Lincoln Electric Dedicates New Welding Consumables Facility in India to Serve Growing...

* Reuters is not responsible for the content in this press release.

Mon May 11, 2009 6:24am EDT

Lincoln Electric Dedicates New Welding Consumables Facility in India to Serve
Growing Markets

CLEVELAND, May 11 /PRNewswire-FirstCall/ -- Lincoln Electric Holdings, Inc.
(Nasdaq: LECO) today dedicated a 100,000-square-foot welding consumables
facility in Chennai, India, which will serve the growing market in that
country and markets throughout the Asia Pacific region.  

Speaking at dedication ceremonies in Chennai today, John M. Stropki, Chairman
and Chief Executive Officer, said, "The new Chennai plant represents an
important investment for Lincoln in the expanding market for welding products
in India. Our plant will serve the growing demand from industry and large
infrastructure projects that are fueling India's economic growth."

The Lincoln Chennai plant will manufacture solid welding wire used for a
variety of welding applications in industry segments such as heavy equipment,
metal buildings, pipeline and pipe mills, and power generation, which includes
the fabrication of wind towers. The new campus consists of offices for the
Company's new Indian Headquarters, training and welding demonstration
facilities and manufacturing space. 

Lincoln Electric Asia Pacific President Thomas A. Flohn said, "This new
facility incorporates state-of-the-art manufacturing and environmental systems
and reaffirms our commitment to operational excellence and environmental
preservation. It will be a highly productive and efficient plant that will
meet the highest level of environmental standards."    

Lincoln Electric is the world leader in the design, development and
manufacture of arc welding products, robotic arc-welding systems, plasma and
oxyfuel cutting equipment and has a leading global position in the brazing and
soldering alloys market.  Headquartered in Cleveland, Ohio, Lincoln has 42
manufacturing locations, including operations and joint ventures in 21
countries and a worldwide network of distributors and sales offices covering
more than 160 countries. For more information about Lincoln Electric, its
products and services, visit the Company's website at
http://www.lincolnelectric.com.

The Company's expectations and beliefs concerning the future contained in this
news release are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.  These statements reflect
management's current expectations and involve a number of risks and
uncertainties.  Actual results may differ materially from such statements due
to a variety of factors that could adversely affect the Company's operating
results. The factors include, but are not limited to: general economic and
market conditions; the effectiveness of operating initiatives; currency
exchange and interest rates; adverse outcome of pending or potential
litigation; possible acquisitions; market risks and price fluctuations related
to the purchase of commodities and energy; global regulatory complexity; and
the possible effects of international terrorism and hostilities on the Company
or its customers, suppliers and the economy in general. For additional
discussion, see "Item 1A. Risk Factors" in the Company's Annual Report on  
Form 10-K.
 
SOURCE  Lincoln Electric Holdings, Inc.

Media, Asia Pacific, Max Chong, (+65) 6854 5360,
Max_Chong@lincolnelectric.com.sg, or Media, U.S.A., Roy L. Morrow,
+1-216-383-4893, Roy_Morrow@lincolnelectric.com, or Investors, Joseph P.
Kelley, +1-216-383-8346, Joe_Kelley@lincolnelectric.com, all of Lincoln
Electric Holdings, Inc.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.