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January 2016

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Lincoln Electric Invests in Welding Technology Center in Euclid, Ohio



The Lincoln Electric Company, a subsidiary of Lincoln Electric Holdings Inc., has announced it is investing approximately $30 million in a new Welding Technology Center on its Euclid, OH, campus. The center will focus on the training of welding educators and industry leaders to address the rising demand for welding education and career pathways in welding and advanced manufacturing. Lincoln Electric will also dedicate resources to support welding training for veterans at this facility.

"Construction is expected to begin in early 2016 with an opening anticipated in 2017 - marking the centennial anniversary of Lincoln's legacy welding school, the longest-running welding school in the United States," said a company spokesperson. The new 130,000-square foot center will double Lincoln's welding education capacity to 180 welding booths and will include high-tech classroom and seminar spaces. It will also showcase and integrate Lincoln Electric's latest technologies and solutions into a comprehensive welding curriculum.

"This investment reflects our commitment to being at the forefront of welding innovation and education," said Lincoln Electric's Chairman and Chief Executive Officer Christopher L. Mapes. "The increased demand from customers, the skilled trades and technical schools to help develop the next generation of industry-ready welders has accelerated our investment in education and our new Welding Technology Center will allow us to demonstrate how our technical expertise and the value of our solutions can have a measurable impact on educators, students and customers."

For more information contact:

The Lincoln Electric Company

22801 St. Clair Ave.

Cleveland, OH 44117-1199

216-481-8100 / 888-935-3877

info@lincolnelectric.com

www.lincolnelectric.com

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