Posted on Mar 25, 2019
Our Guest speaker today was Kendall Fullerton, Director, New Ventures, Lincoln Electric Company of Canada. Shown below is a summary of Kendall's excellent presentation on the Lincoln Electric Company.
  • Founded in 1895 by John C. Lincoln
  • Their business model is the most studied by the Harvard Business School
  • First product was electric motors
  • First arc welder 1911
  • VISION: Continuously improve quality while continuously reducing unit costs of production & distribution, passing the cost savings on to the customer
  • It takes an entire team to get the job done
  • James Lincoln’s Philosophy
    • Job security
    • Open Communication
    • Mutual Respect
    • A Sense of Ownership
    • PayBased performance
    • Customer and Employees come first
    • No special Status – Workers manage and managers work
  • Lincoln Electric Today
    • $3.0B in revenue in 2018
    • Market cap of ~$5.1B
    • HQ in Cleveland, Ohio, U.S
    • 50+ manufacturing facilities in 19 countries
    • Distribution to over 160 countries
    • 10,000+ employees worldwide
    • Stock rose from $13.5 to $100 from 2002 – 2019
  • Lincoln Electric Canada
    • Established Subsidiary in Canada in 1916
    • Built the Canadian Mfg. Plant in 1939 (Leaside)
    • Today 5 divisions
    • 350 people
  • Picture of Canadian Products
    • Steel Welding Wire (Leaside)
    • Diesel Engine Powered Welders (Leaside)
    • Aluminum Welding Wire (Mississauga)
    • Welding Positioner Systems (Mississauga)
    • Robotic Cutting Systems (Burlington)
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