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Lincoln Electric

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American multinational manufacturer of welding products
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Lincoln Electric Holdings, Inc.
Company typePublic
IndustryManufacturing
Founded1895; 130 years ago (1895)
FounderJohn C. Lincoln
HeadquartersEuclid, Ohio, US
Area served
Worldwide
Key people
Steve Hedlund (president andCEO)
Products
RevenueIncreaseUS$3.76 billion (2022)
IncreaseUS$612 million (2022)
IncreaseUS$472 million (2022)
Total assetsIncreaseUS$3.18 billion (2022)
Total equityIncreaseUS$1.03 billion (2022)
Number of employees
c. 12,000 (2022)
Websitelincolnelectric.com
Footnotes / references
[1]

Lincoln Electric Holdings, Inc. is an Americanmultinational and global manufacturer ofwelding products,arc welding equipment, welding accessories,plasma andoxy-fuel cutting equipment androbotic welding systems headquartered inEuclid, Ohio. It has a network of distributors and sales offices covering more than 160 countries and 42 manufacturing locations in North America, Europe, the Middle East, Asia and Latin America. It also operates manufacturing alliances and joint ventures in 19 countries.[2] It is a member of theFortune 1000.

History

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The company was founded in 1895 byJohn C. Lincoln with an investment of $200 to make electric motors he had designed.[3]

The company is headquartered in Euclid, Ohio, and has 44 manufacturing locations, including operations and joint ventures in 19 countries and an international network of distributors and sales offices covering more than 160 countries.[4]

Lincoln has over 8,500 employees globally, including 3,000 in the United States. In 2005, Lincoln's Electric acquired the Harris Products Group, which is a manufacturer of welding accessories, gas apparatus, and other specialty products.[5] The Harris Products Group has manufacturing facilities inGeorgia,Ohio,California,Poland,Mexico,Brazil andItaly.[6]

In 2019, Lincoln announced the acquisition ofWorthington Industries, Inc. a metal manufacturing company.[7]

In December 2023, Lincoln Electric unveiled the Velion DC fast electric vehicle charging station. A display unit was shown atCES 2024 and featuredNACS andCCS1 charging plugs, along with a touchscreen user interface developed usingQt.

Lincoln Institute of Land Policy

[edit]

TheLincoln Institute of Land Policy was established by Lincoln Electric's founder, John C. Lincoln, in 1946, based on his admiration for the work ofHenry George. Today, the think tank still focuses on promoting "creative approaches to land as a solution to economic, social, and environmental challenges."[8]

Lincoln Welding School

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The Lincoln Electric Welding School was set up in 1917 and has since instructed over 150,000 men and women[9] in the various methods and techniques of safety and arc welding processes. The school is listed by the Ohio State Board of School and College Registration.[10]

References

[edit]
  1. ^"Lincoln Electric Holdings, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 21, 2023.
  2. ^"Lincoln Worldwide".www.lincolnelectric.com.
  3. ^"Company History".www.lincolnelectric.com.
  4. ^"Company History | Lincoln Electric".www.lincolnelectric.com. RetrievedAugust 29, 2023.
  5. ^"Lincoln Electric".b2b.partcommunity.com. RetrievedAugust 29, 2023.
  6. ^"Locations".www.harrisproductsgroup.com. RetrievedAugust 29, 2023.
  7. ^"Lincoln Electric acquires soldering business of Worthington Industries".News-Herald. January 5, 2019. RetrievedJuly 28, 2023.
  8. ^"About the Lincoln Institute".LILP.
  9. ^https://www.lincolnelectric.com/en-za/education-center/welding-school/pages/welding-school.aspx 150,000 men and women
  10. ^"The Lincoln Electric Welding School".www.lincolnelectric.com. Archived fromthe original on January 13, 2011.

Further reading

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External links

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