| Lincoln Electric Holdings, Inc. | |
| Type: | Public |
| Founder: | John C. Lincoln |
| Location: | Euclid, Ohio, US |
| Area Served: | Worldwide |
| Key People: | Steve Hedlund (president and CEO) |
| Industry: | Manufacturing |
| Revenue: | (2022) |
| Operating Income: | (2022) |
| Net Income: | (2022) |
| Assets: | (2022) |
| Equity: | (2022) |
| Num Employees: | (2022) |
| Footnotes: | [1] |
Lincoln Electric Holdings, Inc. is an American multinational and global manufacturer of welding products, arc welding equipment, welding accessories, plasma and oxy-fuel cutting equipment and robotic welding systems headquartered in Euclid, Ohio. It has a worldwide 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 the Fortune 1000.
The company was founded in 1895 by John 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 in Georgia, Ohio, California, Poland, Mexico, Brazil and Italy.[6]
Since 1951, Lincoln Electric has guaranteed employment with hours cut during hard times and overtime required during good times.[7] [8]
In 2019, Lincoln announced the acquisition of Worthington Industries, Inc. a metal manufacturing company.[9]
In December 2023, Lincoln Electric unveiled the Velion DC fast electric vehicle charging station. A display unit was shown at CES 2024 and featured NACS and CCS1 charging plugs, along with a touchscreen user interface developed using Qt.
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 publishes educational texts and grants cash awards to recognize technical achievements.[10]
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."[11]
The Lincoln Electric Welding School was set up in 1917 and has since instructed over 150,000 men and women[12] 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.[13]