Profile: Barnes Group Inc (B.N)
21 Oct 2016
Barnes Group Inc., incorporated on January 30, 1925, is an industrial and aerospace manufacturer and service provider, serving a range of end-markets and customers. The Company's engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. The Company's segments include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, whichcomprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts.
The Company's Industrial segment is a manufacturer of engineered, precision parts, products and systems for critical applications serving customer base in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices and energy. The Industrial segment engages in design phase of components and assemblies for application and systems engineering, new product development, testing and evaluation, and the manufacturing of final products. The products are sold through its direct sales force and global distribution channels. The Industrial's Molding Solutions businesses design and manufacture customized hot runner systems, advanced mold cavity sensors and process control systems, and precision high cavitation mold assemblies. The Industrial's Engineered Components businesses manufacture and supply precision mechanical products used in transportation and industrial applications, including mechanical springs, high-precision punched and fine-blanked components, and retaining rings. The Industrial's Nitrogen Gas Products business manufactures nitrogen gas springs and manifold systems used to precisely control stamping presses. The Industrial segment has manufacturing, distribution and assembly operations in the United States, Brazil, China, Germany, Italy, Mexico, Singapore, Sweden and Switzerland. It has sales and service operations in the United States, Brazil, Canada, China/Hong Kong, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Slovakia, South Korea, Spain, Switzerland, Thailand and the United Kingdom.
The Company's Aerospace segment is a provider of fabricated and precision-machined components and assemblies for OEM turbine engine, airframe and industrial gas turbine builders, and the military. The Aerospace aftermarket business provides jet engine component MRO services, including services performed under its Component Repair Programs (CRPs), for turbine engine manufacturers, commercial airlines and the military. The Aerospace aftermarket activities also include the manufacture and delivery of aerospace aftermarket spare parts, including the revenue sharing programs (RSPs) under which the Company has right to supply designated aftermarket parts over the life of the related aircraft engine programs.
The Aerospace's fabrication and machining operations, with facilities in Arizona, Connecticut, Michigan, Ohio, Utah and Singapore, produce critical engine and airframe components through technically advanced manufacturing processes. The Aerospace aftermarket business supplements jet engine OEMs' maintenance, repair and overhaul capabilities. Aerospace's aftermarket facilities, located in Connecticut, Ohio and Singapore, specialize in the repair and refurbishment of highly engineered components and assemblies, such as cases, rotating life limited parts, rotating air seals, turbine shrouds, vanes and honeycomb air seals.
Barnes Group Inc
123 MAIN ST
BRISTOL CT 06010
Company Web Links
- BRIEF-Barnes Group sets quarterly cash dividend of $0.13/share
- BRIEF-Barnes Group reports Q2 adjusted EPS $0.63
- BRIEF-Barnes Group sets quarterly cash dividend of $0.13 per share
- BRIEF-Barnes Group says to buy Adval Tech's molds business
- BRIEF-Barnes Group increases qtrly dividend 8 pct to 13 cents per share