The ESAB Group restructuring the European welding industry

Bo Arpi and Per Wejke

Chapter Chapter 10 in International Turnaround Management, 1999, pp 265-293 from Palgrave Macmillan

Abstract: Abstract During the late 1970s, the Gothenburg-based ESAB welding company became so unprofitable that it was threatened by split-up or bankruptcy. Underlying driving forces included: 1. the disappearance of the demand for manual welding products from European shipyards and a subsequent decline in oil rig production 2. a gradual switch from manual welding techniques to more advanced (semi-automatic, fully automatic, and robotic) techniques1 3. in the area of solid wire, ESAB met new competitors, namely the steel works ‘integrating forward’ 4. the abolition of a ‘stocking subsidy’ paid by the Swedish state to counteract business cycles.

Keywords: Market Share; Welding Robot; Marginal Interest; Solid Wire; Welding Consumable (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28885-0_10

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DOI: 10.1057/9780230288850_10

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