The Lincoln Electric Company Receives President's 'E Star' Award for Export Growth
May 23 2006 - 4:54PM
PR Newswire (US)
CLEVELAND, May 23 /PRNewswire-FirstCall/ -- The Lincoln Electric
Company has received the President's "E Star" Award for Exports in
recognition of its achievement in supporting export growth in the
U.S. business community. The award was presented by Commerce
Secretary Carlos M. Gutierrez to John M. Stropki, Lincoln's
Chairman and Chief Executive Officer, at ceremonies held here
today. The "E Star" Award is the nation's highest honor in
recognition of growth and excellence in exporting. Mr. Stropki
said, "We are honored to receive this very prestigious award. It
recognizes not only our achievement in attaining increased export
business and preserving manufacturing jobs here in the U.S. but
also the excellent efforts of our employees in meeting the growing
demand for our products around the world." "There has never been a
better time to trade," said Israel Hernandez, Assistant Secretary
for Trade Promotion and Director-General of the U.S. Commercial
Service. "The U.S. has cultivated better opportunities for American
companies to sell their goods and services around the world,
helping them target the 95 percent of the world's consumers who
live outside of the United States. I commend Lincoln Electric for
their commitment to exporting and their outstanding export
accomplishments." Lincoln Electric is a long-term client of the
Commercial Service's Cleveland U.S. Export Assistance Center, and
has benefited from export counseling, market research and trade
events to make new export sales around the world. The "E Star" is
awarded to those companies that have previously earned the
President's E Award, which Lincoln received in 1994. The Lincoln
Electric Company is a major domestic subsidiary of Lincoln Electric
Holdings, Inc. (NASDAQ:LECO), the world leader in the design,
development and manufacture of arc welding products, robotic
arc-welding systems, plasma and oxyfuel cutting equipment. The
Company also has a leading global position in the brazing and
soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln
has 33 manufacturing locations, including operations, manufacturing
alliances and joint ventures in 19 countries and a worldwide
network of distributors and sales offices covering more than 160
countries. For more information about Lincoln Electric, its
products and services, visit the Company's Web site at
http://www.lincolnelectric.com/. DATASOURCE: Lincoln Electric
Holdings, Inc. CONTACT: Roy L. Morrow of Lincoln Electric,
+1-216-383-4893, or ; or Matt Englehart of the International Trade
Administration, +1-202-482-2253, or Web site:
http://www.lincolnelectric.com/
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