Barnes Aerospace to Expand Manufacturing Capabilities in Singapore

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.

Contacts

Investor Contact:
Barnes Group Inc.
William Pitts
Director,
Investor Relations
860-583-7070