EXHIBIT 21

LINCOLN ELECTRIC HOLDINGS, INC. AND SUBSIDIARIES

SUBSIDIARIES OF THE REGISTRANT

The Company’s subsidiaries and joint ventures are listed in the following table:

	COUNTRY OF	PERCENT
NAME	INCORPORATION	OWNERSHIP
A. B. Arriendos S.A.	Chile		50
Bester S. A.	Poland		91
The Lincoln Electric Company	United States		100
Lincoln Electric Europe B.V.	The Netherlands		100
Lincoln Electric Europe, S. L.	Spain		100
Harris Calorific Limited	Ireland		100
Harris Calorific S.r.l.	Italy		100
Harris Calorific, Inc.	United States		100
Harris Calorific Gmbh	Germany		100
Lincoln Global Holdings, LLC	United States		100
Inversiones LyL S.A.	Chile		50
Kaynak Teknigi Sanayi ve Ticaret A.S.	Turkey		50
Kuang Tai Metal Industrial Co., Ltd.	Taiwan		35
Lincoln Electric (U.K.) Limited	United Kingdom		100
Lincoln Electric Argentina, S.A.	Argentina		100
Lincoln Electric Company (Australia)   Proprietary Limited	Australia		100
Lincoln Electric Company of Canada GP Limited	Canada		100
Lincoln Electric Company of Canada LP	Canada		100
Lincoln Canada Holdings ULC	Canada		100
Lincoln Electric do Brasil Industria e Comercio Ltda.	Brazil		100
Lincoln Electric France S.A.	France		100
Lincoln Electric International Holding Company	United States		100
Lincoln Electric Italia S.r.l.	Italy		100
C.I.F.E. S.r.l.	Italy		100
Lincoln Electric Maquinas S de RL	Mexico		100
Lincoln Electric Mexicana, S.A. de C.V.	Mexico		100
Lincoln Electric Manufactura, S.A. de C.V.	Mexico		100
Lincoln Electric North America, Inc.	United States		100
Lincoln Electric Norge AS	Norway		100
Lincoln Global, Inc.	United States		100
Lincoln Smitweld B.V.	The Netherlands		100
Lincoln Smitweld GmbH	Germany		100
Lincoln-KD, S.A.	Spain		100
Lincoln Electric Venezuela, C.A.	Venezuela		100
PT Lincoln Electric Indonesia	Indonesia		78
Sacit S.r.l.	Italy		100

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EXHIBIT 21

LINCOLN ELECTRIC HOLDINGS, INC. AND SUBSIDIARIES

SUBSIDIARIES OF THE REGISTRANT

Smart Force, LLC	United States	100
Tenwell Development Pte. Ltd.	Singapore	21
The Lincoln Electric Company (Asia Pacific) Pte. Ltd.	Singapore	100
Lincoln Smitweld Belgium S.A.	Belgium	100
Lincoln Electric (Shanghai) Trading and Warehouse Co., Ltd.	China	100
Lincoln Soldaduras de Venezuela S.A.	Venezuela	100
Lincoln Electric Sverige AB	Sweden	100
Uhrhan & Schwill Schweisstechnik GmbH	Germany	100
Welding, Cutting, Tools & Accessories, LLC	United States	100
World Wires S.r.l.	Italy	69

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