BRISTOL, Conn.--(BUSINESS WIRE)--
Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE: B), today announced that it continues its comprehensive world-wide plan to invest capital in both its U.S.- and non-U.S.-based capabilities in support of several ramping customer programs. As part of that plan, Barnes Aerospace will invest more than US$20 million to expand its state-of-the-art manufacturing operations in Singapore to increase its capabilities in the Asia market. This investment will provide an additional 40,000 square feet of manufacturing space as well as equipment and machinery.
Barnes Aerospace has a long-established presence in Singapore where its operations support the global aerospace industry with the production of engine component parts and repair services. The Company’s current investment will provide Barnes Aerospace Singapore with the latest manufacturing technologies and processes, such as 5-axis milling and grinding, electron beam and laser welding, and 3-D printing. The additional capabilities will support increased production of critical engine components for today’s ramping engine platforms – those that power the world’s newest single and twin-aisle commercial aircraft.
"Barnes Aerospace’s expanded presence in Singapore pairs with our continued investment in the U.S., and is strategically important to enhance our global presence and competitiveness within the aerospace industry," said Michael Beck, Senior Vice President, Barnes Group Inc. & President Barnes Aerospace. "Singapore is a major aviation center in Asia, and this additional investment in innovative technology will advance our worldwide manufacturing strategy, leverage our existing technical expertise and resources, and allow us to better serve our global customers."
"Barnes Aerospace's continued growth in Singapore demonstrates our attractiveness as a prime location for aerospace companies to capture manufacturing growth opportunities in Asia," said Tan Kong Hwee, Executive Director, Transport Engineering of Singapore Economic Development Board. “Singapore welcomes this expansion, which will strengthen our position as manufacturing hub for aero engines. We look forward to continuing our strong relationship with Barnes Group as they grow their aerospace business in Asia.”
ABOUT BARNES AEROSPACE
Barnes Aerospace is a global provider of complex fabricated and precision-machined components and assemblies for original equipment manufacturers ("OEMs") of turbine engines, nacelles, airframes and industrial gas turbines, and the military. In addition, Barnes Aerospace provides jet engine component maintenance, repair and overhaul ("MRO") services for many of the world's major turbine engine manufacturers, commercial airlines and the military and also manufactures and delivers aftermarket spare parts.
ABOUT BARNES GROUP
Barnes Group Inc. (NYSE: B) is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in far-reaching applications including aerospace, transportation, manufacturing, healthcare, and packaging. Barnes Group’s skilled and dedicated employees around the globe are committed to the highest performance standards and achieving consistent, sustainable profitable growth. For more information, visit www.BGInc.com.
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