Barnes Aerospace to Open Additional Manufacturing Facility in Singapore.

Business Editors

BRISTOL, Conn.--(BUSINESS WIRE)--Feb. 24, 2004

Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE: B), today announced that it will open a new manufacturing facility in Singapore. The facility will house state-of-the-art manufacturing equipment to produce precision aerospace components for use in a wide range of aircraft engine applications.

The facility will be located in the Loyang Industrial Park and is scheduled to open in March. Barnes Aerospace's Windsor Airmotive Asia facility is also located in the Loyang Industrial Park.

"Barnes Aerospace continues to globalize its manufacturing operations to better meet the demand of our worldwide customer base," said Greg Milzcik, President, Barnes Aerospace. "Given the need for highly critical components, where continuous supply is essential, we think that having manufacturing operations located in major aerospace center such as Singapore is vital.

"Having two facilities, one for repair and overhaul operations and another for OEM manufacturing, in the same location enable us to leverage infrastructures and resources," Milzcik continued.

Barnes Aerospace is a worldwide producer of machined and fabricated components and assemblies for aircraft engines and airframe builders, and provides engine component overhaul and repair services for many of the world's major commercial airlines.

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 2003 sales of $891 million: Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs and a global supplier of retaining rings and injection-molded plastic components; 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; and Barnes Distribution, an international, full-service distributor of maintenance, repair, operating and production supplies. Over 6,000 dedicated employees at more than 50 locations worldwide contribute to Barnes Group Inc.'s success.