Key Developments For Lincoln Electric Holdings, Inc.
Lincoln Electric Holdings, Inc. (LECO.O) (Nasdaq)
Lincoln Electric Holdings, Inc.'s Q3 2009 Profit Tops Street, Shares Jump-Reuters
Reuters reported that Lincoln Electric Holdings, Inc.'s quarterly profit came well ahead of market expectations on lower expenses, and the Company pointed towards early signs of recovery in some key markets, sending its shares up.
Lincoln Electric Holdings, Inc. Completes Acquisition In China
Lincoln Electric Holdings, Inc. announced that its Asian subsidiary, The Lincoln Electric Company (Asia Pacific) Pte., Ltd. (Lincoln Asia Pacific), has acquired 100% control of Jinzhou Jin Tai Welding and Metal Co., Ltd. (Jin Tai), a welding wire business in Jinzhou, China. Lincoln Asia Pacific had owned 48% of Jin Tai, and the remaining 52% was held by Taiwan-based Kuang Tai Metal Industrial Co., Ltd. (Kuang Tai) and other partners. Lincoln Asia Pacific acquired Jin Tai by exchanging its 35% ownership interest in Kuang Tai, paying cash of approximately $39 million and assuming net debt of approximately $10 million. The purchase price is subject to final post-closing adjustments.
Lincoln Electric Holdings, Inc. Declares Quarterly Dividend
Lincoln Electric Holdings, Inc. announced that it has declared a quarterly cash dividend of $0.27 per share, payable October 15, 2009, to holders of record as of September 30, 2009.
Lincoln Electric Holdings, Inc. Announces New Welding Consumables Facility In India to Serve Growing Markets
Lincoln Electric Holdings, Inc. announced that it 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. 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 Holdings, Inc. Declares Quarterly Dividend
Lincoln Electric Holdings, Inc. announced that the Board of Directors of Lincoln Electric Holdings, Inc. declared a quarterly cash dividend of $0.27 per share, payable July 15, 2009, to holders of record as of June 30, 2009.
