/EIN News/ Advances the Automation Growth Strategy in Structural Steel Applications
Headquartered in Vienna, Austria with facilities in Scheifling, Austria, Zeman Bauelemente is a leading designer and manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams. The company’s systems are primarily sold under the Steel Beam Assembler (SBA) name and serve customers in the structural steel and infrastructure sectors globally. The addition of Zeman Bauelemente, increases Lincoln Electric’s annual automation sales by approximately 10% and expands its international automation capabilities as part of its Higher Standard 2025 Strategy.
“We are excited to welcome the Zeman Bauelemente team to Lincoln Electric and integrate their unique offering into our industry-leading automation portfolio,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “The combination of the SBA and our PythonX
Lincoln Electric Acquires Zeman Bauelemente Produktionsgesellschaft m b H
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Covid-19 Lockdown Impact On Global Metal Cutting Machine Market 2020-2027 Growth and Demand, Projected Market Research Store
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Operator
Greetings and welcome to Lincoln Electric 2020 Fourth Quarter Financial Results Conference Call. [Operator Instructions] And this call is being recorded. It is my pleasure to introduce your host, Amanda Butler, Vice President of Investor Relations and Communications. Thank you. You may begin.
Amanda Butler
Vice President, Investor Relations & Communications
Thank you, Michelle, and good morning, everyone. Welcome to Lincoln Electric s 2020 fourth quarter conference call. We released our financial results earlier today and you can find our release as an attachment to this call s slide presentation as well as on the Lincoln Electric website at lincolnelectric.com in the Investor Relations section. Joining me on the call today is Chris Mapes, Lincoln s Chairman, President and Chief Executive Officer; and Gabe Bruno, our Chief Financial Officer. Chris will begin the discussion with an overview of our annual sales results and business trends and Gabe will cover our fourth