Barnes Group Announces Expanded Distribution in China.BRISTOL, Conn. -- The Barnes Distribution business unit of Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange : B) today announced the expansion of its AS Raymond operations in China with the opening of a dedicated office and distribution center in the Pudong New District of Shanghai, China. The new facility will service the growing market for close tolerance components, such as industrial and mechanical springs within China. The new distribution center will open on January 1, 2007. "AS Raymond, our specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. spring provider, continues to expand its global distribution operations to meet the demands of our worldwide customer base," said Idelle K. Wolf, President, Barnes Distribution. "With the expansion of our distribution operation into China, we are strengthening our presence in a growing manufacturing center in Asia, where our customers are seeking high-quality specialty mechanical springs and spring washers." A worldwide leader in the design, manufacturing and sale of industrial springs, AS Raymond, provides components to industry, including AS Raymond([R]) die springs, SPEC (1) See specs and specification. (2) (SPEC) (Standard Performance Evaluation Corporation, Warrenton, VA, www.specbench.org) An organization founded in 1988 to establish standard benchmarks for computers. ([R]) stock springs and spring washers, die springs, 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. products, nitrogen gas springs, gas struts A framework for writing Web-based applications in Java that supports the Model-View-Controller (MVC) architecture. Struts is deployed as JSP pages using special tags from the Struts tag library, which includes routines for building forms, HTML rendering, storing and retrieving data and and fasteners fasteners In construction, connectors between structural members. Bolted connections are used when it is necessary to fasten two elements tightly together, especially to resist shear and bending, as in column and beam connections. . In addition, AS Raymond offers a wide range of stock and custom made compression and extension springs, curved washers, finger washers, retaining rings, and m-Strut([TM]) mechanical spring struts through its catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. offering and distribution base. Barnes Group Inc. (NYSE:B) is an international diversified industrial manufacturing and distribution company focused on achieving balanced, sustainable, profitable growth. Founded in 1857, Barnes Group consists of three businesses: Barnes Distribution, Associated Spring and Barnes Aerospace. Over 6,500 dedicated employees at more than 65 locations worldwide contribute to Barnes Group Inc.'s success. The Company has paid cash dividends to stockholders on a continuous basis since 1934. For more information, visit www.barnesgroupinc.com. This release may contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. The risks and uncertainties, which are described in our periodic filings with the Securities and Exchange Commission, include, among others, uncertainties arising from the behavior of financial markets; future financial performance of the industries or customers that we serve; changes in market demand for our products and services; integration of acquired businesses; changes in raw material prices and availability; our dependence upon revenues and earnings from a small number of significant customers; uninsured claims; and numerous other matters of global, regional or national scale, including those of a political, economic, business, competitive, regulatory and public health nature. The Company assumes no obligation to update our forward-looking statements. |
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