LINCOLN ELECTRIC HOLDINGS INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Item 2. PROPERTIES
The Company’s corporate headquarters and principal United States manufacturing facilities are located in the Cleveland, Ohio area. Total Cleveland area property consists of 244 acres, of which present manufacturing facilities comprise an area of approximately 3,017,090 square feet.
The Company has 71 manufacturing and automation system integration facilities, including operations and joint ventures across 21 countries, the significant locations (grouped by operating segment) of which are as follows:
| | | |
|---|---|---|
| Americas Welding: | | |
| United States | | Cleveland, Columbus, Coldwater, Fort Loramie, and Orrville, Ohio; Reno, Nevada; Ladson, South Carolina; Chattanooga, Tennessee; Detroit, Michigan; Fort Collins, Colorado; Bettendorf, Iowa; Churubusco, Indiana. |
| Brazil | | Atibaia; Guarulhos; Sao Paulo; Caxias do Sul. |
| Canada | | Toronto; Mississauga; Hamilton; Montreal; Vankleek Hill. |
| Colombia | | Bogota. |
| Chile | | Santiago. |
| Mexico | | Mexico City; Torreon; Saltillo. |
| International Welding: | | |
| Australia | | Newcastle; Gladstone. |
| Austria | | Scheifling. |
| China | | Tangshan; Shanghai; Beijing. |
| France | | Grand-Quevilly; Partheny. |
| Germany | | Essen; Eisenberg; Frankfurt; Merzig. |
| India | | Chennai; Pune. |
| Italy | | Corsalone. |
| Poland | | Bielawa; Dzierzoniow. |
| Romania | | Buzau. |
| Russia | | Mtsensk. |
| South Korea | | Siheung-si. |
| Spain | | Valencia; Zaragoza. |
| Turkey | | Istanbul. |
| United Kingdom | | Sheffield, England; Port Talbot, Wales. |
| The Harris Products Group: | | |
| United States | | Mason, Ohio; Gainesville, Georgia; Winston Salem, North Carolina; Gordonsville, Carthage, Tennessee; Florence, Alabama. |
| Brazil | | Maua. |
| Italy | | Verona. |
| Mexico | | Guadalupe. |
| Poland | | Dzierzoniow. |
| Portugal | | Albergaria-a-Velha. |
All properties relating to the Company’s Cleveland, Ohio headquarters and manufacturing facilities are owned by the Company. Most of the Company’s foreign subsidiaries own manufacturing facilities in the country where they are located. The Company believes that its existing properties are in good condition and are suitable for the conduct of its business. In March 2022, in response to Russia’s invasion of Ukraine, the Company ceased operations in Russia.
In addition, the Company maintains operating leases for some manufacturing facilities, distribution centers and sales offices throughout the world. Refer to Note 17 to the consolidated financial statements for information regarding the Company’s lease commitments.
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