Lincoln Electric

Lincoln Electric
Public
Traded as NASDAQ: LECO
S&P 400 Component
Industry Manufacturing
Founded 1895
Founder John C. Lincoln
Headquarters Euclid, Ohio
Area served
 Worldwide
Key people
 Chris Mapes (president and chief executive officer)
Products Arc welding equipment
Revenue IncreaseUS$2.69 billion(FY 2011)
IncreaseUS$296 million(FY 2011)
IncreaseUS$217 million(FY 2011)
Total assets IncreaseUS$1.98 billion(FY 2011)
Total equity IncreaseUS$1.18 billion(FY 2011)
Number of employees
 10,000+
Website http://www.lincolnelectric.com

Lincoln Electric is an American multinational and a global manufacturer of welding products, arc welding equipment, welding consumables, plasma and oxy-fuel cutting equipment and robotic welding systems.

The Fortune 1000 company is headquartered in Cleveland, Ohio, United States and has a worldwide network of distributors and sales offices covering more than 160 countries. It has 42 manufacturing locations in North America, Europe, Middle East, Asia and Latin America. It also operates manufacturing alliances and joint ventures in 19 countries.[1]

Lincoln Electric's business model was listed as one of the most studied by the Harvard Business School and has been featured in many case studies by other business schools around the world. Since 1975, eight cases have been written about Lincoln Electric by the Harvard Business School alone.[2]

The company reported over $2.9 billion sales in 2013, with sales from North America accounting for 50% of it. Lincoln has over 8500+ employees globally and 3000 in the United States alone. Among Lincoln Electric's subsidiaries is The Harris Products Group, which is a manufacturer of Welding Consumables, Gas Apparatus, and other Specialty Products. The Harris Products Group has manufacturing facilities in Georgia, Ohio, California, Poland, Mexico, Brazil and Italy.

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

Locations

Headquartered in Euclid, Ohio, Lincoln Electric has 44 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries.

Lincoln Foundation, Lincoln Institute of Land Policy, and Lincoln Welding School

The J.F.Lincoln Foundation is a non-profit, welding education organization founded in 1936 to promote welding as a better method of joining metals and to promote welding as a career choice. It is the only organization in the United States solely dedicated to educating the public about the art and science of arc welding. Formed when the arc welding industry was in its infancy, the Foundation is now in its seventh decade of publishing educational texts and granting cash awards to recognize technical achievements.[4]

The Lincoln Institute of Land Policy was established by Lincoln Electric's founder, John C. Lincoln, in 1946, based on his admiration for the work of Henry George. Today, the think tank still focuses on promoting "creative approaches to land as a solution to economic, social, and environmental challenges." [5]

The Lincoln Electric Welding School was set up in 1917, and has since then instructed over 150,000 men and women [6] 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.[7]

Lincoln Products

Welding equipment manufactured by Lincoln [8]

  • Stick Welders
  • TIG Welders
  • MIG Flux-Cored Welders
  • Multi-Process Welders
  • Advanced Process Welders
  • Multi-Operator Welders
  • Engine Driven Welders
  • Semiautomatic Wire Feeders
  • Submerged Arc Welders
  • Submerged Arc Wire Feeders
  • Plasma Cutters
  • Welding Guns
  • Torches
  • Welding Gear
  • Robotic Automation
  • Weld Fume Control
  • Accessories
  • Training Equipment
  • Wire Delivery Products
  • New and Featured Equipment
  • Retail Products
  • International Products

Consumables manufactured by Lincoln [9]

  • Stick Electrodes
  • MIG Wires and TIG Cut Lengths
  • Metal-Cored Wires - Gas-Shielded
  • Flux-Cored Wires - Self-Shielded
  • Flux-Cored Wires - Gas-Shielded
  • Submerged Arc
  • Stainless and High Alloy
  • Hardfacing
  • Aluminum MIG and TIG Products
  • Pipeliner

Industries served by Lincoln[10]

  • Automotive/Transportation
  • General Fabrication
  • Heavy Fabrication
  • Maintenance & Repair
  • Offshore
  • Pipeline
  • Pipe Mill
  • Power Generation & Process
  • LNG
  • Nuclear Energy
  • Pressure Vessel
  • Thermal Energy
  • Wind Power
  • Shipbuilding
  • Structural

See also

References

  1. ↑ "Lincoln Worldwide". www.lincolnelectric.com.
  2. ↑ "Search - Harvard Business Publishing Corporate Learning". harvardbusiness.org.
  3. ↑ "Company History". www.lincolnelectric.com.
  4. ↑ "Page Not Found". www.lincolnelectric.com.
  5. ↑ "About the Lincoln Institute". LILP.
  6. ↑ https://www.lincolnelectric.com/en-za/education-center/welding-school/pages/welding-school.aspx 150,000 men and women
  7. ↑ "Page Not Found". www.lincolnelectric.com.
  8. ↑ "Page Not Found". www.lincolnelectric.com.
  9. ↑ "Welding Wire, Flux and Rods - Lincoln Electric". www.lincolnelectric.com.
  10. ↑ "Welding equipment and technology for industries". www.lincolnelectric.com.

Further reading

  • Koller, Frank (2010). Spark: How Old-Fashioned Values Drive a Twenty-First-Century Corporation: Lessons from Lincoln Electric's Unique Guaranteed Employment Program. PublicAffairs. ISBN 1-58648-795-7.
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