Cleveland – Lincoln Electric was recently honored with the Market Share Leadership Award for best practices in the world pipeline industry related to welding equipment and consumables.
The award, based upon global research by analysts and consultants and outlined in Frost and Sullivan’s CEO 360 Degree Perspective report, recognized the company for exhibiting market share leadership through the implementation of market strategy. Lincoln Electric continues to display excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics. By utilizing these strategies for success, the company has established itself as the market share leader in its respective industry.
Lincoln Electric has been able to achieve this level of success due to its focus on customer service and technology development. The company provides products and solutions to satisfy the requirements of demanding applications, such as those in the pipeline industry. Lincoln Electric focuses on the needs of welders across different geographic regions and industries, identifies their needs and provides the best welding solution.
Its devotion to research and development of welding equipment and consumables for the various welding processes sets the company apart as an innovator in the industry. Other strengths that have earned Lincoln Electric this designation include continuous upgrades of its existing product portfolio, a wide distribution network, a unique growth strategy, strong customer support, and an increasing market share.
For more information on Frost and Sullivan’s 2010 Growth Excellence Awards, visit http://www.frost.com/prod/servlet/meawards.pag.
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, weld fume control systems and plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market.