October 25, 2010
Lincoln Electric, Cleveland, has been honored with the Market Share Leadership Award for best practices in the world pipeline industry related to welding equipment and consumables.
The award, based on global research by analysts and consultants and outlined in Frost and Sullivan’s "CEO 360 Degree Perspective" report, recognized the company for exhibiting market share leadership through the implementation of market strategy. This includes the identification of market challenges, drivers, and restraints, as well as strategy development and methods of addressing these market dynamics.
The designation was awarded based on the company’s devotion to R&D of welding equipment and consumables, continuous upgrades of its existing product portfolio, a wide distribution network, a unique growth strategy, strong customer support, and an increasing market share.
Lincoln Electric designs and manufactures arc welding products, robotic arc welding systems, weld fume control systems, and plasma and oxyfuel cutting equipment.