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EXHIBIT (21)
THE LINCOLN ELECTRIC COMPANY AND SUBSIDIARIES
SUBSIDIARIES OF THE REGISTRANT
The Company's subsidiaries, all of which are included in its consolidated
financial statements, are listed in the following table:
Consolidated
Country of Percent
Name Incorporation Ownership
Messer Lincoln GmbH Germany 100
Lincoln Electric Foreign
Sales Corporation, Inc. Virgin Islands 100
Lincoln Norweld B.V. The Netherlands 100
Lincoln Electric (U.K.) Limited United Kingdom 100
Lincoln-Norweld Management A/S Norway 100
Lincoln-Norweld A/S Norway 100
Lincoln Svetshuset AB Sweden 100
Lincoln Electric France S.A. France 100
Lincoln Electric Company
(Europe) GmbH Germany 100
Lincoln Electric Italia S.r.l. Italy 100
Lincoln Smitweld B.V. The Netherlands 100
Lincoln Smitweld Belgium S.A. Belgium 100
Lincoln Electric Company
(Europe) B.V. The Netherlands 100
Lincoln K.D. S.A. Spain 100
Lincoln Electric Company
(Espana) S.A. Spain 100
Lincoln Electric Holdings, Inc. United States 100
Lincoln Electric Europe, Inc. United States 100
Harris Calorific France S.A.R.L. France 100
Harris Calorific GmbH Germany 100
Harris Calorific Ltd. Ireland 100
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EXHIBIT 21 -- SUBSIDIARIES OF THE REGISTRANT (Continued)
Consolidated
Country of Percent
Name Incorporation Ownership
Harris Calorific S.r.l. Italy 100
Sacit S.r.l. Italy 100
S.P.I. Italy 100
Lincoln Electric Far East, Inc. United States 100
Nippon Lincoln Electric K.K. Japan 100
Lincoln Electric International, Inc. United States 100
Lincoln Electric Company
(Australia) Proprietary Limited Australia 100
Lincoln Electric North America, Inc. United States 100
Lincoln Electric Company of
Canada Limited Canada 96
Lincoln Big Three, Inc. United States 51
Lincoln Electric Mexicana,
S.A. de C.V. Mexico 100
Big Three Lincoln Alaska, Inc. United States 100
Lincoln Smitweld GmbH Germany 100
Lincoln Electric South
America, Inc. United States 100
Lincoln Electric C.A. Venezuela 100
Lincoln Electric Do Brasil Ltda. Brazil 100