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August 31, 2015 4:29 AM 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

Phone:

936-634-2211

Fax:

936-637-5272

Key Executives for Lufkin Industries Inc.

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

General Electric Co Cuts 262 More Lufkin Oil Unit Jobs in Texas

General Electric Co announced that it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices. GE earlier this year said it planned to eliminate some 575 jobs from Lufkin, bringing the total cuts to more than 800. The jobs will be eliminated across two sites in Angelina County, Texas.

General Electric Seeks Buyer For Lufkin Foundry

General Electric Company (NYSE:GE) is looking for a buyer for its Lufkin Industries Inc. foundry. Thad Chambers, Director of economic development, told board members of the Lufkin Economic Development Corp. that GE was attempting to sell the metal casting facility that was closed earlier this year.

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.

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