STOCK TITAN

Barnes Aerospace Is Elevating to New Heights: Announcing the Expansion of its East Granby, Connecticut Maintenance, Repair, and Overhaul Facility

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Barnes Group Inc. (NYSE: B) has announced an expansion of its Maintenance, Repair, and Overhaul (MRO) facility in East Granby, Connecticut. The upgrade will increase capacity for engine component repair, incorporating a new chemical processing line to enhance sustainability by reducing waste. This expansion aligns with the company's Smart Factory Initiative aimed at improving productivity through digital solutions. Barnes will also increase its visibility at the Farnborough International Airshow from July 18 to 21, showcasing innovative products and services.

Positive
  • Expansion of MRO facility in East Granby to enhance engine repair capacity.
  • Inclusion of a new chemical processing line to reduce chemical waste, supporting ESG initiatives.
  • Initiative aligns with Industry 4.0 principles, aiming for improved productivity and agility.
Negative
  • None.

Progressing its Smart Factory Initiative and Showcasing its Presence at the Farnborough 2022 International Air Show

EAST GRANBY, Conn.--(BUSINESS WIRE)-- Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE: B), today announced the expansion of its Maintenance, Repair, and Overhaul (“MRO”) facility in East Granby, Connecticut. The East Granby MRO operation specializes in engine component repair for the global aviation industry. The Barnes Aerospace East Granby facility is a repair station certified by the U.S. Federal Aviation Administration, European Aviation Safety Agency, and the Civil Aviation Administration of China and services some of the world’s largest airline and aviation original equipment manufacturer customers.

“The expansion of our capabilities in our East Granby facility will significantly increase our capacity to support new engine programs and product lines as well as further enhance our competitive turnaround times,” said Ian Reason, Senior Vice President, Barnes and President, Barnes Aerospace. “Our expansion will include investments in innovative technology, leveraging our existing component repair expertise and allowing us to better serve our global customers.”

The new facility will expand to approximately 68,000 square feet and be able to further Barnes’ Environmental, Social and Governance (“ESG”) efforts with the addition of a new chemical processing line which will reduce the amount of chemical waste generated in the repair process.

“The key to our success is to be as flexible as possible in order to fulfill the ever-changing needs of our customers and industry partners,” said Joe Anzalotti, Health, Safety and Environmental Manager, Barnes Aerospace, East Granby facility. “This initiative will further enhance and progress our sustainability efforts in today’s dynamic global environment as well as into the future.”

Barnes is also evolving its commitment to advancing manufacturing capabilities with its “Smart Factory Initiative,” based on Industry 4.0 principles. The focus of this initiative is to harness the power of digital information with a concentration on using data to deliver real-time decision making, enhanced productivity and agility.

Barnes Aerospace is also pleased to announce that it will exhibit and enhance its marketing presence at the Farnborough International Airshow, the global networking platform for the aerospace and defense industry, from July 18 through July 21. The Barnes Aerospace display will be located in Hall 4, Booth #4950 of the Farnborough International Exhibition and Conference Center in the United Kingdom, as representatives showcase the business’s latest products, services, and creative ways of delivering customer solutions.

About Barnes Aerospace

Barnes Aerospace pioneers manufacturing technologies and aftermarket services, powering global aviation solutions to bring our customers to new heights. Our differentiated processes and technology innovation combined with our breadth of capabilities, product and engineering expertise, allow us to deliver consistent performance and value through relentless continuous improvement. Our unwavering focus is to find creative ways of delivering solutions to our customers, by breaking through industry challenges and barriers.

About Barnes

Barnes Group Inc. (NYSE: B) pioneers technologies to help change the world. Leveraging world-class manufacturing capabilities and market-leading engineering, we develop advanced processes, automation solutions and applied technologies for industries ranging from medical and personal care to mobility, packaging and aerospace. Customers benefit from our integrated hardware and software capabilities focused on improving the processing, control, service and sustainability of engineered plastics, factory automation technologies and precision components. For more information, please visit www.barnesgroupinc.com.

Category: General

Barnes

Morgan Ferrarotti

Director, Corporate Marketing and Communications

860.583.7070

Source: Barnes Group Inc.

FAQ

What is the significance of the MRO facility expansion by Barnes Group Inc. on July 19, 2022?

The expansion increases engine repair capacity and enhances sustainability through waste reduction.

How will the Smart Factory Initiative impact Barnes Group Inc.?

The initiative aims to enhance productivity and agility by utilizing digital data for real-time decision-making.

When is Barnes Group Inc. exhibiting at the Farnborough International Airshow?

Barnes Group Inc. will exhibit from July 18 to 21, 2022.

What new capabilities will be introduced at the East Granby facility?

The facility will introduce a new chemical processing line and enhanced capabilities for new engine programs.

Barnes Group Inc.

NYSE:B

B Rankings

B Latest News

B Stock Data

2.40B
46.75M
9.17%
93.77%
1.39%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
Link
United States of America
BRISTOL