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Lincoln Electric Venture To Produce Welding Materials

Industrial manufacturing company formed a joint venture with privately held Chinese manufacturer Zhengzhou Heli Welding Materials Co. to produce submerged arc wire and flux.

CLEVELAND (AP) โ€” Industrial manufacturing company Lincoln Electric Holdings Inc. said it's formed a majority-owned joint venture with privately held Chinese manufacturer Zhengzhou Heli Welding Materials Co.
 
Lincoln said late Thursday it doesn't expect the joint venture to have a significant impact on earnings in its first year of operation.
 
Zhengzhou Heli has annual sales of about $8 million.
 
The joint venture will produce submerged arc wire and flux, which are used in welding applications in heavy construction, pipe mills, energy and other infrastructure segments.
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