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July 04, 2015 12:09 PM ET

Energy Equipment and Services

Company Overview of Lufkin Industries Inc.

Company Overview

Lufkin Industries Inc. makes and sells oil-field pumping units, power transmission products, and highway trailers. It manufactures and services artificial reciprocating rod lift equipment and related products. It also transports and repairs pumping units and refurbishes used pumping units. The trailer segment makes and services highway trailers for the freight-hauling market. The company operates primarily in U.S, Canada, Europe, and Latin America. The company was founded in 1902 and is based in Lufkin, Tex.

601 South Raguet

Lufkin, TX 75902-0849

United States

Founded in 1902

4,400 Employees





Key Executives for Lufkin Industries Inc.

Chief Compliance Officer, Vice President, General Counsel and Secretary
Age: 40
Vice President of Human Resources
Age: 59
Vice President and General Manager of The Power Transmission Division
Age: 60
Vice President of Manufacturing Technology
Age: 61
Compensation as of Fiscal Year 2015.

Lufkin Industries Inc. Key Developments

GE Oil & Gas to Lay Off 330 Workers at its Subsidiary, Lufkin Industries

GE Oil & Gas will lay off 330 workers at its Lufkin Industries subsidiary. Headquartered in Lufkin, Texas, the company specializes in manufacturing pumping units, enclosed gear drives, and castings for heavy equipment, values and machine tools. GE Oil & Gas said it has started restructuring projects to reduce the cost structure of the Lufkin business.

Christopher L. Boone Leaves as Vice President and Chief Financial Officer of Lufkin Industries, Inc

Mr. Christopher L. Boone, age 44, is leaving his positions as vice president, and chief financial officer of Lufkin Industries Inc., roles which he has performed since May 2008.

Lufkin Industries Inc. Announces Expansion of Lufkin-RMT Operation in Wellsville, NY

Lufkin-RMT, a part of GE's newly acquired Lufkin Industries Inc., hosted a opening for corporate officials, government representatives and employees at its new manufacturing facility adjacent to the Wellsville Airport in Allegany County, in southwestern New York state. The Wellsville facility designs and manufactures precision engineered bearings for rotating equipment such as pumps, turbines, compressors, expanders and gearboxes. The new facility more than doubles the size of the previous Lufkin-RMT's manufacturing space and provides another 10,000 square feet of office space. The company currently employs 68 persons, up from 60 over the past year, with the majority employed as highly skilled machinists. The new facility is located at 2475 Tarantine Boulevard.

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