of $1.1 billion: Barnes Distribution, an international,full-service distributor of maintenance, repair, operating, andproduction supplies; Associated Spring, one of the world's largestmanufacturers of precision mechanical and nitrogen gas products and aglobal supplier of retaining rings, reed valves, shock discs, andinjection-molded plastic components; and Barnes Aerospace, amanufacturer and repairer of highly engineered assemblies andcomponents for aircraft engines, airframes, and land-based industrialgas turbines. Over 6,000 dedicated employees at more than 60 locationsworldwide contribute to Barnes Group Inc.'s success.
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Barnes Group Inc. | 45,40 | -0,44% |
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S&P 600 SmallCap | 935,46 | -0,94% |