CLEVELAND (AP) — 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.