Barnes Aerospace Adds Third Manufacturing Facility in Singapore.BRISTOL, Conn. -- Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange : 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 Aftermarket See: Secondary market. aftermarket See secondary market. operations and the second for original equipment manufacturing (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ), 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 MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), 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 fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: components and assemblies for original equipment manufacturer (OEM) turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. , 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 diversified (di·verˑ·s 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 Bristol is a city located in Hartford County, Connecticut, 20 miles (32 km) southwest of Hartford. According to 2006 Census Bureau estimates, the population of the city is 61,353. , 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 Reed valves restrict flow of gases to a single direction and consist of thin flexible metal or fiberglass strips fixed on one end that open and close upon changing pressures across opposite sides of the valve. They operate in a similar manner to heart 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. |
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