EXHIBIT 21
BALDOR ELECTRIC COMPANY AND AFFILIATES
AFFILIATES OF THE REGISTRANT
PLACE OF ORGANIZATION NATURE OF
NAME OF AFFILIATE OR INCORPORATION OWNERSHIP
- ----------------- --------------------- ---------
Baldor of Arkansas Arkansas 100%
Baldor of Nevada, Inc. Nevada 100%
BEC Business Trust Massachusetts 100% (1)
Baldor of Texas, L.P Texas 100% (2)
Baldor International, Inc. U.S.Virgin Islands 100%
Carolina Capacitors, Inc. South Carolina 100%
Southwestern Die Casting Co.,Inc. Arkansas 100%
Sweo Controls, Inc. Washington 100%
Baldor Holdings, Inc. Delaware 100%
Baldor de Mexico,S.A.de C.V. Mexico 100% (3)
Baldor ASR, AG Switzerland 100% (3)
Baldor ASR GmbH fuer Antriebstechnik Germany 100% (3)
Baldor ASR U.K. Limited United Kingdom 100% (3)
Baldor Italia S.R.L. Italy 100% (4)
Australian Baldor Pty. Limited Australia 60%
Baldor Electric (Far East) PTE. Ltd. Singapore 60%
Baldor Electric (Thailand) Ltd. Thailand 100% (5)
Baldor Industrial Automation PTE.Ltd. Singapore 100% (5)
Baldor Electric (Indonesia) Ltd. Indonesia 100% (5)
(1) 100% owned by Baldor of Nevada
(2) 99% owned by BEC Business Trust (LP) and 1% owned by Baldor of
Arkansas (GP)
(3) 100% owned by Baldor Holdings, Inc.
(4) 98% owned by Baldor Holdings, Inc., 2% owned by Baldor ASR GmbH fuer
Antriebstechnik.
(5) 100% owned by Baldor Electric (Far East) PTE. Ltd.